Announced
Completed
Financials
Sources
Tags
Friendly
Completed
India
Cross Border
Private
insurance products
Venture Capital
Insurance Brokers
Acquisition
Single Bidder
Minority
Private Equity
Synopsis
Creaegis led a $75m Series C round in Zopper, an insurance products provider, with participation from ICICI Venture, Bessemer Venture Partners, Tiger Global, and Blume Ventures. “If you look at the penetration of insurance in India today, it’s just 3 to 4%. If you’re trying to bring new people to the fold of insurance, you just cannot sell them schemes that are priced above $37 to $50 a year," Surjendu Kuila, Zopper Founder and CEO.
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