Zopper laid off about 100 staff in 2025, including its insurance team, post-Series D

Zopper provides APIs that let insurers distribute policies through partners like ecommerce marketplaces, via an embedded insurance suite.

That a leaner team can keep growing embedded-insurance APIs after the Series D while FY24 net loss reached INR 115.2 crore.

$121M raised in total, including a $25M Series D co-led by Elevation Capital and Dharana Capital.

Founded in 2011 by Surjendu Kuila and Mayank Gupta, Zopper built APIs for insurance distribution. Its last raise was a $25M Series D co-led by Elevation Capital and Dharana Capital, with Blume Ventures, and it said it was building a modern policy administration system. In FY24 operating revenue rose 170% to INR 438.7 crore and net loss rose 144% to INR 115.2 crore.

Inc42's sources said Zopper had laid off about 100 employees since the start of 2025. Earlier in the year it let go its entire 40-member insurance team and about 20 tech and product staff; in mid-April it laid off about 50 more from tech and product, the second round there. Management said only that it was trying to cut costs, and the startup offered a month's salary as severance. Zopper did not respond to Inc42's questions.

Management told staff the layoffs were to cut costs, according to sources.

FY24 net loss rose 144% to INR 115.2 crore even as revenue rose 170%.

The company let go its entire 40-member insurance team and two rounds of tech and product staff.

The cuts followed a $25M Series D by about five months.

Revenue growth of 170% did not stop a cost-cutting round when net loss grew almost as fast, so burn is what the board watches.

As of 2025-04-17 the layoffs were reported by sources only; Zopper had not commented and no new strategy was disclosed.