Total amount raised
$125 Million
Latest funding date
11/1/2024
Location
Zopper has successfully raised funding over six rounds, with the latest being a Series D round involving investors such as Dharana Capital and Elevation Capital. The platform specializes in providing customized insurance solutions and support for partners in the insurance distribution process.
Keep reading to explore the intricacies of Zopper's fundraising journey and the investors backing this innovative platform.
What Is Zopper?
Zopper is a prominent InsurTech platform based in Noida, Uttar Pradesh, India. The company specializes in providing customized insurance solutions and support for partners in the insurance distribution process. With a significant employee base of 501-1000, Zopper has established itself as a key player in the financial services, FinTech, and insurance industries.
Founded to revolutionize the insurance sector, Zopper collaborates with top insurance providers to create APIs that simplify insurance distribution. The platform is trusted by over 2500 brands and has been recognized for its innovative solutions, driving growth and efficiency in the insurance ecosystem.
How Much Funding Has Zopper Raised?
- Series D
- Amount Raised: USD 25,000,000
- Date: November 2024
- Lead Investors: Dharana Capital, Elevation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Enhance data science, data engineering, and AI/ML capabilities; fuel growth in bancassurance offerings; improve post-sales and servicing for device and appliance protection businesses.
- Series C
- Amount Raised: USD 75,000,000
- Date: September 2022
- Lead Investors: Blume Ventures, Creaegis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Support growth and development.
- Series B
- Amount Raised: USD 20,000,000
- Date: June 2015
- Lead Investors: Nirvana Venture Advisors, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not explicitly mentioned.
- Series A
- Amount Raised: USD 5,000,000
- Date: July 2014
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not explicitly mentioned.
- Series A
- Amount Raised: Not publicly disclosed
- Date: April 2013
- Lead Investors: Nirvana Venture Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not explicitly mentioned.
- Seed
- Amount Raised: Not publicly disclosed
- Date: June 2011
- Lead Investors: Blume Ventures, VenturEast
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not explicitly mentioned.
Total Amount Raised: USD 125,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Elevation Capital
- Details: Elevation Capital is a venture capital firm that invests in early-stage startups. They focus on technology, consumer internet, financial services, and healthcare sectors.
- Investment Focus Areas: Technology, consumer internet, financial services, healthcare.
- Notable Investments: Paytm, Swiggy, UrbanClap.
- Dharana Capital
- Details: Dharana Capital is an investment firm focused on supporting high-growth companies, particularly those leveraging data and AI.
- Investment Focus Areas: Technology, financial services, consumer sectors.
- Notable Investments: Not specified.
- Blume Ventures
- Details: Blume Ventures is an early-stage venture fund that backs startups with disruptive ideas. They invest across various sectors, including technology, healthcare, and financial services.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Unacademy, Dunzo, HealthifyMe.
- Creaegis
- Details: Creaegis is a private equity firm that invests in technology-driven businesses, focusing on digital transformation and financial services.
- Investment Focus Areas: Technology, digital transformation, financial services.
- Notable Investments: Not specified.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a global venture capital firm that invests in early to growth-stage companies across various sectors, including technology, healthcare, and financial services.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: LinkedIn, Shopify, Pinterest.
What's Next for Zopper?
Zopper's future is brimming with opportunities, driven by its commitment to enhancing digital infrastructure and expanding its insurance distribution platform. The company aims to leverage its recent $25 million Series D funding to invest in data science, AI, and machine learning, which could significantly boost its bancassurance offerings and post-sales services for device and appliance protection.
As Zopper continues to grow, future fundraising opportunities seem promising. The company's consistent success in securing investments suggests that additional funding rounds could be on the horizon, enabling further technological advancements and market expansion. However, Zopper will need to navigate challenges such as intense competition, regulatory hurdles, and the seamless integration of advanced technologies to maintain its growth trajectory.
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