Insurance-focused API Startup Zopper bags $25 million Funding in Series D

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} .col-lg-7 .text_style{ font-size: 17px; } h3{ font-style: italic; } #vendor_chk{ position: sticky; top:0; } #rightpart{ position: sticky; top:0; } </style> <div class="col-md-8 width_img" id="vendor_chk"> <div class="col-md-12"> <div id="borderlinestyle" style="margin-top: 0px !important;"> <img alt="Separator" title="Separator" style="width: 100%;" src="https://www.siliconindia.com/images/simag_images/images/line.png"> </div> <div style="float: left;margin-right: 10px;"> </div><h1 style="font-size: 2.5rem;margin-top: 0px !important;line-height: 1.2;font-weight: bold;color: black;">Insurance-focused API Startup Zopper bags $25 million Funding in Series D</h1> <div id="borderlinestyle" style="margin-top: 0px !important;margin-bottom: 10px;"> <img alt="Separator" title="Separator" style="width: 100%;" src="https://www.siliconindia.com/images/simag_images/images/line.png"> </div> </div> <div class="section"><div style="width:100%;" class="col-lg-5 col-md-5 col-sm-5"><div class="text_style"><div style="width: 280px;float: left;margin-right: 15px;"><a href="#"><img alt="Team Startupcity" title="Team Startupcity" src="https://www.siliconindia.com/images/simag_images/uploaded_images/newstransfer/fmdl7.photo-golden-coins-plant-money-plant.jpg"></a><div class="profile-text" style="margin-top: 10px;margin-bottom: 10px;"> <a style="line-height: 0px;"><h3 class="profile-img-head-text" style="margin-top: 10px;margin-bottom: 10px;font-size:17px;color: #212428; padding-bottom: 10px; border-bottom: 2px solid rgb(221, 221, 221);">Team Startupcity</h3></a></div></div><b>Zopper</b>, the insurance infrastructure API platform for the insurance industry, has secured $25 million in a <b>Series D funding</b> round led by Elevation Capital, Dharana Capital, and Blume Ventures.<br /> <br /> After a gap of over two years, the fresh proceeds have come for the Noida-based company.<br /> <br /> The September 2022 fundraising round for Zopper, led by Creaegis, included participation from ICICI Venture, Bessemer Venture Partners, Tiger Global, and Blume Ventures.<br /> <br /> Entrackr's analysis shows that the company has raised more than $115 million thus far.<br /> <br /> The company said in a press release that the <b><a href= "https://startup.siliconindia.com/startup-funding/simplified-odr-firm--cadre-odr--earns-200k-in-series-a-nwid-47647.html" target="_blank" >new funds will be used</a></b> to strengthen its insurance distribution platform and enhance its digital infrastructure. Post-sales and service operations for device and appliance protection segments will be improved by the investment.<br /> <br /> In FY23, the company registered 187.28 crore in revenue with a loss of Rs 13.95 crore.<br /> <br /> The 13-year-old Zopper assists companies in offering a variety of insurance products and provides complete technology and support services to 40 insurance firms. More than 2,500 ecosystem players have been partnered with it.<br /> <br /> Until its acquisition by Walmart-owned <b>PhonePe</b> in July 2018, Zopper was a customer-focused PoS system for retailers and small-scale businesses. After the sale, Co-Founders Surkendu Kulia and Mayank Gupta pivoted Zopper into a SaaS platform enabling consumer internet companies to distribute insurance products.<br /> <br /> According to startup data intelligence platform TheKredible, as of the Series C round, Tiger Global had a 28.39% stake in the company, followed by Nirvana Digital with 16%</div></div></div> <div class="col-md-12" style="margin-top: 10px;"> <h4>Read More :</h4> <p><a href="https://startup.siliconindia.com/startup-funding/celesta-capital-contributes-16-million-funding-boost-for--onecell-diagnostics--in-series-a-nwid-47679.html" style="font-weight:500;">Celesta Capital contributes $16 million Funding Boost for 'OneCell Diagnostics' in Series A</a></p> <p><a href="https://startup.siliconindia.com/startup-funding/fintech-startup--credflow--earns-37-million-in-preseries-b-nwid-47678.html" style="font-weight:500;">Fintech