Zopper
Zopper is an India-based API-first InsurTech platform founded in 2011 that enables banks, insurers, consumer electronics OEMs, fintechs, and educational institutions to distribute and service insurance products through embedded APIs across five verticals: consumer durables protection, life, health, bancassurance, and embedded insurance.
- Company typePrivate
- Founded2011
- HeadquartersNoida, India
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What Zopper does
Zopper (legally Solvy Tech Solutions Private Limited) is an India-headquartered InsurTech platform founded in 2011 that provides API-first insurance distribution infrastructure across five verticals: consumer durables protection, life insurance, health insurance, bancassurance, and embedded insurance. The company's core technology is a multi-insurer API platform with 5,000+ live production APIs, 99.9% uptime SLA, real-time policy issuance, and IRDAI-compliant workflow automation. Proprietary components include ZENOVA (an agentic bancassurance operating layer launched March 2026 that embeds suitability checks and regulator-grade audit trails into bank transactions) and computer-vision-enabled touchless claims processing.
The company operates a B2B platform business model, earning revenue through three streams: insurance distribution commissions on policies sold through partner channels, recurring SaaS platform fees for enterprise partners accessing its API infrastructure, and claims processing and servicing fees. Its go-to-market is API-first enterprise sales targeting banks (30+ partnerships including Bank of Baroda, Axis Bank, RBL Bank), insurers (40+ including HDFC Life, ICICI Prudential, Allianz, AXA), OEMs and consumer electronics brands (Xiaomi, Samsung, Apple, Nothing), fintechs (Paytm, Jio), and alumni associations (35+ premier Indian institutes). Distribution reach spans 19,000+ Indian pincodes with offline-ready capability for rural penetration through 1,300+ MFI Kendras.
Zopper has raised approximately $125 million in total funding, with a $75 million Series C in September 2022 led by Creaegis and backed by ICICI Venture, Bessemer Venture Partners, Blume Ventures, and Tiger Global. The company reports 10M+ cumulative policies issued, 2,500+ brand partners, 35% CAGR over the past two years, and expects Gross Written Premium exceeding ₹1,000 crore (~$120M) by end of FY26. It has announced IPO ambitions targeting FY29 (2028-29) and plans geographic expansion into Southeast Asia and GCC regions. The company employs 501-1,000 people across offices in Noida (headquarters) and New Delhi.
Zopper firmographics
Firmographics- Name
- Zopper
- Legal name
- Solvy Tech Solutions Private Limited
- Website
- https://zopper.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Zopper is an India-based API-first InsurTech platform founded in 2011 that enables banks, insurers, consumer electronics OEMs, fintechs, and educational institutions to distribute and service insurance products through embedded APIs across five verticals: consumer durables protection, life, health, bancassurance, and embedded insurance.
- Ownership category
- akta.pro rank
Zopper industry classification
Industry- Product category
- InsurTech / Insurance Distribution Platform
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)
Keywords
Where Zopper is headquartered
LocationHeadquarters
- HQ city
- Noida
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Zopper business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Insurance Distribution Commission: Zopper earns commission fees for distributing insurance products (device protection, extended warranties, life insurance, health insurance, bancassurance) through its platform. Revenue is generated through transaction-based take rates on policies sold through partner channels.
- SaaS Platform Fees: Annual or subscription-based fees for access to Zopper's insurance infrastructure platform, APIs, and technology stack for enterprise partners including banks and insurers.
- Claims Processing Services: End-to-end claims management and servicing fees for device protection plans, extended warranties, and insurance policies distributed through the platform.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Contact-based enterprise pricing |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels9 records
Zopper product offering
Product offeringCore offering
Zopper is an API-first insurtech platform that provides insurance distribution infrastructure across five verticals: consumer durables protection, life insurance, health insurance (alumni programs), bancassurance, and embedded insurance. The company enables banks, insurers, OEMs, retailers, fintechs, and educational institutions to embed and distribute insurance products through a multi-insurer platform with AI-powered suitability analysis, automated reconciliation, and IRDAI-compliant workflows.
Product overview
Zopper is an API-first insurtech platform offering a comprehensive insurance distribution infrastructure. The platform operates across five core verticals: Consumer Durables Protection (device protection and extended warranties), Life Insurance Distribution (retail and group life insurance with AI-driven suitability), Health Insurance (alumni group health programs for premier institutes), Bancassurance (enabling banks to distribute insurance with compliance automation), and Embedded Insurance (integration for fintechs, travel, and e-commerce). Key products include ZENOVA (agentic bancassurance operating layer launched March 2026) and Zopper Assure (extended warranty brand). The company has raised ~$125 million in funding, works with 40+ insurers and 2,500+ brands, and has processed 10M+ policies across 19,000+ pincodes.
Differentiator
Problem solved
Functional benefit
Products and services
- Bancassurance Platform API-first, regulatory-compliant platform enabling banks to distribute insurance products through their lending and servicing journeys, with embedded suitability checks and automated reconciliation for IRDAI and RBI compliance.
