IPO · Financial Services

InsuranceDekho weighs $400M IPO in Mumbai

By Startup Enthusiast · 16 February 2026

What they do

InsuranceDekho is an online platform to compare and buy insurance policies

The company is considering a $400M IPO in Mumbai later in 2026, including new shares and secondary sales

India's IPO market has slowed in 2026 after two record years, with recent listings showing subdued demand

InsuranceDekho is considering a $400M IPO in Mumbai.
The IPO likely includes new shares and secondary sales by existing investors.
The IPO could take place later in 2026.
The company has held discussions with investment banks; advisers are expected in the coming weeks.

India's IPO market has slowed in 2026 after two record years.
Stock market weakness has undercut valuations; the Nifty 50 is down more than 2% in 2026.
Recent listings by Aye Finance and Fractal Analytics showed subdued demand after downsizing.

InsuranceDekho is an online platform to compare and purchase insurance policies.
Products include health, life, term, car, bike, corporate, family health, and guaranteed return plans.
It has 17 Mn+ happy customers and a 4.7 rating on Google.
The company has served 145k+ claims and issues policies in 5 minutes.

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