Funding · Financial Services

InsuranceDekho raising up to $100 million

By Startup Enthusiast · 27 January 2025

What they do

InsuranceDekho helps customers compare and buy motor, health, travel, and pet insurance

It is raising up to $100 million led by existing investors C Investments, Beams Fintech Fund and MUFG Bank

The startup is merging with RenewBuy and posted Rs 85.71 crore profit in FY24

InsuranceDekho is raising up to $100 million in a new funding round.
The round is led by existing investors C Investments, Beams Fintech Fund and MUFG Bank Limited.
An unnamed Indian bank is also participating in the round.
The company has already raised Rs 122 crore (~$14.5 million) in this round.
C Investments contributed Rs 63.2 crore, Beams Fintech Fund Rs 9.5 crore, and MUFG Bank Rs 49.3 crore.
The valuation is expected to be in the $750-800 million range.
This funding comes 15 months after its Series B round of $60 million.

InsuranceDekho is merging with RenewBuy, pending regulatory approvals.
The company posted Rs 85.71 crore profit in FY24, up from Rs 96.5 crore revenue in FY23.
Revenue grew seven-fold to Rs 743.6 crore in FY24.

InsuranceDekho helps customers compare and buy motor, health, travel, and pet insurance.
It also offers investment plans such as ULIP, child, fixed deposit, and retirement plans.
The platform works with most insurance providers and has direct integration with nearly 50 companies.
It claims to issue policies in 5 minutes and has served over 145,000 claims.
The company has 17 million+ happy customers and a Google rating of 4.7.

C Investments (lead)
Beams Fintech Fund (lead)
MUFG Bank Limited (lead) — Part of Mitsubishi UFJ Financial Group (MUFG), an earlier investor.
Unnamed Indian bank (participated)

Product: An online insurance platform for comparing and buying policies across major categories
Customers: Consumers buying insurance, with insurers and distribution partners paying for access and distribution
How it makes money: Earns commissions and distribution revenue from policies sold through its platform and partner network
What sets it apart: Large AI-enabled distribution network with nationwide partner coverage and a broad insurer base
Operations: Operates through digital partners and point-of-sale agents across India

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