Zopper Targets ₹1,000 Crore GWP In FY26 As It Eyes IPO In FY29

Insurance tech firm Zopper announced that it expects to close the current financial year with a Gross Written Premium (GWP) exceeding ₹1,000 crore. The company also confirmed plans to pursue a public listing in 2028–29, aligning with its long‑term growth roadmap.

Zopper has maintained a compound annual growth rate of 35% over the past 2 years, supported by performance in its core business verticals. The firm stated that disciplined execution and strengthening unit economics have contributed to consistent margin expansion.

Growth Momentum and Financial Performance

Zopper has recorded steady growth over recent years, achieving a 35% compound annual growth rate driven by its principal business segments. The company expects this trajectory to continue, projecting annual growth of 35–40% in the coming years.

Its financial performance has been reinforced by improvements in margins across the past 3 quarters, reflecting better operational efficiency. Cost stabilisation has also played a role in strengthening the business model. These developments have supported the company’s preparations for a planned IPO in FY29.

Strength Across Core Business Verticals

Growth has been led by Zopper’s device and appliance protection vertical, which remains one of its strongest revenue contributors. The firm also reported momentum in its health and life insurance distribution business.

Its Bancassurance SaaS platform has scaled rapidly, adding new partnerships across financial institutions. The company said that a balanced mix of fee‑based, commission‑led and technology‑driven income supports predictable expansion.

Platform Scale, Claims Handling and AI Adoption

Zopper stated that it has facilitated more than 1.5 million claims over the past 3 years, highlighting the scale of its insurance servicing platform. The company also supports post‑sales processes by assisting customers with documentation and insurer communication.

It has raised USD 125 million to date from prominent investors to fuel platform expansion. The firm has been integrating AI and Generative AI across underwriting, sales optimisation, fraud detection and customer servicing.

Expansion Plans and Organisational Strength

Zopper reported that it works closely with insurers across general, health and life insurance segments to design contextual insurance offerings. The company stated that it remains focused on sustainable growth, governance and long‑term value creation.

With a team of more than 600 professionals across technology, sales, strategy and operations, it is targeting deeper market penetration within India. Zopper also plans to pursue global expansion and strategic acquisitions in emerging markets. These initiatives align with its broader ambition of scaling ahead of the planned public listing.

Read More: RentoMojo Enters Next Phase of IPO Journey With Public Company Status.

Conclusion

Zopper expects to surpass ₹1,000 crore in GWP for the ongoing financial year, supported by strong performance across key verticals. Its consistent 35% growth rate, enhanced margins and operational efficiency underscore progress toward its long‑term goals.

AI adoption, platform scale and diversified income streams will continue to shape its expansion strategy. The company aims to strengthen market presence while preparing for an IPO planned for FY29.

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