News From Press Insurance brokerage firm Coverfox raises $15 mn from Transamerica & others

Insurance brokerage firm Coverfox raises $15 mn from Transamerica & others

Source: Economic Times Jun 13, 2017

Glitterbug Technologies, which owns and operates online insurance brokerage Coverfox, has raised about Rs 96 crore ($15 million) in its series-C round, led by US insurer Transamerica, with its existing investors also participating.

The Mumbai-headquartered company, which competes with the likes of Tiger Global and PremjiInvest-backed PolicyBazaar, as well as Unilazer Ventures-backed EasyPolicy, is also in discussions with Fosun Kinzon Capital, the VC unit of Chinese conglomerate Fosun International, according to multiple sources.

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