Insurance Dekho bags a fresh $60 million - Times of India
Summary
NEW DELHI: InsuranceDekho , a subsidiary of the CarDekhoGroup has raised a fresh $60 million in funding from a clutch of new and existing investors. The funding which includes a mix of equity and debt has also been backed by existing investors TVS Capital , Goldman Sachs Asset Management and Avataar Ventures. To be sure, the recent fundraise is part of the companys ongoing series B round and investors might infuse more capital into the firm in the coming days. Majority of the funds raised consists of equity component, CEO and founder Ankit Agrawal told TOI.The company is eyeing acquisitions and has allocated funds worth $15 million-$20 million this financial year for the same. Founded in 2017 by Agrawal and Ish Babbar , InsuranceDekho gets more than 90% of its premium from tier two regions and beyond.