Funding · Financial Services

InsuranceDekho raises Rs 38.57 crore from Goldman Sachs and others

By Startup Enthusiast · 19 January 2026

What they do

InsuranceDekho lets users compare and buy motor, life, health and travel insurance policies online

It raised Rs 38.57 crore (~$4.2 million) from Goldman Sachs, TVS Capital Funds and Eytukan Holdings via 1.37 million shares

The fundraising is part of a broader restructuring that will merge InsuranceDekho and RenewBuy under Artivatic Data Labs

InsuranceDekho raised Rs 38.57 crore (~$4.2 million) from Goldman Sachs, TVS Capital Funds and Eytukan Holdings via 1.37 million shares.
The fundraising is part of a broader corporate restructuring at CarDekho Group, which owns InsuranceDekho.
InsuranceDekho and Girnar Finserv (CarDekho group entities) are set to merge with RenewBuy and be housed under Artivatic Data Labs.
The Competition Commission of India (CCI) approved the merger plans in November 2025.
RenewBuy had acquired a controlling stake in Artivatic Data Labs in 2022.
InsuranceDekho and RenewBuy merged via a share swap in May 2025.
The combined entity is expected to have a premium book of Rs 6,000 crore, a five-fold increase over individual platforms.
InsuranceDekho was valued at Rs 5,400 crore and RenewBuy at Rs 1,800 crore in the deal.

InsuranceDekho reported a net loss of Rs 47.49 crore in FY25, swinging from a profit of Rs 85.71 crore in FY24.
Revenue jumped 73% to Rs 1,290.75 crore in FY25, but advertising expenses grew 170% to Rs 259 crore.
The company's EBITDA turned negative: a loss of Rs 32 crore in FY25 versus a profit of Rs 92 crore in FY24.
InsuranceDekho's CEO said in March 2025 the company was eyeing an IPO in the next 18 months, potentially listing in early FY27.
Rival Turtlemint received SEBI approval for its IPO in December 2025, seeking up to Rs 2,000 crore.

InsuranceDekho offers motor, life, health and travel insurance products for comparison and purchase.
It claims to cover 98% of India's PIN codes and serve over 15 million customers.
The platform provides 5-minute policy issuance and a dedicated support team.
InsuranceDekho competes with Policybazaar, ACKO and Turtlemint in insurance distribution.

InsuranceDekho CEO said in March 2025 the company was eyeing an IPO in the next 18 months, with a potential listing in early FY27.
CarDekho, Cars24 and Spinny are also preparing for IPOs over the next 12-18 months.

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