InsuranceDekho raises $100Mn in latest round

Insurtech venture InsuranceDekho has closed a fresh funding round of $100 million. The insurance aggregator is a part of GirnarSoft, an IT solutions and services company that also owns CarDekho.

InsuranceDekho recently launched a feet-on-street programme called 'InsuranceDekho Saathi' to make insurance buying easier for those who don't have access to the internet or feel uncomfortable transacting online.

CarDekho launched InsuranceDekho to make it easier for customers to buy motor and health insurance. It tied up initially with over 20 motor and health insurance issuers and has since expanded into life, term, and retirement plans, among other forms of insurance.

The startup has partnered with kirana shop owners, vegetable vendors, and housewives to sell insurance. Its foray into offline insurance was boosted by a survey it conducted that showed that despite the depth of digital penetration in the country, offline agents continued to be the preferred and dominant channel to buy insurance.