Indian cloud computing software company Glitterbug Technologies, owner of insurance aggregator Coverfox, is seeking to secure about 350.23 crore rupees ($50 million) in equity funding.

Glitterbug Technologies is in discussions with several potential investors, particularly from China, the U.S. and UK. The new round is likely to be completed over the next two months.

Other backers including investment firm SAIF Partners, Catamaran Ventures, Infosys and Accel Partners are also expected to participate in the new round.

Coverfox, which in 2018 booked about $1.7 million in revenue, could be valued between $150 million to $200 million in the round.