Insurance Dekho Appoints Divya Mohan As Chief Human Resources Officer the Economic Times

Company

Location

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.