Zopper has raised $25 million in Series D funding round, co-led by Elevation Capital, Dharana Capital. The round also saw participation from existing investor Blume Ventures. Zopper is also backed by Creaegis, Bessemer Venture Partners, ICICI Venture.
Zopper will use this fresh funding to ramp up its digital technology infrastructure, by strengthening its Insurance Distribution platform. The company will also invest in its Data Science, Data Engineering and Artificial Intelligence and Machine Learning capabilities. The funds will also accelerate growth in the current bancassurance solutions and enhance the post sales and servicing capabilities for Zopper’s device and appliance protection businesses.