Key Takeaways
- • Zopper raised $75 million in Series C funding, led by Creaegis with participation from ICICI Venture, Bessemer Venture Partners, existing investor Blume Ventures, and continued support from Tiger Global—representing one of the largest funding rounds in Asia's insurtech sector to date.
- • The company targets $500 million in annualized Gross Written Premium (GWP) by March 2024, scaling from a current operational base of 150+ partners across 1,200+ cities in India.
- • Capital deployment priorities include platform enhancement, data engineering talent acquisition, business development, inorganic growth pursuits, and international market expansion—signaling ambitions beyond India's domestic insurtech market.
- • Zopper operates as a B2B/B2C embedded insurtech SaaS platform, enabling organizations to distribute insurance products through deep technology integration and data analytics capabilities since its 2011 founding.
- • --
Summary
Zopper, a New Delhi-based insurtech startup established in 2011, has secured $75 million in Series C funding in a transaction led by venture capital firm Creaegis. The financing round included institutional participation from ICICI Venture and Bessemer Venture Partners, alongside existing shareholder Blume Ventures. Tiger Global, an existing investor in the company, committed to continued support. This Series C represents one of the largest funding rounds in Asia's insurtech space to date.
The company positions itself as India's largest embedded insurtech platform, operating a SaaS-enabled distribution system designed to modernize insurance product delivery. Zopper currently maintains relationships with 150+ partners and operates across 1,200+ cities, serving both B2B and B2C organizations with end-to-end technology and service offerings for insurers. According to CEO and Co-Founder Surjendu Kuila, the company has achieved exponential growth over the past four years and anticipates continued significant expansion.
Zopper intends to deploy the fresh capital to strengthen its SaaS platform and data analytics infrastructure, build specialized data engineering talent, accelerate business development initiatives, pursue strategic inorganic growth opportunities, and explore international market expansion. The company has set an ambitious target of achieving $500 million in annualized Gross Written Premium (GWP) by March 2024. Kuila emphasized the company's competitive advantages rooted in "deep understanding of technology, data and insurance products," positioning Zopper as a next-generation distribution platform in a sector that has historically lagged in technology adoption.
The company positions itself as India's largest embedded insurtech platform, operating a SaaS-enabled distribution system designed to modernize insurance product delivery. Zopper currently maintains relationships with 150+ partners and operates across 1,200+ cities, serving both B2B and B2C organizations with end-to-end technology and service offerings for insurers. According to CEO and Co-Founder Surjendu Kuila, the company has achieved exponential growth over the past four years and anticipates continued significant expansion.
Zopper intends to deploy the fresh capital to strengthen its SaaS platform and data analytics infrastructure, build specialized data engineering talent, accelerate business development initiatives, pursue strategic inorganic growth opportunities, and explore international market expansion. The company has set an ambitious target of achieving $500 million in annualized Gross Written Premium (GWP) by March 2024. Kuila emphasized the company's competitive advantages rooted in "deep understanding of technology, data and insurance products," positioning Zopper as a next-generation distribution platform in a sector that has historically lagged in technology adoption.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.