Where is Coverfox located?

Coverfox is headquartered in Mumbai, India. It is registered at C Wing, 5100-5110, 5th Floor, Oberoi Garden Estate, Chandivali Farm Road,Chandivali, Andheri (East), Mumbai, Mumbai, Mumbai, Maharashtra, India, 400072.

Who is the current CEO of Coverfox?

Sanjib Kumar Jha of Coverfox. They have also founded 1 company and are angel investors in 2 startups.

Which legal entities is Coverfox associated with?

Coverfox is associated with COVERFOX INSURANCE BROKING PRIVATE LIMITED.

How many employees does Coverfox have?

As of May 01, 2026, the latest employee count at Coverfox is 87.

How much is Coverfox worth?

The latest valuation of Coverfox is $***** as of Jul 25, 2019.

What is the annual revenue of Coverfox?

Annual revenue of Coverfox is between ₹100 Cr and ₹500 Cr as on Mar 31, 2026

Where does Coverfox rank among its competitors?

Coverfox ranks 4th amongst 173 active competitors, of which 19 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was RenewBuy, which secured $1.91M in Feb, 2026.

Who are the top competitors of Coverfox?

Coverfox's top competitors include Turtlemint, Policybazaar and PB Fintech. Among them, RenewBuy secured the most recent funding round in February, 2026.

Coverfox - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of insurance distribution services for the lending ecosystem. The company embeds insurance products directly into the borrowing journey to provide coverage at the point of loan origination. It offers a wide range of insurance solutions, including credit life, personal accident, health, and wellness products, through partnerships with various insurance providers. The platform serves financial institutions, non-banking financial companies, and digital lenders by integrating insurance offerings into their existing workflows and distribution networks.

Website: www.coverfox.com/
Social
Email ID: *****@coverfox.com
Phone Number: +91 **********
Part Of
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

Funding Raised

Post Money Valuation

$***** as on Jul 25, 2019

Investors

NuVentures & 6 more

Ranked

4^th among 173 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2026

Employee Count

87 as on May 01, 2026

Similar Companies

Turtlemint & 1109 more

View Coverfox's full profile

Coverfox is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
COVERFOX INSURANCE BROKING PRIVATE LIMITED CIN: U66000MH2013PTC243810 , India, Active	May 30, 2013	₹100 - ₹500 Cr (As on Mar 31, 2026)	87 (As on May 01, 2026)

Coverfox is a funded company. Coverfox has 4 institutional investors and 3 angel investors.

View details of Coverfox's funding rounds and investors

The founders of Coverfox are Varun Dua, Sanjib Kumar Jha, Devendra Kumar Rane and Piyush Ranjan. Sanjib Kumar Jha is the CEO of Coverfox.

Here are the details of Coverfox's key team members:

Varun Dua: Former Co-Founder of Coverfox and founder of 3 other companies, AckoDrive, GlitterBug Technologies and ACKO. They are also an angel investor in 13 startups and serve on the boards of 2 companies.
Contact Info: 2 phone numbers
Sanjib Kumar Jha: Co-Founder, CEO & Managing Director of Coverfox and founder of 1 other company. 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
Devendra Kumar Rane: Former Co-Founder of Coverfox and founder of 1 other company.
Contact Info: 1 phone number
Piyush Ranjan: Co-Founder & CTO of Coverfox.

Coverfox's Board of Directors

Coverfox's board has 3 active members. Sanjib Kumar Jha and Shreyans Vijay are part of team and Anurag Mehrotra is independent board member.

Here is the list of Coverfox's board of directors:

Name	Type	Representing	Status	Duration
ygablse	Team	-	Current	4y 2m
{dfdvf{	Team	-	Past	7y 6m
Anurag Mehrotra	Independent board member	-	Current	13y 4m

View details of Coverfox's Founder profiles and Board Members

Coverfox's employee count trend

Coverfox has 87 employees as of May 26. The total employee count is 21.0% more than what it was in May 25. Here is Coverfox's employee count trend over the years:

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Top competitors of Coverfox include Turtlemint, Policybazaar and PB Fintech. Here is the list of Top 10 competitors of Coverfox, ranked by Tracxn score:

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	Peak XV Partners, Nexus Venture Partners ... & 15 others	81/100
2nd	Policybazaar 2008, Gurugram (India), Late Stage	Online marketplace for purchasing various types of insurance policies	-	Education Growth Partners, Chiratae Ventures ... & 13 others	76/100
3rd	PB Fintech 2008, Gurugram (India), Public	Provider of an online platform offering insurance and lending products through its flagship brands	$443M	Intel, SoftBank Vision Fund & 207 others	75/100
4th	Coverfox 2013, Mumbai (India), Funding Raised	Provider of insurance distribution services for the lending ecosystem	-	NuVentures, Aditya Birla Bizlabs & 5 others	66/100
5th	Ditto 2018, Bengaluru (India), Unfunded	Provider of insurance advisory services helping individuals understand and select insurance policies	-	-	62/100
6th	Bajaj General Insurance 2001, Pune (India), Unfunded	Provider of personal, commercial, MSME, government schemes, and rural insurance	-	-	58/100
7th	QuickInsure 2016, Pune (India), Series A	Provider of platform to compare and buy insurance policies online	$6.64M	Sachka International, Ace Lifestyle Sports Products ... & 13 others	58/100
8th	RenewBuy 2015, Gurugram (India), Series D	Retailer of insurance products, including health, life, motor, and OPD	$145M	Apis Partners, Mount Nathan Advisors & 36 others	58/100
9th	InsuranceDekho 2016, Gurugram (India), Series C	Provider of online insurance policy comparison and purchasing platform	$362M	Goldman Sachs Asset Management, West Street Global ... & 26 others	57/100
10th	PolicyX 2013, Gurugram (India), Unfunded	Provider of online comparison tools for health life term insurance	-	-	55/100

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COVERFOX INSURANCE BROKING PRIVATE LIMITED, the legal entity associated with Coverfox, generated between ₹100 Cr and ₹500 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of COVERFOX INSURANCE BROKING PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 237% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	4145	8088	9319	9609	4063
Total Sales	6820	2047	5174	1019	1135
Total Expenses	7982	7921	8179	6920	5516
Operating Expenses	3239	6312	9219	2289	8325
Employee Expenses	2498	5691	5872	2995	7930
Operating Income (EBIT)	6553	7207	5797	7768	4989
Interest Expenses	4432	7124	3228	4169	3915
Expenses from other activities	4887	2396	5240	6286	8262
EBITDA	6074	2622	8097	1563	7496
Taxes	1350	3032	1375	6783	2045
Net Profit	7467	3751	7853	7601	7174
Balance Sheet
Assets	4612	2017	7027	1583	9904
Accounts Receivables	7924	6859	2968	9121	3587
Inventory	1031	8168	7569	1142	6542
Liabilities	7702	1047	8183	8234	4001
Total Debt	4972	6783	5579	9220	8434
Accounts Payable	2480	8171	7593	3035	8819
Equities	7739	6778	6591	7660	6096

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Angels own 21.50% and Other People (largest shareholder) own 78.50%. The cap table displayed below is for COVERFOX INSURANCE BROKING PRIVATE LIMITED which is the legal entity associated with Coverfox.