When was Coverstack founded?

Coverstack was founded in 2010 and raised its 1st funding round 3 years after it was founded.

Where is Coverstack located?

Coverstack is headquartered in Mumbai, India. It is registered at C Wing, 5098-5099, 5th Floor, Oberoi Garden Estate, Chandivali Farm Road, Mumbai, Mumbai, Mumbai, Maharashtra, India, 400072.

Who is the current CEO of Coverstack?

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

Which legal entities is Coverstack associated with?

Coverstack is associated with COVERSTACK TECHNOLOGIES PRIVATE LIMITED.

How many employees does Coverstack have?

As of Sep 30, 2026, the latest employee count at Coverstack is 57.

Is Coverstack a funded company?

Coverstack is a funded company, having raised a total of $71.7M across 10 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Aug 05, 2013.

How much is Coverstack worth?

The latest valuation of Coverstack is $***** as of Oct 04, 2025.

When was the latest funding round of Coverstack?

Coverstack's latest funding was a $***** Series C round on Oct 03, 2025, with participation from 1 investor.

What is the annual revenue of Coverstack?

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

Where does Coverstack rank among its competitors?

Coverstack ranks 14th amongst 777 active competitors, of which 73 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was 180 Seguros, which secured $2.5M in Oct, 2025.

Who are the top competitors of Coverstack?

Coverstack's top competitors include Agentero, Wefox and Players Health. Among them, 180 Seguros secured the most recent funding round in October, 2025.

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

Company Details

Insurtech platform providing no-code, plug-and-play insurance infrastructure solutions. The platform helps non-banking financial institutions digitize their services, supports BFSI companies, aids companies in resource acquisition and transportation, provides tech support etc

Website: coverstack.in
Social
Registered Address: C Wing, 5098-5099, 5th Floor, Oberoi Garden Estate, Chandivali Farm Road, Mumbai, Mumbai, Mumbai, Maharashtra, India, 400072

Key Metrics

Founded Year

2010

Location

Mumbai, India

Stage

Series C

Total Funding

$71.7M in 10 rounds

Latest Funding Round

Series C, Oct 03, 2025, $*****

Post Money Valuation

$***** as on Oct 04, 2025

Investors

Accel & 13 more

Ranked

14^th among 777 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2026

Employee Count

57 as on Sep 30, 2026

Similar Companies

Agentero & 823 more

View Coverstack's full profile

Coverstack is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
COVERSTACK TECHNOLOGIES PRIVATE LIMITED CIN: U72200MH2010PTC210076 , India, Active	Nov 15, 2010	₹100 - ₹500 Cr (As on Mar 31, 2026)	56 (As on Apr 01, 2026)

Coverstack has raised a total funding of $71.7M over 10 rounds. Its first funding round was on Aug 05, 2013. Its latest funding round was a Series C round on Oct 03, 2025 for $*****. 1 investor participated in its latest round. Coverstack has 10 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Coverstack:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 03, 2025	6952871	Series C	5667574	4638410	6824878	1764730
2025	4098	Series C	6741	6668	2805	Elevar Equity
Dec 12, 2019	5910090	Angel	4214104	4793272	Varun Dua	4620743

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Coverstack's employee count trend

Coverstack has 57 employees as of Sep 26. Here is Coverstack's employee count trend over the years:

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Top competitors of Coverstack include Agentero, Wefox and Players Health. Here is the list of Top 10 competitors of Coverstack, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Agentero 2017, Berkeley (United States), Series A	App-based agency management solutions for insurance agents	$23.5M	Foundation Capital, Mundi Ventures & 7 others	67/100
2nd	Wefox 2015, Roggwil (Switzerland), Acquired	App-based P&C insurance comparison platform for individuals	$1.61B	Mubadala, Target Global & 62 others	61/100
3rd	Players Health 2012, Chicago (United States), Series C	Provider of insurance coverage and athlete safety risk management services	$100M	SiriusPoint, RPM Ventures & 14 others	60/100
4th	180 Seguros 2020, Brazil, Series A	Platform offering personalized home insurance solutions	$52M	8VC, Monashees & 9 others	60/100
5th	FIDX 2017, Berwyn (United States), Series B	Provider of technology solutions connecting brokerage, insurance, and advisory ecosystems	$15.9M	Prudential, Axonic Insurance Services & 2 others	58/100
6th	Zywave 1995, Milwaukee (United States), Acquired	Provider of cloud-based agency management solutions for the insurance industry	-	Manulife Investment Management, Vista Equity Partners ... & 2 others	58/100
7th	Keystone Agency Partners 2020, Harrisburg (United States), Acquired	Insurance agency management solutions for the insurance industry	-	Flexpoint Ford, Madison Capital Funding & 3 others	58/100
8th	Peak3 2018, Singapore (Singapore), Series A	Provider of cloud-based insurance platform	$35M	EQT, Alpha JWC Ventures	57/100
9th	Broker Buddha 2014, New York City (United States), Acquired	Cloud-based insurance sales and renewal processing solutions for insurance brokers	$10.5M	Vertex Ventures, SiriusPoint & 4 others	56/100
10th	Canopy Connect 2020, Beaverton (United States), Series A	Digital inventory for consumer insurance management	$6.5M	NevCaut Ventures, Elefund & 7 others	54/100
14th	Coverstack 2010, Mumbai (India), Series C	Insurtech platform providing no-code, plug-and-play insurance infrastructure solutions	$71.7M	Pratithi Investments, IFC & 12 others	53/100

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Founders own 5.90%, Funds own 29.46%, Enterprises (largest shareholder) own 35.30% and Angels own 6.52%. The net worth of Coverstack's founders is INR 31Cr as of Oct 04, 2025. The cap table displayed below is for COVERSTACK TECHNOLOGIES PRIVATE LIMITED which is the legal entity associated with Coverstack.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	5.90%	31Cr	85818	55287	14630	29507
Fund	29.46%	155Cr	8198932	6320381	2203435	9732293
Elevar Equity	1310939	3006502	6576136	3234237	7370562	6239946
Accel	0	0	0	0	0	0
IFC	0	0	0	0	0	0
AVANA Capital	0	0	0	0	0	0
Enterprise	35.30%	185Cr	9409826	1792953	1393619	1920146
Angel	6.52%	34.3Cr	931662	168148	964048	693963
Other People	6.20%	32.6Cr	999975	633567	699640	315350
ESOP Pool	16.61%	87.2Cr	2395105	6489773	7368809	8556336
Total	100.00%	525Cr	1713371	6028136	1391323	3786426