Startup 'CredFlow' earns $3.7 million in Pre-Series B</a></p> </div> </div> <!DOCTYPE html> 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.close:hover{color: #22418C ! important;} .about{ color: #2E4053; font-size: 14px; text-align: justify; font-weight: 500; } input:not([type="submit"]) { width: 25%; } </style> <div id="storyModal" class="modal" >  <div class="modal-content"> <div class="modal-header"> <span class="close" style="opacity: 1;color:white;font-size:30px;">×</span> <img src="https://www.siliconindia.com/images/simag_images/uploaded_images/embed_image/8l14My-story2.jpg" style="width: 100%;"> </div> <div class="modal-body"> <p class="about">If you are an entrepreneur or a startup founder with an interesting founding story, tell us and siliconindia startupcity may end up telling the whole world about it. startupcity encourages successful startups to share their success stories and get featured in our My Startup Journey section. startupcity empowers and inspires young entrepreneurs by delivering useful and original content to its readers. startupcity wants to hear about the latest and greatest startup stories that will motivate, and inspire aspiring entrepreneurs.<br/>startupcity welcomes your stories!</p> <form name="myform" id="myform" method="post" enctype="multipart/form-data"> <fieldset id="step1"> <div class="col-md-12 col-sm-12 col-xs-12" style="margin-bottom:15px;"> <div class="col-md-6 col-sm-12 col-xs-12"> <div class="col-md-4 col-sm-12 col-xs-12" align="left" style="padding: 0;"> <label style="font-size: 16px;margin: 10px;text-align: left;font-style: italic;">Name : </label> </div> <div class="col-md-8 col-sm-12 col-xs-12" style="padding: 0;"> <input class="form-control name" type="text" placeholder="Name" id="name" name="name" style="width: 100%;"> </div> </div> <div class="col-md-6 col-sm-12 col-xs-12"> <div class="col-md-4 col-sm-12 col-xs-12" align="left" style="padding: 0;"> <label style="font-size: 16px;margin: 10px;text-align: left;font-style: italic;">Email : </label> </div> <div class="col-md-8 col-sm-12 col-xs-12" style="padding: 0;"> <input class="form-control email" type="email" placeholder="Enter Your Email Address" id="email" name="email" style="width: 100%;"> </div> </div> </div> <div class="col-md-12 col-sm-12 col-xs-12" style="margin-bottom:15px;"> <div class="col-md-6 col-sm-12 col-xs-12"> <div class="col-md-4 col-sm-12 col-xs-12" align="left" style="padding: 0;"> <label style="font-size: 16px;margin: 10px;text-align: left;font-style: italic;">Company : </label> </div> <div class="col-md-8 col-sm-12 col-xs-12" style="padding: 0;"> <input class="form-control email" type="text" placeholder="Enter Your Company Name" name="company" id="company" style="width: 100%;"> </div> </div> <div class="col-md-6 col-sm-12 col-xs-12"> <div class="col-md-4 col-sm-12 col-xs-12" align="left" style="padding: 0;"> <label style="font-size: 16px;margin: 10px;text-align: left;">Website :</label> </div> <div class="col-md-8 col-sm-12 col-xs-12" style="padding: 0;"> <input class="form-control email" type="text" placeholder="Enter Website Link" name="website" id="website" style="width: 100%;"> </div> </div> </div> <div class="col-md-12 col-sm-12 col-xs-12" style="margin-bottom:15px;"> <div class="col-md-6 col-sm-12 col-xs-12"> <div class="col-md-4 col-sm-12 col-xs-12" align="left" style="padding: 0;"> <label style="font-size: 16px;margin: 10px;text-align: left;font-style: italic;">Headquarter:</label> </div> <div class="col-md-8 col-sm-12 col-xs-12" style="padding: 0;"> <input class="form-control email" type="text" placeholder="Enter Your Location" name="location" id="location" style="width: 100%;"> </div> </div> </div> <div class="col-md-12 col-sm-12 col-xs-12"> <input type="button" name="next" class="nextmod action-button" value="Next" align="center"> </div> </fieldset> <fieldset id="step2" style="display: none;"> <h2 class="fs-title">We would love to hear your thoughts...</h2>  <div class="form-group"> <label>1. How did you come up with the idea for your startup?