Insurtech firm Zopper raises $25 million

Insurtech level Zopper connected Thursday announced it has raised USD 25 cardinal (around Rs 211 crore) successful Series D backing round, co-led by Elevation Capital and Dharana Capital.

The circular besides saw information from existing capitalist Blume Ventures, said Zopper which is besides backed by Creaegis, Bessemer Venture Partners and ICICI Venture.

"Zopper volition usage this caller backing to ramp up its integer exertion infrastructure, by strengthening its security organisation platform. The institution volition besides put successful its information science, information engineering, artificial quality and instrumentality learning capabilities," it said.

The funds volition besides accelerate maturation successful the existent bancassurance solutions and heighten the post-sales and servicing capabilities of the company's instrumentality and appliance extortion businesses, Zopper said.

"We instrumentality pridefulness that we are the lone insurtech institution that works with security providers and creates byte-sized, personalised products that it past supplies to organisation partners," Surjendu Kuila, Co-founder and CEO, said.

The institution has presently partnered with 40 security companies and 2,500-plus ecosystem players.

Zopper said its insurtech platform, equipped with implicit 1,000 APIs, aims to alteration the insurtech ecosystem successful India.

"Zopper volition proceed its absorption connected caller merchandise improvement and enhanced lawsuit experiences with an purpose to augment the wide exertion stack," it added.

Currently, the institution provides contextual products tailored for customers, crossed the security spectrum successful India, embedding products into the existing integer platforms of the ecosystem players.