InsuranceDekho a Gurugram based startup raised $60 Million in a Series B funding rounds.

InsuranceDekho

InsuranceDekho is a Gurugram-based insurtech platform that has raised $60 million in a Series B funding round. The round was led by Mitsubishi UFJ Financial Group (MUFG), BNP Paribas Cardif, Beams Fintech Fund, and Yogesh Mahansaria Family Office. Existing investors TVS Capital, Goldman Sachs Asset Management, and Avataar Ventures also participated in the round.

The company plans to use the fresh funds to boost its marketing activities, further expand its distribution presence in the Indian hinterland, scale up its tech platform, explore inorganic growth opportunities, and launch new initiatives like reinsurance.

InsuranceDekho is a one-stop shop for all insurance needs, offering a wide range of products from leading insurers. The company has a strong focus on making insurance accessible to underserved and underinsured segments of the population. It has a network of over 150,000 agents who help customers compare and choose the right insurance policies.

The company has seen rapid growth in recent years. In FY23, it posted a revenue of Rs 96.5 crore, up from Rs 47.9 crore in FY22. The company is on track to achieve a premium of Rs 3,600 crore in FY24.

InsuranceDekho's Series B funding is a significant milestone in the company's journey. The fresh funds will help the company to accelerate its growth and achieve its mission of making insurance accessible to all Indians.

Tags : #startups #investment #funding #fundingupdates #insurtech #technology #business #entrepreneurs

Startups

InsuranceDekho a Gurugram based startup raised $60 Million in a Series B funding rounds.

Tags : #startups #investment #funding #fundingupdates #insurtech #technology #business #entrepreneurs

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