The online insurance marketplace developer will use the proceeds from the Transamerica-backed round for product development and expansion.
India-based online insurance portal developer Coverfox has received $22m in series C funding from investors including insurance provider Transamerica, TechCrunch reported yesterday.
The round was led by International Finance Corporation, the private investment arm of the World Bank, and also featured venture capital firms SAIF Partners and Accel, and VC fund Catamaran Ventures.
Coverfox runs an online platform that allows customers to compare quotes on auto, travel, life, home and health insurance from 35 partner providers.
Transamerica participated in the…
