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Founded
2016
Headquarters
Gurugram (India)
Status
Series B
Company Details
InsuranceDekho is a prominent insurtech company based in Gurugram, India, founded in 2016 by Ankit Agrawal and Ish Babbar. It operates as a digital platform that allows users to compare and purchase various insurance policies, including health, life, motor, and travel insurance.
Key Features and Offerings
Insurance Comparison: InsuranceDekho enables customers to compare quotes from over 47 insurance companies, offering more than 500 insurance products on its platform.
User-Friendly Platform: The company has developed a seamless digital onboarding journey for its agent partners and customers, integrating with government and insurer databases to facilitate the KYC process and policy renewals.
Wide Reach: InsuranceDekho serves customers across approximately 1,500 cities in India, covering 98% of pin codes. It has onboarded around 6 million customers to date.
Business Model
InsuranceDekho operates on a commission-based model, earning revenue from the sale of insurance policies through its platform. The company focuses on deep distribution and aims to make insurance accessible to all segments of society, particularly targeting Tier-II cities and beyond.
Company Culture
The leadership at InsuranceDekho emphasizes a culture built on values such as trust, respect, curiosity, ownership, meritocracy, and problem-solving. The company also promotes diversity within its workforce, with about 20% of its agent partners being women.
Future Aspirations
InsuranceDekho aims to onboard 200,000 partner agents by March 2024 and is poised to become a leader in the digital agent distribution space in India. The company is committed to democratizing access to insurance products and services across the country.
Summary
InsuranceDekho is redefining the insurance landscape in India by leveraging technology to provide a comprehensive and user-friendly platform for comparing and purchasing insurance policies. With significant funding support and a strong focus on accessibility, it is well-positioned for continued growth in the insurtech sector.
Key Metrics
Total Equity Funding
$324Million
No. of Funding Rounds
5
Latest Funding Round
$14.5Million, Series B
as of January 28, 2025
Post Money Valuation
$600 million
as of N/A
Funding Multiple
2.78
as of N/A
Investors
TVS Capital Funds
and 6 moreEmployee Count
1945
Similar Companies
PB Fintech Limited
Exit Details
N/A
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| January 28, 2025 | Series B | $14.5Million | - | - | - | Beams Fintech Fund ,MUFG |
| October 6, 2023 | Series B | $60.0Million | $60.5Million | TVS Capital Funds, Avataar Ventures, Beams Fintech Fund, Eurazeo, Investcorp, Alstroemeria Investments , MUFG, BNP Paribas Cardif, Goldman Sachs Asset Management, Mahansaria Family Trust, C Development Khaitan | ||
| February 9, 2023 | Series A | $150.0Million | $126.0Million | $12.0Million | -1.9x | TVS Capital Funds, Investcorp, Avataar Ventures, West Street Global, Alstroemeria Investments, LeapFrog Investments ,Goldman Sachs Asset Management Haitong Bank, Khaitan, Bharucha & Partners, Shardul Amarchand Mangaldas, Cyril Amarchand Mangaldas |
| July 7, 2022 | Series A | $100.0Million | - | $8.5Million | - | - |