InsuranceDekho has successfully raised $70 million in funding from Beams Fintech, Mitsubishi UFJ Financial Group (MUFG), and BNP Paribas Cardif. The investment was facilitated through an insurtech fund managed by European investment firm Eurazeo.
The newly secured capital will be directed toward expanding the company’s market reach and strengthening its technological infrastructure. Founder and CEO Ankit Agrawal emphasized that the investment will play a crucial role in scaling the platform’s tech-driven solutions and reinforcing its position as a leading insurance provider in India.
InsuranceDekho currently caters to over 10.2 million customers across the country, issuing 21 new policies every minute. With a vast network of 2,20,000 partners, the platform offers more than 720 insurance products, covering motor, health, life, and corporate segments. It collaborates with 49 insurance companies, making it one of the largest digital insurance marketplaces in India.
Also Read | InsuranceDekho expands agent network by 92%, now covering 99% of India’s pin codes
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