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Coverfox raises $15M from Transamerica & existing investors

  Online insurance company Coverfox has raised $15 million (about Rs 96 crore) in a Series C round of funding from US-based insurer Transamerica, with participation from existing investors, reports The Economic Times. In April 2015, Coverfox had raised $12 million in its second round of funding from Accel US, and existing investors Accel India and SAIF Partners, who had previously invested $2 million in a series A round of funding in the platform. A few months later, in September 2015, Coverfox had received an undisclosed amount in funding from Narayan Murthy's private investment firm Catamaran. Coverfox provides a platform for users to search, compare, buy and manage insurance, including car insurance, bike insurance, health insurance, travel insurance and term life insurance. Interestingly, Coverfox co-founder Varun Dua, who has since moved on from the company, has founded the digital general insurance company Acko General…

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