Insurtech startup Zopper raised $75 million in Series C led by Creaegis where ICICI Venture, Bessemer Venture Partners and Tiger Global, and existing investor Blume Ventures also participated.
Zopper provides insurers with end-to-end technology solutions and also assists business-to-business (B2B) and business-to-consumer (B2C) organisations in selling various types of insurance products. Zopper intends to use the new funds to strengthen its SaaS platform and data analytics capabilities, to build its data engineering team, to invest in business development initiatives, and to grow inorganically through mergers and acquisitions. The startup will also use the funds to expand its global geographic footprint. According to the statement, the startup has a presence in 1,200 Indian cities and over 150 clients, including Amazon, Ola, Xiaomi, Croma, Hitachi, Equitas Small Finance Bank, and Chaitanya.