InsuranceDekho is a Gurugram-based insurtech platform that aggregates and distributes insurance products across India. Its core product is a tech-enabled distribution platform that sells insurance through agent partners and direct channels, with strong focus on Tier 2+ markets. The company plans to use new funding to boost marketing, expand distribution in the Indian hinterland, scale its technology platform, pursue inorganic growth, and launch initiatives such as re-insurance. Financially, InsuranceDekho is on track to achieve Rs 3,600 crore in premium this financial year and has raised over $200 million in 2023. Operating metrics include presence in 1,500+ regions covering 98% of pin codes, over 90% of premiums coming from Tier 2 and beyond, having served more than six million customers, and currently insuring 12 Indians every minute. It aims to grow its agent network to 200,000 partners by March 2024. InsuranceDekho is a Gurugram-headquartered digital insurance platform incubated within the CarDekho group that integrates directly with nearly four-dozen insurers to offer roughly 400 insurance products. Automobile coverage is its most popular product, and the company is gearing to expand into health and life categories as well as serve small and medium-sized enterprises. The startup reports presence in about 98% of Indian zip codes and says it sells more than 80% of its coverage in smaller cities, relying on a field force of over 80,000 gig-economy ‘agents’ to educate customers and sell policies. InsuranceDekho aims to disburse total premiums worth over $240 million by March and plans to more than double its agent workforce by the end of the year. The company emphasizes tech-based solutions and empowered advisors to drive insurance penetration across India’s middle and lower-middle income populations, and plans M&A to build capabilities and geographic reach.

Total raised

$210M

Funding rounds

3

Latest round

Series B

Latest activity

Oct 2023