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Coverfox

Coverfox Insurance Broking Private Limited Mumbai, Maharashtra Founded 2013 coverfox.com ↗

Coverfox is an IRDAI-authorised online insurance broking platform that helps customers compare, purchase, and manage car, bike, health, term life, travel and business insurance policies, partnering with over 40 insurers for pre-negotiated pricing and providing claims support.

Varun Dua · Co-founder Devendra Rane · Co-founder (CTO, resigned Feb 2020)
$54.89 MnTotal funding (tracked)
6Funding rounds
24 Jul 2019Last round
130Team size (sourced)

Coverfox: Funding Rounds

Date Round Amount Investors Source
24 Jul 2019 Series C ₹40 Cr ($5.89 Mn) Accel Partners Aegon Digital Investments Elevation Capital International Finance Corporation (IFC) Transamerica Ventures source
18 Apr 2018 Series C $22 Mn International Finance Corporation (IFC) Transamerica Accel Partners Catamaran Ventures Elevation Capital source
12 Jun 2017 Series C $15 Mn Transamerica source
31 May 2016 Debt Undisclosed InnoVen Capital source
15 Sep 2015 Series B Undisclosed Catamaran Ventures source
24 Apr 2015 Series B $12 Mn Accel Partners Elevation Capital source

News on Coverfox

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FAQs on Coverfox

Who founded Coverfox?

Coverfox was founded by Varun Dua, Devendra Rane in 2013.

How much funding has Coverfox raised?

Coverfox has raised $54.89 Mn across 6 tracked funding round(s), most recently on 2019-07-24. Figures are compiled from cited public sources.

Who are the investors in Coverfox?

Investors in Coverfox include Accel Partners, Aegon Digital Investments, Elevation Capital, International Finance Corporation (IFC), Transamerica Ventures, Transamerica, Catamaran Ventures.

What does Coverfox do?

Coverfox is an IRDAI-authorised online insurance broking platform that helps customers compare, purchase, and manage car, bike, health, term life, travel and business insurance policies, partnering with over 40 insurers for pre-negotiated pricing and providing claims support.

Where is Coverfox headquartered?

Coverfox is headquartered in Mumbai, Maharashtra, India.

What is Coverfox's business model?

Coverfox's core value proposition centers on Simplify insurance buying, Pre-negotiated insurer discounts, End-to-end claims settlement support.

How does Coverfox make money?

Coverfox's cited revenue streams include Brokerage/commission income, Rewards commission.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: www.coverfox.com · Last verified 15 Jul 2026. · Report a correction