InsuranceDekho raised $150 million in Series A which was a mix of equity and debt where equity round was led by Goldman Sachs Asset Management and TVS Capital Funds, Investcorp, Avataar Ventures and LeapFrog Investments also participated.
InsuranceDekho is an insurance aggregator that allows customers to compare insurance quotes from various insurance providers and select the best policy for their needs. InsuranceDekho will use the new funds to expand its product offerings, enter new markets, grow its MSME-focused insurance business, and expand its leadership team, as well as pursue inorganic growth opportunities. According to an Inc42 report, India’s fintech market is anticipated to grow $1.3 Tn by 2025. Of this, insurtech as a subsegment was estimated to grow at a CAGR of 57% to become $339 Bn space by the forecasted period.