</label> <textarea name="question1" id="question1" class="text-control"></textarea> </div> <div class="form-group"> <label>2. What was the hardest part in the early stages of the startup’s growth?</label> <textarea name="question2" id="question2" class="text-control"></textarea> </div> <div class="form-group"> <label>3. What are the services/solutions/products that the startup offers? Who are the targeted audiences?</label> <textarea name="question3" id="question3" class="text-control"></textarea> </div> <div class="form-group"> <label>4. What are your strengths and advantages over your competitors?</label> <textarea name="question4" id="question4" class="text-control"></textarea> </div> <div class="form-group"> <label>5. At the moment, how do you measure success? What are your metrics?</label> <textarea name="question5" id="question5" class="text-control"></textarea> </div> <div class="form-group"> <label>6. Is the company bootstrapped or funded? What milestones will the financing get you to?</label> <textarea name="question6" id="question6" class="text-control"></textarea> </div> <div class="form-group"> <label>7. What is the road map ahead? How are you planning to achieve it?</label> <textarea name="question7" id="question7" class="text-control"></textarea> </div> <div class="form-group"> <label>Key Management :</label> <textarea name="key_management" id="key_management" class="text-control"></textarea> </div> <div class="form-group"> <label>Founding Year :</label> <input class="form-control" type="text" placeholder="Founding year" name="founder" id="founder" style="width: 50%;"> </div> <div class="form-group"> <label>Milestones :</label> <textarea name="milestones" id="milestones" class="text-control"></textarea> </div> <div class="form-group"> <label>Awards/Recognition :</label> <textarea name="awards" id="awards" class="text-control"></textarea> </div> <div class="form-group"> <label>Clients :</label> <textarea name="clients" id="clients" class="text-control"></textarea> </div> <div class="form-group col-md-12 col-sm-12 col-xs-12" style="margin-bottom: 20px;"> <div class="col-md-4 col-sm-12 col-xs-12"> <label>Profile Image</label> <input type="file" name="photo" id="photo" accept="image/x-png,image/gif,image/jpeg" onchange="ValidateSize(this,'photo');" style="width: 100%;"> </div> <div class="col-md-4 col-sm-12 col-xs-12"> <label>Optional Image</label> <input type="file" name="photo1" id="photo1" accept="image/x-png,image/gif,image/jpeg" onchange="ValidateSize(this,'photo1');" style="width: 100%;"> </div> <div class="col-md-4 col-sm-12 col-xs-12"> <label>Optional Image</label> <input type="file" name="photo2" id="photo2" accept="image/x-png,image/gif,image/jpeg" onchange="ValidateSize(this,'photo2');" style="width: 100%;"> </div> </div> <input type="submit" name="submit" id="submit_story" class="submit action-button" value="Submit"> </fieldset> <div class="result" style="display: none;font-size: 16px;color: #086F4C;font-weight: bold;text-align: center;"></div> </form> </div> </div> </div> <script> // Get the modal var modal = document.getElementById('storyModal'); // Get the button that opens the modal var btn = document.getElementById("myBtn2"); // Get the <span> element that closes the modal var span = document.getElementsByClassName("close")[0]; // When the user clicks the button, open the modal btn.onclick = function() { modal.style.display = "block"; } // When the user clicks on <span> (x), close the modal span.onclick = function() { modal.style.display = "none"; history.go(0); } // When the user clicks anywhere outside of the modal, close it window.onclick = function(event) { if (event.target == modal) { modal.style.display = "none"; history.go(0); } } $(".nextmod").click(function(){ var name = $('#name').val(); var email = $('#email').val(); var mobile = $('#mob').val(); var company = $('#company').val(); var website = $('#website').val(); var location = $('#location').val(); var email_test = /^(([^<>()\[\]\\.,;:\s@"]+(\.[^<>()\[\]\\.,;:\s@"]+)*)|(".+"))@((\[[0-9]{1,3}\.[0-9]{1,3}\.[0-9]{1,3}\.[0-9]{1,3}\])|(([a-zA-Z\-0-9]+\.)+[a-zA-Z]{2,}))$/; var number =/^(1\s|1|)?(($\d{3}$)|\d{3})(\-|\s)?(\d{3})(\-|\s)?(\d{4})$/; var myRegExp =/^(?:(?:https?