• Indian online insurance startup Coverfox lands $22M led by World Bank's IFC and Transamerica

    6 monthes ago - By Tech Crunch

    Coverfox , one a handful of companies aiming to digitize insurance in India, has landed fresh funding via a $22 million Series C round that will be used to push into more rural parts of the country.
    The investment is led by IFC , a sister organization of World Bank, and U.S. insurance firm Transamerica with participation from existing investors SAIF Partners, Accel and Catamaran Ventures, the fund from Infosys co-founder Narayana Murthy. The company confirmed that the round was actually close in two phases, which explains why media reports around the Transamerica investment surfaced last...
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