COMPANY INTELLIGENCE PROFILE
SOLVY TECH SOLUTIONS PRIVATE LIMITED
Operating under the brand "Zopper," the company is a B2B insurtech / insurance-distribution-technology platform.
Zopper operates as a B2B insurtech platform under Solvy Tech Solutions Pvt Ltd, offering insurance distribution technology across various sectors, including consumer durables and e-commerce. The company partners with over 2,500 brands and financial institutions. Financially, it reported operating revenue of ₹100-150 Crore for FY ending 31 March 2025. Zopper raised $75 million in Series C funding in 2022 and $25 million in Series D in 2024. It holds an active charge with ICICI Bank for ₹30.0 Crore.
AI-generated, may contain errors.
Business Overview
- Operating under the brand "Zopper," the company is a B2B insurtech / insurance-distribution-technology platform.
- It provides API-enabled, IRDAI-aligned insurance distribution and embedded-insurance infrastructure across: consumer durables, device protection & extended warranty at point of sale, life insurance distribution, health insurance, incl. alumni-association health plans, bancassurance integration for lenders, and embedded insurance for travel/fintech/e-commerce platforms.
- States 2,500+ partner brands including banks, Bank of Baroda, Axis, ICICI, consumer-electronics OEMs, Samsung, Apple, Mi, and institutions.
- Footer of official site zopper.com attributes the legal entity as "Solvy Tech Solutions Pvt Ltd.", source: zopper.com
Sector & Classification
Computer Related Services; specific NIC code not obtained. Operates as an insurtech / insurance-distribution-technology platform (brand "Zopper").
Directors & Key Management
Directors — source notes
8 directors on record (source: Tofler): Mayank Gupta — Whole-time Director, Shareholder, DIN 02342876; Surjendu Sekhar Kuila — Managing Director, Shareholder, DIN 03560197; Bandi Nitish Prasad — Nominee Director, DIN 02327966; Gagandeep Singh Chhina — Nominee Director, DIN 07397540; Vishal Vijay Gupta — Nominee Director, DIN 01913013; Sambasivam Kailasam — Nominee Director, DIN 09782285; Anurag A Begwani — Nominee Director, DIN 10328838; Vikram Aniruddha Gawande — Director, DIN 02051597. Nominee directors typically represent investor board seats (consistent with the company's VC cap table).
GST Registrations
Partial / not fully confirmed. PAN AAPCS1780F is reported registered under 5 GST registrations across states (source: knowyourgst.com via search index). Individual GSTINs located: 09AAPCS1780F1Z0 (Uttar Pradesh), 37AAPCS1780F1Z1 (Andhra Pradesh), 33AAPCS1780F1Z9 (Tamil Nadu, state-code inferred). The home-state (Delhi, code 07) GSTIN could not be independently located/confirmed in this pass — flagged as a gap. Status/registration dates for the individual GSTINs were not accessible beyond the index listing.
Financials
SOLVY TECH SOLUTIONS PRIVATE LIMITED reported operating revenue between ₹100-150 Crore for the fiscal year ending 31 March 2025. Net worth increased by 18.04% year-over-year, while total borrowings decreased by 48.69%.
AI-generated, may contain errors.
