Zopper, an insurtech firm, is currently focused on scaling up its operations and may consider going public within the next three to five years, according to a top company official.
The company recently raised $25 million in growth capital from investors to help it expand and invest in cutting-edge technology.
"As a result, our business has a positive gross margin. But in a growth company, you continue to invest profits in future growth, as we have for many years," Zopper co-founder and Chief Operating Officer Mayank Gupta told PTI.
He also stated that the company is not looking to break even at this point, but rather to invest all of its earnings in expansion.
"If we want, we can break even today, but that will mean that we stop investing in the future, and growth will become stunted," he replied.
The B2B insurance infrastructure company is even considering inorganic growth strategies.
"We are not actively looking for acquisitions, but we continue to monitor the market. If there is an opportunity for Zopper to make that acquisition, we will certainly try to make it happen," he stated.
When asked about any IPO plans, he stated that "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 believe the time is right and we can offer high predictability to our investors." We are solely focused on strengthening our business and developing a predictable business model."
Zopper operates in 1,200 cities and has partnered with 40 insurance companies. The company has raised $125 million so far, with its most recent funding round raising $25 million in Series D in November 2024.
He also stated that the insurtech firm is focusing more on collaboration with banks, NBFCs, travel portals, consumer durable brands, and retail chains.
