# Zopper

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zopper

- Industry: Insurance
- Headquarters: Noida, India
- Website: www.zopper.com
- Total disclosed funding: $121M
- Latest round: Series D (Nov 21, 2024)
- Investors on record: 9

## About

Zopper is an innovative insurtech company based in India, specializing in advanced technology solutions that enhance the distribution of insurance products across multiple sectors, including banking and e-commerce.Founded in 2011 in Noida, India, Zopper operates in the insurtech space, providing software solutions for insurance distribution. The company was established by Mayank Gupta, Monika Sehrawat, Neeraj Jain, and Surjendu Kuila, with Surjendu Kuila currently serving as CEO. Zopper has successfully closed 6 deals, with its most recent funding round occurring on September 20, 2022, where it raised USD 75 mn in a Series C round led by Creaegis, alongside other investors such as Bessemer Venture Partners, Blume Ventures, ICICI Venture, and Tiger Global Management. In total, the company has raised USD 125 mn to date.Zopper specializes in providing innovative insurtech solutions that enhance the distribution of insurance products across various sectors. Their primary offerings include customized insurance software and insurtech APIs designed for leading financial institutions such as banks, non-banking financial companies (NBFCs), and microfinance institutions (MFIs). These solutions facilitate seamless bancassurance integration, enabling clients to offer tailored insurance products that significantly improve customer experience. Zopper's solutions also cater to digital businesses, lifestyle sectors, and e-commerce platforms by allowing the integration of diverse insurance products, including extended warranties and device protection plans. The company operates in over 1200 cities across India, serving a wide range of partners and end users looking to enhance their insurance offerings and streamline customer engagement.In 2023, Zopper reported a revenue of USD 23.33 mn and an EBITDA of USD -1.20 mn. The company's revenue model primarily revolves around partnerships and B2B transactions, where financial institutions and digital businesses subscribe to their software and API solutions through contractual agreements. These partnerships allow the integration of Zopper's offerings into their platforms, facilitating the sale of various insurance products and enhancing service offerings for clients.Zopper aims to leverage its recent Series C funding of USD 75 mn to enhance its SaaS platform and data analytics capabilities, as well as to build its data engineering team. The company plans to invest in business development initiatives and explore growth opportunities through mergers and acquisitions. Additionally, Zopper is focused on expanding its global footprint, targeting new markets and geographic regions to broaden its customer base. The funding will support these strategic initiatives, further positioning Zopper as a key player in the insurtech landscape.

## Funding rounds

- Series D, Nov 21, 2024, $25M — Blume Ventures, Elevation Capital, Dharana Capital
- Series C, Sep 20, 2022, $75M — ICICI Venture, Bessemer Venture Partners, Tiger Global Management, Blume Ventures, Creaegis
- Series D, Dec 23, 2014, $15M — Tiger Global Management, Nirvana Venture Advisors
- Series C, Jun 18, 2014, $5.1M — Tiger Global Management, Blume Ventures, Nirvana Venture Advisors
- Series B, Jan 24, 2013, $0.8M — Blume Ventures, Nirvana Venture Advisors
- Series A, Jul 4, 2012, $0.1M — Ventureast, Blume Ventures

## Investors

- Ventureast (https://capitalatlas.ai/funds/ventureast) — Series A
- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Series A, Series B, Series C, Series D
- Nirvana Venture Advisors (https://capitalatlas.ai/funds/nirvana-venture-advisors) — Series B, Series C, Series D
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C, Series D
- ICICI Venture (https://capitalatlas.ai/funds/icici-venture) — Series C
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series C
- Creaegis (https://capitalatlas.ai/funds/creaegis) — Series C
- Elevation Capital — Series D
- Dharana Capital (https://capitalatlas.ai/funds/dharana-capital) — Series D