- Consumer Durables Protection Device protection and extended warranty programs for consumer electronics and appliances, integrating at point-of-sale with POS-integrated APIs and end-to-end claims workflows.
- Life Insurance Distribution Plug-and-play platform digitizing the entire policy journey from lead to issuance, featuring AI-driven suitability analysis, CKYC integration, and compliant automation for retail and group life insurance.
- Health Insurance (Alumni Programs) Group health insurance programs for premier institute alumni, featuring personalized coverage options, end-to-end program management, and privacy-ensured data handling.
- Embedded Insurance Insurance integration platform for fintechs, travel brands, and digital platforms, enabling frictionless insurance embedding in checkout flows with smart journeys and 360-degree customer views.
- ZENOVA India's first agentic bancassurance operating layer that embeds suitability checks, disclosure, and evidence generation into every insurance sale, creating regulator-grade audit trails to reduce mis-selling risk.
- Zopper Assure Extended warranty and protection plan brand offering same-day repair services, on-site repairs, and coverage for consumer electronics and appliances.
- Nothing Care Powered by Zopper Device protection plans co-created with Nothing India, where Zopper powers the protection-plan infrastructure, technology platform, operations, and servicing workflows.
- Insurance Infrastructure API Set of APIs enabling insurance distribution, including POS-integrated APIs for real-time policy issuance, eKYC verification, automated suitability checks, and claims processing, with 5K+ live production APIs and 99.9% uptime SLA.
Quantifiable outcome
- 90% faster policy issuance through intelligent automation, eKYC, and real-time validation
- +10 more outcomes
Companies that use Zopper
Customer profileNamed customers18 records
Segments5 records
Ideal customer profiles5 records
Zopper technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability12 records
Feature10 records
Zopper partnerships and signals
Strategic signalPartnerships
26 partnerships are on record, tiered core, major and minor.
- NothingcoreZopper partnered with London-based Nothing for a year-long strategic collaboration to co-create and distribute device protection plans under 'Nothing Care Powered by Zopper' brand. Partnership launched with pilot in Mumbai on June 2, 2026, with phased rollout across Maharashtra and West region. Zopper powers protection-plan infrastructure, technology platform, operations, and servicing workflows while Nothing owns customer relationship and brand program.
- HDFC LifecoreHDFC Life is partnered with Zopper for life insurance distribution through the platform, enabling digital distribution with AI-powered suitability analysis.
- ICICI Prudential LifecoreICICI Prudential Life Insurance distributes products through Zopper's digital platform with real-time verification and compliance automation.
- Birla Life InsurancemajorBirla Life Insurance partners with Zopper for life insurance distribution leveraging the platform's multi-insurer infrastructure.
- Allianz LifemajorAllianz Life Insurance utilizes Zopper's API-first platform for insurance distribution and lead management.
- AXA Life InsurancemajorAXA Life Insurance partners with Zopper for digital distribution of insurance products.
- India First Life InsurancemajorIndia First Life Insurance distributes products through Zopper's platform for expanded reach.
- Go DigitmajorGo Digit Life Insurance leverages Zopper's digital platform for insurance distribution.
- Bank of BarodacoreBank of Baroda utilizes Zopper's bancassurance platform for insurance distribution across bank branches and digital channels.
- Axis BankcoreAxis Bank distributes insurance products through Zopper's embedded digital stack integrated into banking journeys.
- Indian BankmajorIndian Bank utilizes Zopper's platform for insurance distribution across regional branches.
- RBL BankmajorRBL Bank leverages Zopper's bancassurance platform for insurance product sales.
- Equitas Small Finance BankmajorEquitas Small Finance Bank uses Zopper's platform for insurance distribution to underserved markets.
- Ujjivan Small Finance BankmajorUjjivan Small Finance Bank distributes insurance products through Zopper's digital platform.
- Bank of MaharashtramajorBank of Maharashtra utilizes Zopper's platform for insurance distribution in rural and semi-urban areas.
- Bandhan BankmajorBandhan Bank distributes insurance through Zopper's embedded insurance platform.
- PaytmmajorPaytm embeds insurance products through Zopper's platform, enabling insurance at point of transaction.
- JiomajorJio integrates Zopper's insurance solutions for embedded insurance distribution.
- AtlysminorAtlys partners with Zopper for insurance distribution through fintech platform.
- Samsung IndiacoreSamsung India offers device protection and extended warranties through Zopper's platform at point of sale.
- XiaomicoreXiaomi partnered with Zopper to shift from basic warranties to full-stack device protection with various coverage offerings.
- Apple IndiacoreApple India offers device protection plans through Zopper's platform.
- Reliance DigitalmajorReliance Digital embeds device protection and extended warranties through Zopper's platform.
