Friday, February 10, 2017

Online insurance company Coverfox targeting from Rs 100 crore to Rs 1000 crore in 3 years

Online insurance portal Coverfox is targetting to scale up business from Rs 100 crore to Rs 1000 crore in 3 years.

The startup is backed by Infosys veteran N R Narayana Murthy. Currently it has about 70,000 policies till date and is growing at a steady clip of 20 per cent month-on-month in sales.


Also read: Ratan Tata said he will start investing in startups

The startup focuses on selling home, auto, health and travel insurance products, and is building its insurance product portfolio.

Varun Dua CEO of Coverfox said, We sell about 8,000 to 10,000 policies a month, and are seeing a steady growth of about 20 per cent month-on-month in sales.


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