Coverfox

insurtechaggregators / policy management

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

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

"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

People

BOARD MEMBERS AND ADVISORS

Aidyanathan Srinivasan

Anurag Mehrotra

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Accel

Cataraman Ventures

International Finance Corporation

NuVentures

Pratithi Investment Trust

SAIF Partners

Transamerica Ventures

KEY EMPLOYEES:

Devendra Rane(CTO); Varun Dua(CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$49 M

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 M  · Apr 2015

SERIES C  · $37 M  · Apr 2018

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

India

Views:

570 VISITORS | 1154 VIEWS
LATEST FUNDING ROUND

$49 M

TOTAL EMPLOYEES
51-200

About

"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."

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack