Zopper

API-enabled embedded insurance distribution platform for banks, NBFCs, retailers, and digital ecosystems across India.

Distribution & Sales Growth Series D

Overview

Zopper is a Distribution & Sales insurtech platform enabling banks, NBFCs, microfinance institutions, e-commerce platforms, OEM dealer networks, and retail brands to embed insurance products into their customer-facing workflows through API integration. The company serves the Indian market under IRDAI regulation, covering life, health, and general insurance lines.

The platform provides a modular API suite covering KYC and verification, real-time quote and pricing, policy issuance and management, and claims processing. Partners use these components to launch insurance distribution without building compliance infrastructure from scratch. The company also offers tailored solutions for distinct verticals including consumer durables protection, bancassurance journeys, health plan enrollment, and group life distribution.

Founded in 2011 as a POS and merchant SaaS business, Zopper sold its retail IP to PhonePe in 2018 and relaunched as an insurance infrastructure company. It has since raised USD 125M+ over seven funding rounds from 27 investors, including a USD 75M Series C in September 2022 (Creaegis, Elevation Capital) and a USD 25M Series D in November 2024 (Elevation Capital, Dharana Capital, Blume Ventures). The platform reaches 2,500+ ecosystem partners across 1,200+ cities in India. Zopper was recognized on FinTech Global's InsurTech100 list in 2025 and won Best Insurtech at the Bharat Fintech Summit 2025.

Products & Services

Insurance Distribution API Platform

A comprehensive REST API suite that enables ecosystem partners to integrate insurance distribution into their existing workflows. The platform handles KYC and verification (Aadhaar/PAN checks, eKYC), real-time premium quoting, policy issuance, and claims management -- all within an IRDAI-compliant architecture.

Key Features

KYC and eKYC verification APIs for Aadhaar/PAN compliance
Real-time premium quoting and pricing APIs
Policy issuance and lifecycle management
End-to-end claims processing and settlement workflows

Target Users: Banks, NBFCs, fintechs, e-commerce platforms, travel companies

Embedded Insurance Solutions

Vertical-specific insurance products and distribution tools designed for consumer durables, bancassurance, health plan enrollment, and group life insurance distribution. Enables partners to offer multi-insurer product options within their existing customer journeys.

Key Features

Consumer durables protection and extended warranty at point of sale
Bancassurance integration into lending and servicing journeys
Alumni and group health plan enrollment and digital servicing
Multi-insurer aggregation across 25+ insurance company partners

Target Users: Retail brands, OEM dealer networks, educational institutions, banks

Insurance Management System (ZIMS)

A post-sales management platform for insurance distribution partners covering agent onboarding, policy lifecycle tracking, claims support, and analytics and reporting.

Key Features

Agent and partner onboarding and management
Policy lifecycle tracking and servicing
Claims support workflows
Reporting and analytics dashboards

Target Users: Insurers, distribution partners, brokers

At a Glance

Founded: 2011
Headquarters: Noida, Uttar Pradesh, India
Employees: 501-1000
Funding: Series D

Category & Focus

Category: Distribution & Sales
Subcategories: Embedded Insurance Insurance Distribution API Integration Policy Administration
Insurance Verticals: Life & Annuity P&C Personal Health
Target Customers: Carriers, Brokers, Banks