Funding · Financial Services

IIRM Holdings raises ₹150 crore from two funds

By Startup Enthusiast · 1 August 2026

What they do

IIRM Holdings is a holding company for insurance broking, risk advisory and employee wellbeing services

It raised ₹1,500 million via equity and warrants led by Carpediem Capital and Sanshi Fund - I

The funds will fuel expansion, acquisitions and capital spending in a consolidating insurance market

IIRM Holdings India Ltd raised ₹150 crore through equity shares and fully convertible warrants.
The issue price was ₹143.28 per security.
Carpediem Capital and Sanshi Fund - I led the investment.
Proceeds will be used for business expansion, strategic acquisitions, capital expenditure and working capital.
The company plans to consolidate multiple insurance brokers in India and overseas.
The capital raise comes amid rising demand for insurance distribution and risk advisory across Asia.

India's insurance market is underpenetrated, creating opportunities for consolidation.
IIRM's scalable platform and experienced management attracted investor confidence.
The company already operates in five countries and serves over 2,000 corporate clients.

IIRM Holdings is a BSE-listed holding company based in Hyderabad.
Its flagship is India Insure Risk Management and Insurance Broking Services Private Limited, the first licensed insurance broker in India, operating since 2003.
It provides asset protection, risk advisory, employee wellbeing solutions and insurance distribution.
The company operates 18 offices and employs over 500 people.
It serves around 2,000 corporate clients and 100,000 retail customers.
It has 100+ reinsurer partner-relationships worldwide.
Operations span India, Singapore, Sri Lanka, Maldives and Kenya.

Carpediem Capital (lead) — A private equity firm focused on growth-stage companies.
Sanshi Fund - I (lead) — An investment fund founded by Saranya Agarwal.