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New Deal


Announced

Completed

Creaegis led a $75m Series C round in Zopper.

Financials

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Transaction Value£65m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Friendly

Completed

India

Cross Border

Private

insurance products

Venture Capital

Insurance Brokers

Acquisition

Single Bidder

Minority

Private Equity

Synopsis

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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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