| Partial — detailed audited figures are paywalled on Tofler (free tier). What is confirmed: FY ended 31 March 2025 operating revenue in the range ₹100-150 Crore, Tofler range-bucket, standalone basis implied | |
| Net worth changed | +18.04% YoY, absolute value not disclosed |
| Total borrowings changed | -48.69% YoY, absolute value not disclosed. EBITDA and PAT: not obtained, behind Tofler Pro paywall. Last balance sheet date: 31 March 2025 |
| Last AGM | 25 September 2024. No standalone-vs-consolidated distinction was disclosed in the free-tier data. Treat all financial figures here as directional only pending a primary MCA filing or paid-database confirmation. |
Funding History
| Confirmed via | 2+ independent sources. |
| Series C | $75 million raised ~September 2022, announced 19 Sep 2022 per TechCrunch, led by Creaegis, with participation from ICICI Venture, Bessemer Venture Partners and existing investor Blume Ventures — reported at the time as "one of the largest insurtech rounds in Asia", sources: Entrackr, Moneycontrol, TechCrunch, CNBC-TV18, LiveMint, Business Standard, VCCircle. |
| Series D | $25 million raised, announced 21 November 2024, led by Elevation Capital, Dharana Capital and Blume Ventures, taking total funding raised to over $115 million, sources: Entrackr, Moneycontrol. |
| No valuation figures were disclosed in any source found. | |
Loans & Charges
- One registered charge found (source: Tofler): Charge holder ICICI Bank Limited, amount ₹30.0 Crore, created/modified 11 July 2024, status shown as active, no satisfaction date disclosed, 1 loan associated with this charge-holder record.
- No other charge-holders were listed in the accessible data.
Legal & Compliance
- None found. A search on Indian Kanoon for "Solvy Tech Solutions Private Limited" and "Zopper" returned zero matching results (0 cases) at the time of this check.
Competitive Landscape
- India insurtech / insurance-distribution peers (named, 3-6): PolicyBazaar, large-scale online insurance aggregator/broker, listed entity, much larger consumer-facing scale
- Turtlemint, insurance distribution app for POSPs/agents, large scale
- InsuranceDekho, insurance comparison/brokerage platform, growth-stage
- RenewBuy, insurance distribution via agent network, growth-stage
- Acko, full-stack digital insurer, larger scale, different model — is itself an insurer not just distributor
- Digit Insurance, full-stack insurer.
- Note: Zopper's core model, B2B/API-enabled embedded-insurance & warranty infrastructure for banks/OEMs/e-commerce, differs somewhat from the more consumer-facing brokerage models of PolicyBazaar/Turtlemint/InsuranceDekho/RenewBuy — closer direct-model peers would be other embedded-insurance/warranty-infra players, which were not separately confirmed in this pass.
Frequently Asked Questions
What does the company Zopper do?
Operating under the brand "Zopper," the company is a B2B insurtech or insurance-distribution-technology platform. It provides API-enabled, IRDAI-aligned insurance distribution and embedded-insurance infrastructure across consumer durables, life insurance distribution, health insurance, bancassurance integration for lenders, and embedded insurance for various platforms.
What is the Corporate Identification Number (CIN) of Solvy Tech Solutions Pvt Ltd?
The CIN of Solvy Tech Solutions Pvt Ltd is U72200DL2010PTC211814.
When was Solvy Tech Solutions Pvt Ltd incorporated?
Solvy Tech Solutions Pvt Ltd was incorporated on 22 December 2010.
Where is the registered office of Solvy Tech Solutions Pvt Ltd located?
The registered office of Solvy Tech Solutions Pvt Ltd is located at 503, 5th Floor, Bhikaji Cama Bhawan, Bhikaji Cama Place, New Delhi - 110066.
What GSTINs are registered under PAN AAPCS1780F for Solvy Tech Solutions Pvt Ltd?
PAN AAPCS1780F is reported registered under 5 GST registrations. Located GSTINs include 09AAPCS1780F1Z0 in Uttar Pradesh, 37AAPCS1780F1Z1 in Andhra Pradesh, and 33AAPCS1780F1Z9 in Tamil Nadu.
Sources
Tofler (tofler.in) — identity, capital structure, directors/DINs, charges, related companies, financial range/AGM/balance-sheet dates; zopper.com (official site) — business overview, brand/domain/legal-entity confirmation, logo; Entrackr — Series D ($25M, 21-Nov-2024) and total funding (~$115M+); Moneycontrol — Series C ($75M) and Series D confirmation; TechCrunch, CNBC-TV18, LiveMint, Business Standard, VCCircle, Entrepreneur India — Series C ($75M, Sep 2022) corroboration; knowyourgst.com (via search index) — GST registration count and sample GSTINs; Indian Kanoon — legal search (no results found).
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.