Coverfox

insurtechaggregators / policy management

FOUNDING YEAR: 2013
LOCATION: India
Last Update: 18/10/2019

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About

Coverfox.com is the biggest InsurTech platform in India. We offer simple, quick and hassle-free online insurance broking services. We have partnered up with 35+ insurance providers to provide the best policies and plans at the best possible premiums. We offer car, bike, health, life and travel insurance. Are you covered yet? Cover Karo, Kaam Aayega. Speciality: #insurance

MEDICI Analysis

"Coverfox is an online insurance broker which uses proprietary technology and algorithm-based platform to help potential buyers compare, understand and buy insurance products. It offers multiple insurances including health insurance for parents & senior citizens, Two-wheeler and car insurance, travel and home insurance."

Focus

PRODUCTS & SERVICES

It offers various online insurance products across categories like Health, Car, Life , Travel and Home Insurance.

REVENUE MODEL

Company generates revenue by collecting commission from insurance companies.

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.

Traction

VALUATION / MARKET CAP:

$187.5 M in 2017

COMPANY TYPE:

For Profit

People

FOUNDERS

Devendra Rane

BOARD MEMBERS AND ADVISORS

Aidyanathan Srinivasan

Anurag Mehrotra

NUMBER OF EMPLOYEES

501-1000

INVESTORS:

Accel

Catamaran Ventures

Cataraman Ventures

InnoVen Capital

International Finance Corporation

NuVentures

Pratithi Investment Trust

SAIF Partners

Transamerica Ventures

Accel India

Aegon

Aegon Digital Investments

IFC

N.R.Narayana Murthy

GlitterBug Technologies

KEY EMPLOYEES:

Devendra Rane(CTO); Varun Dua(CEO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

3

TOTAL FUNDING

$21.72 M

DATE OF LAST FUNDING

Apr 2020

IPO STATUS

Private

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).

ESTIMETED REVENUE RANGE

$1M to $10M

FUNDING SERIES

SERIES B  · $12 M  · Apr 2015

SERIES C  · $5.8 M  · Jul 2019

OTHERS  · $3.93 M · Apr 2020

LISTED

NO

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

1,015,249

AVERAGE VISITS (6 MONTHS)

1,310,356.06

MONTHLY VISITS GROWTH

38.5%

VISIT DURATION

291

VISIT DURATION GROWTH

61.4%

PAGE VIEWS VISIT

4.6

PAGE VIEWS VISIT GROWTH

31.04%

BOUNCE RATE

70.49%

BOUNCE RATE GROWTH

-1.95%

GLOBAL TRAFFIC RANK

39,153

MONTHLY RANK CHANGE

-26,417

MONTHLY RANK GROWTH

-40.29%

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