Insurtech company Zopper is planning to scale its operations with a potential initial public offering (IPO) in the next three to five years, reported PTI.  

The company has raised a total of $125m, with the latest $25m secured in a Series D funding round in November 2024.  

In an interview with PTI, Zopper co-founder and chief operating officer Mayank Gupta said: “As such, our business has a positive gross margin. But in a growth company, you keep investing the profits into future growth, which we have also been doing for many years.  

“If we want, we can break even today, but that will mean that we stop investing in the future, and growth will become stunted.” 

Furthermore, Zopper is open to exploring inorganic growth opportunities to accelerate its expansion.  

Gupta stated: “We are not actively looking at any acquisition but keep doing a sense check of the market. If there is an opportunity for Zopper to make that acquisition, then we will surely try to make that happen.”  

Responding to the IPO plans, Gupta added: “A lot of new-age companies are getting listed and there’s confidence… 3–5 year (time horizon) for listing… we will consider going (public) only when we feel the time is right and we can offer high predictability to our investors. We are only focusing on strengthening our business and building a predictable business model.” 

He stated that the company also seeks to enhance its collaborations with various financial and commercial institutions including banks, non-banking financial companies, travel portals, consumer durable brands and retail chains. 

Zopper combines insurance and technology to offer end-to-end solutions to its partners. 

The company, which has a presence in 1,200 cities and partnerships with 40 insurance companies, partners with top insurance providers to create application programming interfaces designed to simplify insurance distribution, extend accessibility and strengthen the insurance.