InsuranceDekho could secure up to $100m in funding led by MUFG Bank and C. Development

January 28, 2025

InsurTech company InsuranceDekho, a platform enabling customers to compare and purchase various insurance products, has announced a new funding round set to raise up to $100m, according to a report from EnTrackr.

The funding round was led by MUFG Bank, Beams Fintech Fund, and C Investments, with additional participation from an unnamed Indian bank.

This investment places InsuranceDekho’s valuation in the range of $750m to $800m, according to sources.

InsuranceDekho allows users to compare and purchase motor, health, travel, and pet insurance. It also provides investment plans such as ULIPs, child plans, fixed deposits, and retirement schemes. The company claims direct integration with nearly 50 insurance providers, offering a seamless experience to customers.

This latest funding follows its Series B round, which raised $60m through a mix of equity and debt 15 months ago. Past investors in InsuranceDekho include Mitsubishi UFJ Financial Group (MUFG) and BNP Paribas Cardif, which contributed through its insurance fund.