InsuranceDekho Set to Raise Up to $100M in Funding with MUFG Bank and C. Development at the Helm

InsuranceDekho Set to Raise Up to $100M in Funding with MUFG Bank and C. Development at the Helm

InsuranceDekho, a leading InsurTech platform that enables customers to compare and purchase various insurance products, has recently announced a significant funding round aimed at raising up to $100 million. This funding is expected to enhance its offerings further and strengthen its position in the competitive insurance market.

Funding Round Details

The latest funding round is led by MUFG Bank, alongside Beams Fintech Fund and C Investments. An unnamed Indian bank also participated in this investment, which elevates InsuranceDekho’s valuation to approximately $750 million to $800 million.

Investment Opportunities

InsuranceDekho offers a diverse range of insurance products, including:

  • Motor Insurance
  • Health Insurance
  • Travel Insurance
  • Pet Insurance

Furthermore, the platform provides investment plans such as ULIPs, child plans, fixed deposits, and retirement schemes.

Seamless Customer Experience

The company prides itself on a seamless customer experience, facilitated by its direct integration with nearly 50 insurance providers. This integration allows users to easily compare and purchase insurance products tailored to their needs.

Previous Funding Rounds

This funding round follows a successful Series B round, which raised $60 million through a combination of equity and debt just 15 months ago. Notable previous investors include Mitsubishi UFJ Financial Group (MUFG) and BNP Paribas Cardif, which contributed through its insurance fund.

Conclusion

As InsuranceDekho continues to innovate and expand its offerings, this new funding marks a significant milestone in its growth trajectory. For more information about their services and offerings, visit their official website at InsuranceDekho.

For further insights on the InsurTech industry, you may explore resources like Forbes InsurTech and InsurTech News.

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