Following on from last month’s announcement that India will soon have its next insurtech unicorn, commercial insurer Zopper has announced that it has raised $75 million in its latest Series C raise led by Creaegis, bringing its total funding to $96 million. “If you look at the penetration of insurance in India today, it’s just 3 to 4%,” said Surjendu Kuila, founder and chief executive of Zopper, in an interview. “If you’re trying to bring new people to the fold of insurance, you just cannot sell them schemes that are priced above $37 to $50 a year.”

Source: Techcrunch

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