• FOUNDING YEAR: 2013
    LOCATION:
    India
    REGION:
    MH
    Last Update:
    17 Dec, 2018

Description

FOCUS

PRODUCTS & SERVICES:
It offers various online insurance products across categories like Health, Car, Life , Travel and Home Insurance.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail Insurance customers
EXISTING PARTNERSHIPS:
"Strategic partnership with CarDekho to increase more customer base in motor industry. L&T, Bharti Enterprises, ICICI, Cigna, Apollo Munich, Chola MS, HDFC,Oriental Insurance Company"
COMMENT
Coverfox is a single point of contact for the consumers for their insurance needs, renewals and claims settlement.

PEOPLE

FOUNDERS:
Varun Dua, Devendra Rane
Board Members and Advisors:
Aidyanathan Srinivasan, Anurag Mehrotra
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Accel, SAIF Partners, Cataraman Ventures, Transamerica Ventures, International Finance Corporation, Pratithi Investment Trust, NuVentures
KEY EMPLOYEES:
Devendra Rane(CTO); Varun Dua(CEO)

TRACTION

VALUATION / MARKET CAP:
$187.5 MM in 2017

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$41.5 Millions
DATE OF LAST FUNDING:
Apr 2018
TOTAL FUNDING COMMENT:
The company is planning to use the fund to enhance its product and technology capabilities, broaden its product portfolio and accelerate its geographic expansion(April 2018).
FUNDING SERIES:
SERIES B
$12 Million Closed: Apr 2015
SERIES C
$37 Millions Closed: Apr 2018
LISTED:
NO

LATEST RESEARCH