Insurtech platform Zopper raises $75 million funding led by Creaegis

ETtechZopper cofounders (from left): Surjendu Kuila and Mayank Gupta

Solvy Tech Solutions, which runs insurtech platform Zopper, has raised $75 million from investors led by Creaegis to fund its expansion plan.

The funding round saw participation from ICICI Venture and Bessemer Venture Partners, and existing backer Blume Ventures, according to the New Delhi-based company.

Zopper cofounder Surjendu Kuila told ET that the capital will be used to support the international expansion of Zopper, to beef up the platform’s technology and data engineering functions, and for strategic acquisitions .  ..

By the end of the current fiscal, the headcount at Zopper is expected to grow to more than 600 from 475 now. Most of the hiring will be across functions of technology, data science and data engineering, the company said.

Zopper, founded in 2011, provides an application programming interface (API)-based software platform which connects insurers and banks with third-party platforms. Through the integration, it allows these platforms to embed and distribute insurance products to their cust ..

By the end of the current fiscal, the headcount at Zopper is expected to grow to more than 600 from 475 now. Most of the hiring will be across functions of technology, data science and data engineering, the company said.

Zopper, founded in 2011, provides an application programming interface (API)-based software platform which connects insurers and banks with third-party platforms. Through the integration, it allows these platforms to embed and distribute insurance products to their  customers . Among the modules offered by Zopper, as a part of its API-based software platform, are policy issuance, policy administration, claim management, regulatory reporting along with a lead management and campaign management system.