+4%

est. 2Y upside i

InsurTechSeries D+

Rank

#1973

Sector

InsurTech

Est. Liquidity

~3Y

Data Quality

Data: Medium

The expected upside over 2 years is modest at 3.6% net of dilution, with a 35% chance of significant loss (-68.6%).

Last updated: July 19, 2026

Bull (15%)+138%

If Zopper capitalizes on insurance distribution with partners like Amazon, and maintains growth, exit multiple could expand to 5x on $59M revenue for $295M exit. Common residual after $125M preference yields 197% gross, net 137.6% after 20% dilution.

Base (50%)+14%

Exit multiple converges to 3.5x, exit value $206.5M. Common gets $81.5M after preference, yielding 42.4% gross, net 13.9% after dilution.

Bear (35%)-69%

Exit multiple compresses to 2.5x, exit $147.5M. Common residual $22.5M, a 60.7% loss gross, net -68.6% after dilution.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

6870%

Total funding $125M on $182M valuation implies $57M common equity; 1x non-participating liquidation preference creates severe common downside.

Dilution Risk

moderate

Likely pre-IPO round or option pool expansion could dilute common by 15-20% over 2 years.

Secondary Liquidity

none

No secondary market activities reported; liquidity unlikely before IPO.

Questions to Ask at the Interview

Strategic questions based on Zopper's data — designed to show you've done your homework.

  • 1

    “How does Zopper plan to achieve profitability before IPO?”

  • 2

    “What is the total addressable market for embedded insurance in India and Zopper's current share?”

  • 3

    “How does the preference stack affect employee equity value, and are there any secondary sale programs?”

Community

Valuation Sentiment

Our model estimates +4% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.