Roojai, a Thai digital insurtech, secured $60 million in Series C funding to expand its operations and further penetrate the Southeast Asian market.
Information on the Target
Roojai is a digital insurtech company based in Thailand that specializes in providing insurance coverage directly to consumers. Founded in 2016 by a team of experienced insurance professionals, Roojai has established itself as a customer-centric organization, fully authorized by the Office of Insurance Commission (OIC). Its product offerings primarily revolve around motor insurance but have expanded to include health, personal accident, and travel insurance, aimed at simplifying the insurance purchasing process for its customers.
The company recently secured $60 million in Series C funding, co-anchored by UK-based Apis Partners and Asia Partners. Notable backers on the existing capitalization table, such as HDI International, Primary Group, and the International Finance Corporation, also participated in this funding round, indicating strong confidence in Roojai's business model and growth potential.
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Industry Overview in Thailand
Thailand's insurance market has seen significant transformation, driven by the rapid adoption of digital tools that have compelled traditional insurance companies to modernize their operations. As a result, the sector has been experiencing a su
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Transaction Size: $60M