Free weekly newsletter

Get the free weekly executive digest

The new leadership moves, who’s behind them, and what they mean — delivered to your inbox every week. No credit card, unsubscribe anytime.

Weekly Digest

New leadership moves, summarized for you

Straight to Inbox

No login, no app to check — it comes to you

Leadership Trends

See who's moving and how much in your market

No credit card required Weekly executive digest

Insurance Dekho Appoints Manish Mahajan As Chief Business Officer and Sonali Mitra As Vice President

PRIVATEAug 23, 2024•almost 2 years ago

Position

Vice President

Company

InsuranceDekho

Sonali Mitra

GurugramInsurance

Description

InsuranceDekho has made a series of high-impact leadership appointments aimed at strengthening its leadership team to drive innovation, customer centricity, and operational excellence. The appointments include Manish Mahajan as Chief Business Officer - Consumer Business and Sonali Mitra as Vice President leading strategic projects in the Founder's office.

Company Information

Company

InsuranceDekho

Location

Gurugram, Haryana, India

About

According to Agrawal, by FY25, the company expects to hit a healthy mix of 50% premiums coming from motor, with the rest being contributed by other categories. The company is looking to exit FY23 disbursing total premiums of Rs 2,000 crore and to achieve an annualised premium run-rate of Rs 3,500 crore by the end of the current quarter. The company is looking to turn profitable on an earnings before interest, taxes, depreciation, and amortization (Ebitda) level by the end of this quarter, and looks to be profitable on a full-year basis, in FY24. Of the total funding, $110-$120 million is the equity portion, valuing InsuranceDekho at $450-$500 million post-money, sources aware of the deal told ET. Founded in 2016 by Agrawal and Ish Babbar, InsuranceDekho enables customers to compare various insurance policies and helps them purchase the most suitable plan. InsuranceDekho has an on-ground force of almost 80,000 insurance advisors which sell and distribute insurance products from the platform.

Related People

Suggested for you

Choose your plan to reveal verified contacts

Predictive Intelligence

Strategic

ML-powered predictions for InsuranceDekho's next move

Learn about Strategic plan

Executive Insights

Based on hiring data

New executive impact window

87% of new executives make significant technology decisions within first 100 days

Budget influence

C-level executives control 73% of technology spending decisions

Transformation catalyst

65% of new senior hires launch digital transformation initiatives

Vendor review timeline

New executives typically review existing vendors within 6 months