Indian Economy News

Insurtech platform Zopper raises US$ 75 million; plans global expansion

  • IBEF
  • September 21, 2022

Zopper, an insurtech platform, has raised US$ 75 million in its Series C funding round led by Creaegis, with participation from ICICI Venture and Bessemer Venture Partners.

The startup plans to invest the new funds in cutting-edge technology, business development projects, inorganic growth through merger and acquisition (M&A), and global expansion. By March 2024, Zooper aims to achieve US$ 500 million annualised Gross Written Premium (GWP).

Zopper was established in 2011 and is active in more than 1,200 cities. It has more than 150 ecosystem partners, including Amazon, Ola, Xiaomi, Croma, Hitachi, Equitas Small Finance Bank, Chaitanya, and others.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.