InsuranceDekho, Indias leading Insurtech player, has raised $60 million in its ongoing Series B funding round, marking a significant milestone for the company. With this latest capital infusion, a mix of equity and debt, the company has attracted new marquee investors to its cap table while reaffirming the confidence of existing investors. This is the second fundraise for the Gurugram-based startup in 2023, taking its total fundraise to $200M+, further solidifying its position as the leading Indian Insurtech.
Ankit Agrawal, CEO and founder of InsuranceDekho said, "We are incredibly thankful to our investors for trusting our vision and potential. Our aim has always been to make insurance accessible and user-friendly for all Indians, and this funding will allow us to accelerate our efforts, reach more customers, and innovate further in the Insurtech space. The insurance sector in India is at the cusp of a tech-backed revolution and I believe InsuranceDekho is well positioned as one of the pioneersleading this transformation.”
Shashank Joshi, Deputy CEO MUFG Bank, India said, “MUFGs dedication to fostering a sustainable and inclusive future is at the core of our investment ethos. Our entry into the Insurtech sector signifies astrategic commitment to increase insurance accessibility in India.