Surjendu Kuila (Zopper)
Overview
Surjendu Kuila is a prominent Indian entrepreneur, best known as the co-founder and CEO of Zopper, a leading insurtech platform in India. Zopper specializes in bridging the gap between insurance providers and customers through embedded insurance solutions. This platform allows third-party vendors to offer insurance as a part of their existing product or service offerings. Under Kuila’s leadership, Zopper has grown to become a critical player in the digital insurance landscape of India, collaborating extensively with numerous insurance companies and business partners to enhance insurance distribution across the country.
Recent Developments
In recent years, Zopper, under the guidance of Surjendu Kuila, has achieved significant milestones:
- November 2024: Zopper announced a successful Series D funding round, raising $25 million co-led by Elevation Capital and Dharana Capital. The funding aims to enhance Zopper's technology infrastructure, particularly focusing on its insurance distribution platform and AI/ML capabilities.
- 2023-2024: The company has been steadily expanding its digital infrastructure and strengthening its insurance distribution model, making strategic advancements in technology and service delivery.
- September 2022: Zopper raised $75 million in Series C funding, led by Creaegis with participation from ICICI Venture and Bessemer Venture Partners. The funds were allocated to bolster their SaaS platform and facilitate international expansion.
- Continual Growth in Partnerships: As of 2024, Zopper has collaborated with over 40 insurance companies and more than 2,500 ecosystem players, utilizing its proprietary platform to improve insurance accessibility and distribution efficiency.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Surjendu Sekhar Kuila |
| Born | Unknown |
| Nationality | Indian |
| Occupation | Entrepreneur, CEO of Zopper |
| Known For | Co-founding Zopper, an insurtech platform |
| Education | Bachelor of Architecture from IIT Roorkee |
Early Life and Education
Surjendu Kuila’s early life and educational background laid the foundation for his entrepreneurial journey. Raised in India, Kuila pursued higher education at the Indian Institute of Technology (IIT) Roorkee, where he completed a Bachelor of Architecture in 2000. This academic environment, known for fostering innovation and critical thinking, played a pivotal role in shaping his career path toward technology and entrepreneurship.
Career and Notable Achievements
Surjendu Kuila co-founded Zopper in 2011 alongside Mayank Gupta. Over the years, he has transformed Zopper into a major player in India's insurtech sector. Notable achievements include:
- Expansion and Partnerships: Successfully establishing partnerships with major corporations across various sectors to facilitate embedded insurance solutions.
- Technological Innovation: Leading Zopper in the creation of a comprehensive API-based platform that integrates seamlessly with existing systems, thus enhancing the insurance purchase experience for end-users.
- Funding Milestones: Overseeing the company through multiple successful funding rounds, including a $75 million Series C and a $25 million Series D round.
Current Work and Impact
Currently, as CEO of Zopper, Surjendu Kuila is focused on further advancing the company's technological capabilities and broadening its market presence both within India and internationally. The company's strategic focus on AI, machine learning, and data science positions Zopper as a forerunner in transforming insurance distribution, aiming to fulfill India’s broader vision of comprehensive insurance coverage by 2047.
Surjendu Kuila Net Worth
While exact figures regarding Surjendu Kuila's net worth are not publicly disclosed, his leadership and successful ventures, particularly with Zopper, suggest considerable financial success, especially in light of the substantial investments received by the company.
Conclusion
Surjendu Kuila’s entrepreneurial journey with Zopper highlights his significant role in the insurtech industry in India. By effectively leveraging technology to simplify insurance distribution, Kuila is contributing towards increasing insurance penetration in India. His strategic leadership continues to guide Zopper in its mission to innovate and enhance accessibility to insurance, paving the way for future growth and impact in the financial technology landscape.