Coverfox Insurance - About the company
Coverfox Insurance is a series C company based in Mumbai (India), founded in 2013 by Devendra Kumar Rane. It operates as a Provider of platform to compare and purchase various insurance policies online. Coverfox Insurance has raised $55.1M in funding from investors like Accel, IFC and Aegon, with a current valuation of $*****. The company has 769 active competitors, including 97 funded and 122 that have exited. Its top competitors include companies like Turtlemint, Policybazaar and PB Fintech.
Company Details
Provider of platform to compare and purchase various insurance policies online. The platform offers options for car, bike, health, and life insurance. It facilitates policy comparisons and provides claim assistance. The platform also offers nominee assistance and express claim services for eligible customers.
- Website
- www.coverfox.com/
- Social
- Email ID
- *****@coverfox.com
- Phone Number
- +91 **********
- Registered Address
- C Wing, 5100-5110, 5th Floor, Oberoi Garden Estate, Chandivali Farm Road,Chandivali, Andheri (East), Mumbai, Mumbai, Mumbai, Maharashtra, India, 400072
Key Metrics
Founded Year
2013
Location
Mumbai, India
Stage
Series C
Total Funding
$55.1M in 9 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jun 12, 2017
Ranked
9th among 769 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2025
Employee Count
88 as on Aug 31, 2025
Similar Companies
Legal entities associated with Coverfox Insurance
Coverfox Insurance is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
COVERFOX INSURANCE BROKING PRIVATE LIMITED CIN: U66000MH2013PTC243810 , India, Active | May 30, 2013 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 88 (As on Aug 01, 2025) |
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Coverfox Insurance's funding and investors
Coverfox Insurance has raised a total funding of $55.1M over 9 rounds. Its first funding round was on Aug 05, 2013. Its latest funding round was a Series C round on 2025 for $*****. 1 investor participated in its latest round. Coverfox Insurance has 12 institutional investors and 19 angel investors.
Here is the list of recent funding rounds of Coverfox Insurance:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
2025 | 4517 | Series C | 7951 | 8741 | 9174 | 2321 |
Jul 25, 2019 | 5695971 | Series C | 9939607 | 4385757 | 8363827 | 9625984 |
Jun 05, 2019 | 2505971 | Series C | 1928295 | 6479228 |
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Coverfox Insurance's founders and board of directors
Founder? Claim ProfileThe founders of Coverfox Insurance is Devendra Kumar Rane. Sanjib Kumar Jha is the CEO of Coverfox Insurance.
Here are the details of Coverfox Insurance's key team members:
- Devendra Kumar Rane: Former Co-Founder of Coverfox Insurance. They serve on the board of 1 company.Contact Info: 1 phone number
- Sanjib Kumar Jha: Former Co-Founder of Coverfox Insurance. They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info: 1 email address and 2 phone numbers
Coverfox Insurance's Board of Directors
Coverfox Insurance's board has 2 active members. Sanjib Kumar Jha and Devendra Kumar Rane are part of team.Here is the list of Coverfox Insurance's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
lilfv{v | Team | - | Past | 8y 8m |
cmlighr | Team | - | Past | 9y 8m |
tjztzfg | Team | - | Past | 2y 4m |
zwvpoxb | Team | - | Past | 4y 4m |
pqfen{{ | Team | - | Past | 4y 7m |
hwlrfmb | Investor | - | Past | 6y 9m |
View details of Coverfox Insurance's Founder profiles and Board Members
Coverfox Insurance's employee count trend
Coverfox Insurance has 88 employees as of Aug 25. The total employee count is 31.0% more than what it was in Aug 24. Here is Coverfox Insurance's employee count trend over the years:
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Coverfox Insurance's Competitors and alternates
