Saurabh Vijayvergia

Co-Founder

Mumbai, Maharashtra, India22 yrs 1 mo experience

Highly Stable

Key Highlights

Over 15 years in investment banking and business development.
Successfully acquired 5.3 million customers in less than a year.
Founder of innovative insurance platform CoverSure.

Stackforce AI infers this person is a Fintech leader with extensive experience in investment banking and insurance innovation.

Contact

saurabhvv@gmail.com LinkedIn

Skills

Core Skills

InsuranceBusiness DevelopmentInvestment StrategyStrategyInvestment Banking

Other Skills

BankingBloombergBusiness StrategyBusiness ValuationCapital MarketsConsumer Sector FocusCorporate FinanceCustomer AcquisitionDCFDerivativesDigital ChannelsDue DiligenceEmerging MarketsEquitiesEquity Capital Markets

About

With over 15 years of experience in investment banking, investing and business development, I am passionate about creating solutions that address the core consumer problems. As the Founder and CEO of CoverSure, I lead the innovation, product strategy, team building, and growth partnerships, with the vision of making insurance accessible, affordable, and convenient for everyone. Prior to CoverSure, I was the CEO of Hello Zindagi, a micro-insurance platform co-owned by Generali & Future, where we successfully acquired more than 5.3 million unique customers in less than a year, despite the challenges of the COVID-19 pandemic. I also collaborated with various stakeholders to create and sell distinctive micro-insurance products through digital and physical channels, and to create a mobility ecosystem that resulted in a high conversion rate for motor insurance. I enjoy learning new things and meeting new people. I am also an avid cricketer, traveller, and a single malt aficionado.

Experience

Coversure

Founder & CEO

Jan 2023 – Present · 3 yrs 2 mos · Mumbai, Maharashtra, India

Building an insurance platform that you'll love!
Grateful to be riding front row on a ship captained by rockstars.

Hello zindagi

2 roles

Chief Executive Officer

Promoted

Dec 2020 – Jan 2023 · 2 yrs 1 mo

Right place but wrong time!
Perfect opportunity but COVID & beyond.
D2C in insurance, a Generali & Future group venture.
Acquired >5.3mn unique customers amidst difficult COVID times in less than a year
India's first platform for selling motor insurance on WhatsApp - fastest and fully automated
High value & simple micro-insurance products deployed across India, 5-second checkout & sold physically
Built a unique mobility ecosystem that resulted in over 6% conversion rate for motor insurance.

Micro-insuranceCustomer AcquisitionDigital ChannelsMobility EcosystemInsuranceBusiness Development

CFO & Head - Strategy

Jan 2019 – Dec 2020 · 1 yr 11 mos

Led the concept as a Founder from zero
Pitched to Generali global & regional teams and FG
Worked with McKinsey for them to evaluate feasibility
Raised $3.5mn
Operationalised with an execution team.
Prior to this, learnt as an observer on the board of Future Generali insurance businesses.

FundraisingStrategic PlanningTeam ManagementInvestment StrategyBusiness Development

Papadmalji agro foods pvt ltd

Director

Jul 2018 – Aug 2022 · 4 yrs 1 mo · Bikaner, Rajasthan, India

Every household looks for a good papad and there are only a few such good ones. Invested in a unique Papad brand from 'Bharat'. Worked closely with the Founder to scale it up.

Panchamrit

Director

Aug 2017 – Aug 2022 · 5 yrs

Panchamrit is a modern products company based on Ayurveda & ancient concoctions' based treatments. Seed invested in the business and mentored from being a sole proprietorship to professionally-run company.

Future group india

Head - Strategy & Investor Relations

Oct 2016 – Mar 2019 · 2 yrs 5 mos · Mumbai

Inarguably, a house of most loved consumer & retail brands in India.
The experience was like being an integral part of India's largest consumer R&D & growth lab with the best minds.
Led the Strategy function alongside maverick Founders & leadership team. Executed large transformational deals which included acquisitions, fund raise and exits. Acquired six businesses and helped in integrating a few, alongside marquee execution team.

Strategic PlanningInvestor RelationsStrategyBusiness Development

Hsbc bank

Associate Director - Investment Banking

Jul 2014 – Jun 2016 · 1 yr 11 mos · Mumbai

Joined HSBC as part of a small team to build mid-markets focussed Investment Banking practice. Worked alongside rockstar Bankers to deliver success in a short timeframe. Consumer & Retail sector focus approach.

Investment BankingConsumer Sector FocusBusiness Development

Religare

2 roles

Director Investment Banking

Promoted

Apr 2012 – Jun 2014 · 2 yrs 2 mos · Mumbai

Founding team member of an attempt to build an Emerging Markets' focussed investment bank.
Joined alongside few of the most respected bankers in India and SEA.
Absolute ground-up build-out.
Highest revenue grosser in the team for two consecutive years in India IB.
Focus sector: Consumer & Retail.
#Coverage #M&A #Capital Markets #FinancialSponsors

Investment BankingEmerging MarketsBusiness Development

Vice President Investment Banking

Mar 2009 – Mar 2012 · 3 yrs · Mumbai

Consumer & Retail Sector focus

Bank of america merrill lynch

Associate

Oct 2007 – Feb 2009 · 1 yr 4 mos · Mumbai Area, India

Back in those days, India's largest IB practice.
Integral part of the team which has passed over leaders to many marquee organisations of today!
Worked on few very complex M&A / Capital Market transactions

Icici securities

2 roles

Assistant Vice President - Investment Banking

Promoted

Apr 2007 – Oct 2007 · 6 mos

Associate - Investment Banking

Jul 2004 – Mar 2007 · 2 yrs 8 mos

Foundation years in Investment Banking
Learnt the art of capital markets, at perhaps the engine of Capital Markets in those days
IPO / QIP / GDR / ADR / Private Equity