About Coverstack
Coverstack is a company based in Mumbai (India) founded in 2010. Coverstack has raised $55.59 million across 6 funding rounds from investors including Accel, International Finance Corporation and Aegon. Coverstack offers products and services including B2C Stack, Lending Stack, POS/Agent Stack, Group Stack, and Brokerage Services. Coverstack operates in a competitive market with competitors including Wefox, Stubben Edge, Zywave, Keystone Agency Partners and Sixfold, among others.
- Headquarter Mumbai, India
- Stage Minicorn
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Sectors
Financial Services
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Phone
Locked
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Website
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Social
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- Legal Name Glitterbug Technologies Private Limited
- Date of Incorporation 15 Nov, 2010
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$380.67 K (USD)-69.45as on Mar 31, 2022
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Net Profit
-$984.25 K (USD)50.28as on Mar 31, 2022
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EBITDA
-$1.06 M (USD)-276.8as on Mar 31, 2022
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Total Equity Funding
$55.59 M (USD)
in 6 rounds
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Latest Funding Round
$988.41 K (USD), Angel Round
Dec 12, 2019
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Investors
Accel
& 9 more
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Employee Count
Not available
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Products & Services of Coverstack
Coverstack offers a comprehensive portfolio of products and services, including B2C Stack, Lending Stack, POS/Agent Stack, Group Stack, and Brokerage Services.
Enables launching digital insurance business quickly for consumers.
Offers insurance to borrowers through lending partners seamlessly.
Streamlines point-of-sale operations with all-in-one module.
Provides curated insurance solutions for customer groups.
Empowers businesses to offer compliant insurance solutions.
Manages issuance and claims with no client tech intervention.
Embeds insurance in product journeys for digital lenders.
Handles call centers and claims management externally.
Tracks claims from initiation to resolution via dashboard.
People of Coverstack
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Funding Insights of Coverstack
Coverstack has successfully raised a total of $55.59M across 6 strategic funding rounds. The most recent funding activity was a Angel Round of $988.41 thousand completed in December 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Coverstack
Coverstack has secured backing from 10 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Accel, International Finance Corporation and Aegon.
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Growth capital is provided to companies in China by SAIF Partners.
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Accel is recognized as a leading venture capital firm.
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Corporate-backed venture capital firm focused on fintech, healthcare, and multiple sectors
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Investor details for Coverstack
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Investments & Acquisitions by Coverstack
Investment portfolio details for Coverstack
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Financial Statements - Coverstack
Detailed financials for Coverstack
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Coverstack Comparisons
Peer comparison for Coverstack
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Competitors of Coverstack
Coverstack operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wefox, Stubben Edge, Zywave, Keystone Agency Partners and Sixfold, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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App-based P&C insurance comparison platform for individuals
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Cloud-based management solutions are provided for insurance brokers.
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Cloud-based agency management solutions are provided for the insurance industry.
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Insurance agency management solutions are provided to the industry.
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AI-based generative tools provider for insurance underwriters
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SME insurance portfolios are managed via an online broker platform.
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Detailed competitors of Coverstack
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Verified entity values are shown only after access is granted.
Latest news on Coverstack
Complete news archive for Coverstack
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Frequently Asked Questions about Coverstack
Coverstack was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Coverstack is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sanjib Jha is the current CEO of Coverstack.
Coverstack is a funded company, having raised a total of $55.59M across 6 funding rounds to date.
Annual revenue of Coverstack is $380.67K as on Mar 31, 2022.
Insurtech platform providing no-code, plug-and-play insurance infrastructure solutions. The platform helps non-banking financial institutions digitize their services, supports BFSI companies, aids companies in resource acquisition and transportation, provides tech support etc.
Coverstack's top competitors include Wefox, Stubben Edge and Agentero.
Coverstack offers B2C Stack, Lending Stack, POS/Agent Stack, Group Stack, and 5 more products and services.
Coverstack has 10 investors. Key investors include Accel, International Finance Corporation, Aegon, AVANA Capital, and Pratithi Investments.
The valuation of Coverstack is $103.35M as of Dec 2019.