Insurance Seller, Coverfox Secures INR 75 Crores From Accel, SAIF Partners

CoverFoxThe online insurance seller, Coverfox, has secured INR 75 crores ($12mn) in second round of funding from Accel US, Accel India and SAIF Partners.
The company plans to utilize the funds for further enhancing its technology platform, brand building through mass media advertising, bringing on board new insurance products, and scaling up its customer assistance unit.
Coverfox had earlier raised $2mn in a series A round from Accel India and SAIF.

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