InsuranceDekho, India’s leading Insurtech player, said it has raised $150 million in Series A funding consisting of a mix of equity and debt, the largest ever series A round by an Indian Insurtech company. The equity round was led by Goldman Sachs Asset Management and TVS Capital Funds with participation from Investcorp, Avataar Ventures and LeapFrog Investments. By the end of this year, InsuranceDekho aims to have more than 200,000 insurance advisors active on its platform. Especially, 10000 insurance advisors in Tamil Nadu.
Ankit Agrawal, InsuranceDekho CEO and Co-founder said: “To democratize insurance for the general public, we ‘re continuing to build on our tech-based solutions and empowered advisors”
IshBabbar, InsuranceDekho CTO and Co-founder said: “The fundraise will enable us to deploy scalable Insurtech solutions in the areas of data analytics, Artificial Intelligence, last mile servicing and claims management while keeping customer experience at the core of everything.”