Leading investors Goldman Sachs Asset Management and TVS Capital Fund have raised $150 million for the insurtech platform InsuranceDekho through a combination of equity and debt financing.
As part of the equity funding, Investcorp, Avataar Ventures, and LeapFrog Investments also participated, as per reported by The Economic Times.
“India continues to be an under-penetrated market in terms of insurance, and post-Covid-19 customers have become more aware about buying a cover. This has had a positive impact on the insurance industry, across all segments leading to the industry growing almost 15% on an annual basis,” cofounder and chief executive Ankit Agrawal told ET.
A portal called InsuranceDekho allows you to compare insurance quotes from reputable insurance providers and buy the insurance plan that best meets your needs.
“InsuranceDekho has demonstrated a proven ability to bring new-to-insurance channel partners to their platform, while empowering them through technology-based solutions and working closely with insurers,” said Rajat Sood, managing director at Goldman Sachs Asset Management.
It is quite easy to purchase an insurance policy on InsuranceDekho. Simply select the type of coverage you desire, provide the necessary information, compare rates, and submit payment. You’re done now! Your insurance plan has been published.