Online insurance startup Coverfox could get ₹64 crore from IFC
IFC, lending arm of World Bank, is reportedly investing around ₹64 crore in Mumbai-based insurance aggregator Coverfox.
IFC, lending arm of World Bank, is reportedly investing around ₹64 crore in Mumbai-based insurance aggregator Coverfox.
The funding will help the company to expand PolicyBazaar into international markets, beginning with the Middle East.
Coverfox is reportedly looking to shift its business focus towards term life insurance - a vertical that it launched on its platform just two months ago.