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COVERFOX
Acko plans confidential IPO filing to raise $250 million; targets $2.5 billion valuationDigital insurer Acko is gearing up for a confidential IPO, aiming to raise approximately $250 million and seeking a valuation between $2-2....- Bajaj Allianz Life, Satin Creditcare partner to boost financial inclusion in rural IndiaBajaj Allianz Life and Satin Creditcare have partnered to improve financial inclusion in rural India. Customers can now secure loans with i...
- Coverfox investor steps in to run company on an interim basisCoverfox has also been on the lookout for fresh financing, to the tune of $50-$60 million, and had mandated Chinese investment banking majo...
- Paytm hires former Coverfox CEO after failed acquisition talksEarlier this month, Paytm said it is set to make a foray into the business of selling insurance products with subsidiary Paytm Insurance Br...
- Government proposes to allow 100% FDI in online insurance marketplaces like PolicyBazaar, CoverFoxFinance minister Nirmala Sitharaman said 100% FDI will be allowed for insurance intermediaries. The move is expected to benefit insurance a...
- Paytm in talks to acquire insurance marketplace company CoverfoxCoverfox offers both life and non-life insurance policies. It has 50,000 agents and offers products from 45 insurance companies.
- Coverfox’s parent company, Glitterbug, is out to raise $50 million in new roundThe company is in talks with investors; Series D equity-financing round could stretch to $60 million.
- IFC, Transamerica lead $22 million round in CoverfoxThe latest development comes almost 10 months after ET had reported in its edition dated June 12, 2017, that the Mumbai-headquartered compa...
- Coverfox shifts focus to term life insurance businessThe term life insurance business currently contributes to less than 1% of the entire revenue pie, with most of the topline being generated ...
- Insurance brokerage firm Coverfox raises $15 mn from Transamerica & othersThe latest round of equity financing values Coverfox between $70 million and $100 million, according to one of the sources cited earlier.
- Murthy-backed Coverfox eyes gen insuranceAcko is one of the four applications filed with the Insurance Regulatory and Development Authority to set up general insurance company
- Coverfox partners with Uber, looks to double revenue in a yearCoverfox will provide assistance in insurance policy purchases and facilitate car insurance solutions for Uber’s driver partners.
- Coverfox.com launches social media campaign to create awareness about insuranceThe intent is to encourage people to make a significant difference in the lives of those who usually lack the awareness about insurance.
- NearFox raises undisclosed amount in angel roundNearFox, which features hyperlocal and city news, city-wide events and a discussion platform for neighbour interaction, will use the procee...
- Coverfox launches Youtube videos for insurance remindersThe company has created 10 videos of 6.5 seconds duration each, hoping to be able to remind people about renewing insurance in a humorous f...
- Coverfox announces tie up with Oriental Insurance CompanyOriental Insurance has now decided to enter the online broker/aggregator distribution with partnerships with insurance technology start-ups...
- Coverfox.com launches doorstep claims service in MumbaiThe service ensures timely claims support with the help of third party auto service providers, with a promise to return car in three days.
- Coverfox eyes premiums worth Rs 1,000 crore in three yearsThe N R Narayana Murthy-backed start-up has about 70,000 policies till date and is growing at a steady clip of 20 per cent month-on-month i...
- Coverfox in talks with old & new investors for funds to back company’s expansion plans“We are currently reasonably well funded, but will start the fresh fundraise process in the next few months,” said Varun Dua.
- VC firms Accel, SAIF Partners invest Rs 76 crore in CoverfoxThe new round comes around six months after the startup raised its initial funding round from SAIF Partners and Accel India, who also parti...
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