Coverfox - About the company
Coverfox is a series C company based in Mumbai (India), founded in 2013 by Varun Dua, Sanjib Kumar Jha, Devendra Kumar Rane and Piyush Ranjan. It operates as a Provider of insurance distribution services for the lending ecosystem. Coverfox has raised $53.2M in funding from investors like Accel, IFC and Aegon, with a current valuation of ₹*****. The company has 2620 active competitors, including 107 funded and 225 that have exited. Its top competitors include companies like Turtlemint, Policybazaar and PB Fintech.
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 **********
- 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
$53.2M in 9 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Jul 25, 2019
Ranked
6th among 2620 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2026
Employee Count
87 as on May 01, 2026
Similar Companies
Legal entities associated with Coverfox
Coverfox 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 | ₹100 - ₹500 Cr (As on Mar 31, 2026) | 87 (As on May 01, 2026) |
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Coverfox's funding and investors
Coverfox has raised a total funding of $53.2M 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 has 12 institutional investors and 19 angel investors.
Here is the list of recent funding rounds of Coverfox:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
2025 | 7638 | Series C | 8772 | 4071 | 1871 | 3224 |
Jul 25, 2019 | 6292122 | Series C | 5158946 | 4354851 | 8893171 | 1041697 |
Jun 05, 2019 | 3487693 | Series C | 9081685 | 5290339 |
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Coverfox's founders and board of directors
Founder? Claim ProfileThe 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 |
|---|---|---|---|---|
cfmoynp | Team | - | Current | 3y 9m |
z{v{ocg | Team | - | Past | 4y 3m |
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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Coverfox's Competitors and alternates
Top competitors of Coverfox include Turtlemint, Policybazaar and PB Fintech. Here is the list of Top 10 competitors of Coverfox, 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 |  NerdWallet 2009, San Francisco (United States), Public | App-based comparison platform for financial products | $123M | 75/100 | |
5th | EverQuote 2011, Cambridge (United States), Public | Online comparison platform for automotive & other insurances | $37.6M | 75/100 | |
6th | Provider of insurance distribution services for the lending ecosystem | $53.2M | 73/100 | ||
7th | Meilleurtaux 1999, Paris (France), Acquired | App-based comparison platform for life and non-life insurance & loans | $22M | 73/100 | |
8th |  Insurify 2013, Cambridge (United States), Series B | Online comparison platform for car insurance | $154M | 72/100 | |
9th | Operator of online platform providing comparison services for insurance and finance | - | 68/100 | ||
10th | Policygenius 2014, New York City (United States), Acquired | App-based insurance comparison platform for individuals | $288M | 67/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Coverfox's competitors? Click here to see the top ones
Coverfox's Latest cap tables and shareholding
Angels own 21.50% and Other People (largest shareholder) own 78.50%.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Angel | 21.50% | 1.18Cr | 8510943 | 1321991 | 2410223 | 2886003 |
Other People | 78.50% | 4.31Cr | 3724430 | 1475856 | 7205370 | 9383123 |
Total | 100.00% | 5.48Cr | 2610494 | 1880763 | 1640474 | 1840809 |
To unlock detailed Cap Table of Coverfox 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's Shareholding
Coverfox's Investments and acquisitions
Coverfox has made no investments or acquisitions yet.
Reports related to Coverfox
Here is the latest report on Coverfox's sector:
News related to Coverfox
Filter this listMedia has covered Coverfox for a total of 2 events in the last 1 year, 2 of them have been about people movement.
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Coverfox Group announces Leadership elevations to strengthen Strategic Growth and Organisational Structure
Passionateinmarketing•May 19, 2026•Coverfox
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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
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Coverfox reduces monthly net burn by half between April 2020 to March 2021Business Line•Oct 21, 2021•Coverfox
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Inside Ifc-backed Coverfox’s Game Plan To Pop Up On Insurtech Radar AgainVCCircle•Aug 17, 2021•Coverfox
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Embibe, Navi Tech And Coverfox Secure Fresh FundingDeal Street Asia•Apr 06, 2020•Embibe Education, Navi Technologies, Reliance Industries, Coverfox
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Amidst woes, Coverfox receives Rs 30 Cr from parent entityEntrackr•Apr 04, 2020•Coverfox, Coverstack
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