|ftp):\/\/)*(?:\S+(?::\S*)?@)?(?:(?!10(?:\.\d{1,3}){3})(?!127(?:\.\d{1,3}){3})(?!169\.254(?:\.\d{1,3}){2})(?!192\.168(?:\.\d{1,3}){2})(?!172\.(?:1[6-9]|2\d|3[0-1])(?:\.\d{1,3}){2})(?:[1-9]\d?|1\d\d|2[01]\d|22[0-3])(?:\.(?:1?\d{1,2}|2[0-4]\d|25[0-5])){2}(?:\.(?:[1-9]\d?|1\d\d|2[0-4]\d|25[0-4]))|(?:(?:[a-z\u00a1-\uffff0-9]+-?)*[a-z\u00a1-\uffff0-9]+)(?:\.(?:[a-z\u00a1-\uffff0-9]+-?)*[a-z\u00a1-\uffff0-9]+)*(?:\.(?:[a-z\u00a1-\uffff]{2,})))(?::\d{2,5})?(?:\/[^\s]*)?$/i; if(name =="") { alert("please Enter Your Name"); $('#name').focus(); return false; } else if(email =="") { alert("please Enter Your Email Address"); $('#email').focus(); return false; } else if(!email_test.test(email)) { alert("Enter the correct email Address"); $("#email").focus(); return false; } else if(company =="") { alert("please Enter Your Company Name"); $('#company').focus(); return false; } else if(website =="") { alert("please Enter Your Website link"); $('#website').focus(); return false; } else if(!myRegExp.test(website)) { alert("Enter the correct website Link"); $("#website").focus(); return false; } else if(location =="") { alert("please Enter Your Location"); $('#location').focus(); return false; } else { $('#step1').hide(); $('.about').hide(); $('#step2').fadeIn("slow").show(); } }); $("#myform").submit(function(e){ e.preventDefault(); var qtn1 = $('#question1').val(); var qtn2 = $('#question2').val(); var qtn3 = $('#question3').val(); var qtn4 = $('#question4').val(); var qtn5 = $('#question5').val(); var qtn6 = $('#question6').val(); var qtn7 = $('#question7').val(); var found_year = $('#founder').val(); var key_mgnt = $('#key_management').val(); var milestone = $('#milestones').val(); var award = $('#awards').val(); var client = $('#clients').val(); if(qtn1 =="") { alert("Please fill the detail"); $('#question1').focus(); return false; } else if(qtn2 =="") { alert("Please fill the detail"); $('#question2').focus(); return false; } else if(qtn3 =="") { alert("Please fill the detail"); $('#question3').focus(); return false; } else if(qtn4 =="") { alert("Please fill the detail"); $('#question4').focus(); return false; } else if(qtn5 =="") { alert("Please fill the detail"); $('#question5').focus(); return false; } else if(qtn6 =="") { alert("Please fill the detail"); $('#question6').focus(); return false; } else if(qtn7 =="") { alert("Please fill the detail"); $('#question7').focus(); return false; } else if(key_mgnt =="") { alert("Please fill the detail"); $('#key_management').focus(); return false; } else if(found_year =="") { alert("Please fill the detail"); $('#founder').focus(); return false; } else if(milestone =="") { alert("Please fill the detail"); $('#milestones').focus(); return false; } else if(award =="") { alert("Please fill the detail"); $('#awards').focus(); return false; } else if(client =="") { alert("Please fill the detail"); $('#clients').focus(); return false; } else { var name = $('#name').val(); var email = $('#email').val(); var mobile = $('#mob').val(); var company = $('#company').val(); var location = $('#location').val(); var qtn1 = $('#question1').val(); var qtn2 = $('#question2').val(); var qtn3 = $('#question3').val(); var qtn4 = $('#question4').val(); var qtn5 = $('#question5').val(); var qtn6 = $('#question6').val(); var qtn7 = $('#question7').val(); var photo = $('#photo').val(); var dataString = 'name='+ name + '&email='+ email +'&mobile='+ mobile + '&company='+ company +'&location='+location+'&qtn1='+ qtn1 +'&qtn2='+ qtn2 +'&qtn3='+ qtn3 +'&qtn4='+ qtn4 +'&qtn5='+ qtn5 +'&qtn6='+ qtn6 +'&qtn7='+ qtn7+'&photo='+photo; var formdata = new FormData(this); $.ajax({ type: 'POST', url: 'save_startup_story.php', data:formdata, contentType: false, processData:false, success: function (msg) { if(msg!=null) { $(".result").html(msg); $("#step2").hide(); $(".result").show(); history.go(0); //setTimeout(function() { $(".result").hide(); }, 5000); } } }); return true; } }); function ValidateSize(file,id) { var FileSize = file.files[0].size / 1024; 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Insurance-focused API Startup Zopper bags $25 million Funding in Series D