Insurtech startup InsuranceDekho Raises $70Mn In Funding

Insurtech startup InsuranceDekho has raised $70 million in a funding round. 

The round was co-led by Beams Fintech Fund, Japan’s Mitsubishi UFJ Financial Group (MUFG), and insurer BNP Paribas Cardif through its insurtech fund, managed by the European investment firm Eurazeo.

The proceeds will help InsuranceDekho, backed by the CarDekho Group, in expanding its distribution network and enhancing its AI-powered insurance solutions.

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“We have been strong believers in InsuranceDekho’s vision since our initial investment. Their phenomenal growth, robust distribution network, and relentless focus on technology-driven accessibility make them a clear industry force, said Sagar Agarwal, Founder & Partner at Beams Fintech Fund.

 “ This capital will enable us to expand our reach, enhance our tech-driven offerings, and solidify our position as India’s go-to insurance platform. With our continued focus on digital transformation and customer-centric solutions, we are well-positioned to drive the next wave of insurance adoption in India,” Agrawal said.

This is Beams Fintech Fund's second investment in 2025, after a Rs 200-crore pre-IPO investment in one of India's largest unlisted NBFCs focused on used commercial vehicle finance. The firm has invested over Rs 300 crore this year and is in talks to support an MSME micro-LAP lender.

About InsuranceDekho 

Founded in 2017 by Ankit Agrawal, the Gurugram-based InsuranceDekho enables customers to compare and purchase insurance policies, including motor, health, travel and pet insurance.

So far, InsuranceDekho has served over 10.2 million customers across India, with 21 new policies being issued every minute on its platform. 

It covers 99% of the country’s pin codes and works with a network of 220,000 partners, offering more than 720 insurance products in categories like Motor, Health, Life and Corporate Business.

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