Draft:Insurancedekho
| Company type | Private |
|---|---|
| Industry | Insurance technology |
| Founded | 2017 |
| Founders | Ankit Agrawal, Amit Jain, Ish Babbar |
Area served | India |
Key people | Ankit Agrawal (CEO) Vivek Aggarwal (CBO) Navneet Bhatt (CGO) |
| Services | Insurance brokerage (motor, health, life, travel, commercial), SaaS platform (Heph) |
| Revenue | Not publicly disclosed |
| Parent | Girnar Insurance Brokers Pvt. Ltd. (CarDekho Group) |
| Website | www |
InsuranceDekho is an Indian insurtech company based in Gurugram, Haryana. It was founded in 2017 under the CarDekho Group and operates as a licensed insurance broker regulated by the Insurance Regulatory and Development Authority of India (IRDAI). The company provides a digital platform for comparing and purchasing insurance policies across motor, health, life, travel, and commercial categories. As of 2025, InsuranceDekho partners with over 45 insurers and maintains a network of more than 220,000 point-of-sale agents across India.[1][2]
History
[edit]InsuranceDekho was founded in 2017 by Ankit Agrawal, Ish Babbar, and Amit Jain as part of GirnarSoft, the parent of CarDekho.[3] It began within the auto-insurance vertical of CarDekho and received an IRDAI broker license in December 2017.[4]
InsuranceDekho expanded via POSP agents into Tier‑2 and Tier‑3 cities, boosting agent counts significantly by 2023—a trend noted in major media.[5]
In May 2025, InsuranceDekho merged with RenewBuy through a share-swap, forming a ₹7,400 crore (~$890 million) insurtech entity aimed at expanding distribution reach.[6][7]
Services
[edit]InsuranceDekho enables users to compare and purchase insurance policies—motor, health, life, travel, and commercial—from multiple insurers via an online portal or agent network.[8][9]
In August 2024, the company launched **Heph**, a SaaS platform for distributors—offering API integrations, policy management, and analytics to agents, banks, NBFCs, and others.[10][11]
Funding
[edit]InsuranceDekho has raised approximately $394 million across six funding rounds.[12] In February 2023, it secured $150 million in a Series A round led by Goldman Sachs Asset Management and TVS Capital Funds.[13]
In March 2025, it raised $70 million in a round co-led by MUFG and BNP Paribas Cardif’s insurtech fund.[14]
Leadership
[edit]Ankit Agrawal, co‑founder and CEO, previously led insurance initiatives at CarDekho.[15] In 2023, Vivek Aggarwal became CBO and Navneet Bhatt became CGO.[16]
Industry Recognition
[edit]InsuranceDekho was certified as a "Great Place to Work" in 2024 by the Great Place to Work Institute.[17]
References
[edit]- ^ "InsuranceDekho Raises $70 Million in Round Led by Mitsubishi UFJ, BNP Paribas Cardif". Moneycontrol. March 4, 2025.
- ^ "InsuranceDekho expands agent network, sees seven-fold growth in revenue". Entrackr. March 4, 2025.
- ^ "InsuranceDekho Secures $150 Million in Series A Round". Mint. February 14, 2023.
- ^ "InsuranceDekho Receives IRDAI License to Operate as Insurance Broker". Financial Express. December 20, 2017.
- ^ "InsuranceDekho Expands to Tier‑2 and Tier‑3 Cities with Its Insurance Solutions". Economic Times. March 4, 2025.
- ^ "InsuranceDekho, RenewBuy merge to form ₹7,400 crore entity". Financial Express. May 21, 2025.
- ^ "InsuranceDekho Set to Merge with RenewBuy". Economic Times. May 5, 2025.
- ^ "InsuranceDekho expands offerings across insurance segments". Financial Express. June 1, 2024.
- ^ "InsuranceDekho raises $70 million and expands network". Entrackr. March 4, 2025.
- ^ "India's insurance SaaS platform Heph launches nationwide". ReInsurance News. August 29, 2024.
- ^ "InsuranceDekho launches Heph, a SaaS platform for insurance distribution". Mint. August 29, 2024.
- ^ "InsuranceDekho company profile". Tracxn. Retrieved July 7, 2025.
- ^ "InsuranceDekho Secures $150 Million in Series A Round". Mint. February 14, 2023.
- ^ "InsuranceDekho Raises $70 Million in Round Led by MUFG and BNP Paribas Cardif". Moneycontrol. March 4, 2025.
- ^ "InsuranceDekho Set to Merge with RenewBuy". Economic Times. May 5, 2025.
- ^ "InsuranceDekho expands leadership team with new appointments". Financial Express. November 16, 2023.
- ^ "InsuranceDekho awarded Great Place to Work certification". Mint. July 3, 2024.