The online insurance startup counts Transamerica, SAIF Partners, Accel Partners and Catamaran Ventures as among its investors. Ltd, which owns online insurance platform Coverfox, has raised $22 million in a Series C funding round led by International Finance Corp. (IFC), the investment arm of the World Bank Group, and existing investor Transamerica. Earlier in 2015, Coverfox had raised $12 million in its Series B round, and earlier in 2011, $2 million in its Series A round. Apart from offering insurance products, the firm also handles insurance claims and settlements through its platform. Mint reported recently that Paytm will launch a separate app to offer insurance products under its brand name.

Source: Mint April 18, 2018 23:26 UTC