Amount Raised
$60 Million
Round Type
Funding Round
GurugramInsuranceDescription
Insurance marketplace InsuranceDekho has raised $60 million in its ongoing Series B funding round from Japanese financial services major Mitsubishi UFJ Financial Group, BNP Paribas Cardif, which put money through its insurtech fund, and Beams Fintech. The family office of Yogesh Mahansaria, managing director of Mahansaria Tyres, a major tyre manufacturer, also participated in the round.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitAlong with the new investors, funds also came from existing investors TVS Capital, Goldman Sachs Asset Management and Avataar Ventures.Also read | Decoding InsuranceDekho’s back-to-back funding rounds amidst a funding winterOverall, the company saw a 50% jump in valuation, post the round. While InsuranceDekho did not comment on the exact valuation, sources said the round valued the company at around $700 million to $750 million. The company claims to be profitable in its core distribution business, but given its ongoing investments in new business lines, overall it is still in losses
Quick answer
InsuranceDekho raised $60 Million in a Funding Round round, dated October 11, 2023. InsuranceDekho is based in Gurugram, Haryana, India.
- How much did InsuranceDekho raise?
- InsuranceDekho raised $60 Million in a Funding Round round on October 11, 2023.
- What does InsuranceDekho do?
- Insurance - Buy health & vehicle insurance policy online.
- Where is InsuranceDekho based and how big is it?
- InsuranceDekho is based in Gurugram, Haryana, India. Fundz records about 2,500 employees.
- Who are the decision-makers at InsuranceDekho?
- Fundz holds 1 contact at InsuranceDekho. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Insurance around the same time
Companies in the same sectors as InsuranceDekho that raised within 45 days of this round, from Fundz verified event records.
- AIH SUB raised $3M (Seed) on November 21, 2023.
- Nema raised $4.1M (Seed) on November 10, 2023.
- Diesta raised $2M (Seed) on November 9, 2023.
- Eleos raised $750K (Pre-Seed) on October 31, 2023.
- Assureful raised $1.5M (Pre-Seed) on October 26, 2023.
- Canopy Connect raised $6.5M (Series A) on October 25, 2023.
Who to call at InsuranceDekho, and when
A new round usually means InsuranceDekho is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day InsuranceDekho raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at InsuranceDekho, from your own LinkedIn network
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Fundz sees it the moment InsuranceDekho raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
InsuranceDekho raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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