Investcorp has invested $150 million in InsuranceDekho, a leading Indian Insurtech, to enhance its growth and technology development.

Target Company Overview

InsuranceDekho, established in 2018, is a leading Insurtech company in India that originated as an initiative within the CarDekho Group, a prominent technology-driven automotive search platform. The company empowers consumers to compare various insurance policies based on their specific needs, providing access to options from over 46 insurers across more than 1,300 cities in India. Currently, an astonishing ten insurance policies are purchased from InsuranceDekho every minute, indicating the rapid uptake and exceptional growth trajectory of the company, which has witnessed a Compounded Annual Growth Rate (CAGR) of over 100% since 2019.

InsuranceDekho employs an omnichannel distribution strategy that combines physical assistance with a fully digitized sales journey. This innovative approach not only shortens the time required for policy sales but also enhances the quality of service compared to traditional insurance agents, thereby offering a seamless experience to consumers.

Industry Overview in India

The Indian insurance sector is undergoing a transformative period characterized by increasing digital adoption and changing consumer expectations. As one of the largest economies in the world, India's insurance market has significant growth potential, driven by a growing middle cl