Mumbai-based online insurance brokerage platform Coverfox has received an INR 40 Cr ($5.89 Mn) capital infusion from its existing investors. Coverfox has issued Series C5 compulsorily convertible preference shares (CCPS) to investors such as International Finance Corporation, Aegon Digital Investments, Transamerica Ventures, Accel India and SAIF Partners. Coverfox offers its users proprietary technology and algorithm-based platform to compare and buy a range of policies across top insurance companies.
Coverfox Receives INR 40 Cr From Existing Investors In Ongoing Series C Round
Date posted: Thursday 25 July 2019