Top competitors of Coverfox Insurance include Turtlemint, Policybazaar and PB Fintech. Here is the list of Top 10 competitors of Coverfox Insurance, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Turtlemint 2015, Mumbai (India), Public | Provider of platform for comparing and purchasing insurance, loans, and funds | $220M | 82/100 | |
2nd |  Policybazaar 2008, Gurugram (India), Late Stage | Online marketplace for purchasing various types of insurance policies | - | 76/100 | |
3rd |  PB Fintech 2008, Gurugram (India), Public | Provider of an online platform offering insurance and lending products through its flagship brands | $443M | 75/100 | |
4th | EverQuote 2011, Cambridge (United States), Public | Online comparison platform for automotive & other insurances | $37.6M | 74/100 | |
5th |  NerdWallet 2009, San Francisco (United States), Public | App-based comparison platform for financial products | $123M | 73/100 | |
6th |  Insurify 2013, Cambridge (United States), Series B | Online comparison platform for car insurance | $154M | 73/100 | |
7th | Policygenius 2014, New York City (United States), Acquired | App-based insurance comparison platform for individuals | $288M | 72/100 | |
8th | Meilleurtaux 1999, Paris (France), Acquired | App-based comparison platform for life and non-life insurance & loans | $22M | 71/100 | |
9th | Coverfox Insurance 2013, Mumbai (India), Series C | Provider of platform to compare and purchase various insurance policies online | $55.1M | 71/100 | |
10th | Confused.com 2002, Cardiff (United Kingdom), Public | App-based comparison platform for life and P&C insurances | - | - | 71/100 |
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Coverfox Insurance's Latest cap tables and shareholding
Founders (largest shareholder) own 62.14%, Angels own 37.23% and Other People own 0.64%. The net worth of Coverfox Insurance's founders is INR 3.41Cr as of Aug 05, 2013.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 62.14% | 3.41Cr | 2186880 | 6959232 | 7619189 | 1358842 |
6243128 | 9602027 | 9033551 | 2430191 | 5664697 | 4901309 | |
Angel | 37.23% | 2.04Cr | 6779839 | 8106886 | 3775328 | 1423803 |
Other People | 0.64% | 3.51L | 0 | 0 | 0 | 0 |
Total | 100.00% | 5.48Cr | 1964800 | 3320657 | 6614376 | 3700206 |
To unlock detailed Cap Table of Coverfox Insurance Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Coverfox Insurance's Shareholding
Coverfox Insurance's Investments and acquisitions
Coverfox Insurance has made no investments or acquisitions yet.
Reports related to Coverfox Insurance
Here is the latest report on Coverfox Insurance's sector:
News related to Coverfox Insurance
Filter this listMedia has covered Coverfox Insurance for 1 event in last 1 year, It was about people movement.
•
Coverfox hires former VC investor executive to lead business strategyVCCircle•Aug 25, 2026•Coverfox Insurance
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Mathieu Peyron Appointed Ceo France of +simpleNews Assurances pro•Apr 04, 2023•PlusSimple, PwC, QuinStreet, EverQuote and 3 others
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Insurtech brand Coverfox Group announces closure of its on-ground POS operationsExpress Computer•Dec 07, 2022•Coverfox Insurance
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Insurtech company Coverfox turns around, eyes 3x biz in FY23Indiatimes•Feb 21, 2022•Coverfox Insurance
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Coverfox reduces monthly net burn by half between April 2020 to March 2021Business Line•Oct 21, 2021•Coverfox Insurance
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Embibe, Navi Tech And Coverfox Secure Fresh FundingDeal Street Asia•Apr 06, 2020•Embibe Education, Navi Technologies, Reliance Industries, Coverfox Insurance
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Amidst woes, Coverfox receives Rs 30 Cr from parent entityEntrackr•Apr 04, 2020•Coverfox Insurance, Coverstack
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Avaana Capital co-founder takes over reins at India's CoverfoxAsian Venture Capital Journal•Mar 25, 2020•Avaana Capital Advisors, Coverfox Insurance
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