- CromamajorCroma offers Zopper's consumer durables protection plans at retail point of sale.
- IIT Madras Alumni AssociationcoreIIT Madras Alumni Association partnered with Zopper for alumni health insurance, covering 50K+ alumni and 200K+ family members.
- India's Largest MFIcoreLeading microfinance institution serving millions across rural India partnered with Zopper for insurance cross-sell, achieving 75% reduction in manual workflows and 7K+ daily run rate.
Scale indicators14 records
Recent moves8 records
Expansion highlights6 records
Zopper competitors and assessment
Company assessmentDirect peers
- PolicyBazaar (PB Fintech): India's largest online insurance aggregator and distribution platform, connecting customers to multiple insurers across life, health, and general insurance. Most direct peer to Zopper's insurance distribution platform, though Zopper's focus is B2B/embedded while PolicyBazaar is largely B2C.
- InsuranceDekho (coverfox): Indian insurance distribution platform enabling comparison and purchase across insurers. Comparable to Zopper in acting as a multi-insurer intermediary layer, with overlapping customer segments in life, health, and motor distribution.
- RenewBuy: Indian insurtech offering multi-line insurance distribution via digital channels and partnerships. Comparable to Zopper's API-first distribution model and focus on tier 2/3 India markets.
- WeFox: Global insurtech platform enabling insurance distribution and management for partners and brokers. Closest international analog to Zopper's API-first multi-insurer distribution infrastructure model.
- Cover Genius: Global embedded insurance distribution platform serving e-commerce, fintech, and retail partners via APIs. Closest international peer to Zopper's embedded insurance vertical and OEM/fintech channel strategy.
Emerging players
- Acko General Insurance: India's leading digital-native insurer with embedded distribution partnerships (OEMs, ride-hailing, e-commerce). Competes with Zopper in the embedded insurance space and on OEM relationships, but Acko underwrites its own policies while Zopper is a pure distribution platform.
- Onsurity: Indian employee health benefits and group insurance platform serving SMEs. Comparable to Zopper's alumni/health insurance vertical in distributing group health policies through employer/institution channels.
- Plum: India-based employee benefits and group health insurance insurtech serving startups and SMEs. Overlaps with Zopper's group health distribution motion and bancassurance-style employer channel play.
- Lemonade: AI-driven insurtech using behavioral economics and digital distribution, listed in InsurTech100 alongside Zopper. Comparable on technology-led insurance model and embedded partnerships, though Lemonade is a carrier and US-listed.
Broad incumbents
- Digit Insurance: Tech-first Indian insurer offering life, health, motor and SME products through digital channels. Listed on Zopper's insurer partner roster and also competes with Zopper where it controls distribution directly.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Zopper social profiles
Digital presenceZopper compliance and trust
Trust signalCompliance2 records
Zopper financial estimates
Financial estimateRevenue estimate
Valuation estimate
Zopper leadership team
Management profileNumber of profiles
Profiles7 records
Zopper funding detail
Funding detailFunding overview
Funding rounds6 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Zopper M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Zopper
What does Zopper do?
Zopper is an API-first insurtech platform that provides insurance distribution infrastructure across five verticals: consumer durables protection, life insurance, health insurance (alumni programs), bancassurance, and embedded insurance. The company enables banks, insurers, OEMs, retailers, fintechs, and educational institutions to embed and distribute insurance products through a multi-insurer platform with AI-powered suitability analysis, automated reconciliation, and IRDAI-compliant workflows.
Is Zopper a public or private company?
Zopper is a private company. It is classified as venture growth investor backed and is currently operating.
When was Zopper founded?
Zopper was founded in 2011. It employs 501 to 1,000 people.
Where is Zopper based?
Zopper is headquartered in Noida, India, in the Asia region.
How does Zopper make money?
Three revenue lines are on record. Insurance Distribution Commission is the primary driver. The others are saaS Platform Fees and claims Processing Services.
Who are Zopper's main competitors?
Direct peers on record are PolicyBazaar (PB Fintech), InsuranceDekho (coverfox), RenewBuy, WeFox and Cover Genius. Emerging players are Acko General Insurance, Onsurity, Plum and Lemonade. Digit Insurance is listed as a broad incumbent.
Does Zopper have an API?
Yes. Zopper offers an API-first insurance infrastructure platform with 1000+ APIs shipped and 5K+ live production APIs deployed. The platform enables real-time policy issuance, eKYC integration, automated suitability checks, claims processing, and commission tracking. APIs support various insurance distribution channels including consumer durables, life insurance, health insurance, bancassurance, and embedded insurance. The platform claims 99.9% uptime SLA. Developer documentation is at www.zopper.com.
What industry is Zopper in?
Zopper's product category is InsurTech / Insurance Distribution Platform. Its primary akta.pro industry code is FSAGAGAL, Embedded Insurance & Affinity Distribution Platforms. Its NAICS code is 5242 and its SIC code is 6411.