🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

InsuranceDekho raises $70 million in round led by Mitsubishi UFJ, BNP Paribas Cardif’s insurtech fund, and Beams Fintech

Economic Times

Economic Times · 7m ago

InsuranceDekho raises $70 million in round led by Mitsubishi UFJ, BNP Paribas Cardif’s insurtech fund, and Beams Fintech

InsuranceDekho, an online insurance marketplace, raised $70 million in funding from Mitsubishi UFJ Financial Group, BNP Paribas Cardif, and Beams Fintech Fund, who are existing investors. The Gurugram-based company plans to utilize the funds to expand and enhance its tech-driven insurance offerings. Founded in 2017, it partners with 49 insurers and offers over 720 insurance products. The company recently raised $60 million in Series B funding and aims to go public by 2026-27.

Related News

InsuranceDekho raises $60 million in ongoing Series B funding round

Money Control

Money Control · 1y ago

InsuranceDekho raises $60 million in ongoing Series B funding round

Insurtech startup, InsuranceDekho, has raised $60 million in a Series B funding round from investors including Mitsubishi UFJ Financial Group and BNP Paribas Cardif's insurtech fund. The new round brings the company's valuation to over $500 million. The funds will be used to enhance marketing efforts, expand distribution, develop its tech platform, and explore growth opportunities. InsuranceDekho aims to make insurance more accessible in India and plans to achieve a premium of Rs 3,600 crores this financial year, whilst targeting 200,000 agent partners by March 2024.

Beams Fintech Fund leads $70 Mn round in InsuranceDekho

Entrackr

Entrackr · 7m ago

Beams Fintech Fund leads $70 Mn round in InsuranceDekho

Beams Fintech Fund leads $70 Mn round in InsuranceDekho Insurtech company InsuranceDekho has raised a $70 million funding round co-led by Beams Fintech Fund, Japan’s Mitsubishi UFJ Financial Group (MUFG), and insurer BNP Paribas Cardif through its insurtech fund managed by European investment major Eurazeo. Entrackr reported on the current round two months ago. In October 2023, the Gurugram-based firm secured $60 million in a Series B funding round led by Mitsubishi UFJ Financial Group. Founded in 2017 by Ankit Agrawal, InsuranceDekho enables customers to compare and purchase insurance policies, including motor, health, travel, and pet insurance. It also provides various investment plans such as ULIP, child plans, fixed deposits, and retirement plans. The company collaborates with most insurance providers and boasts direct integration with nearly 50 companies. Additionally, InsuranceDekho is in the process of merging with RenewBuy and is awaiting regulatory approvals. “This capital will enable us to expand our reach, enhance our tech-driven offerings, and solidify our position as India’s go-to insurance platform. With our continued focus on digital transformation and customer-centric solutions, we are well-positioned to drive the next wave of insurance adoption in India,” Agrawal said in a press release. To date, InsuranceDekho claims to have served over 10.2 million customers nationwide, with 21 new policies issued every minute on its platform. It has achieved a footprint across 99% of the country’s pin codes, supported by a network of 220 K partners offering over 720 insurance products across categories such as Motor, Health, Life, and Corporate Business. According to TheKredible, InsuranceDekho managed seven-fold growth in its revenue which surged to Rs 743.6 crore in FY24 from Rs 96.5 crore in FY23. Moreover, InsuranceDekho clocked a profit of Rs 85.71 crore in the last fiscal year. This is Beams Fintech Fund's second investment in 2025, following a Rs 200 crore investment in a pre-IPO opportunity with one of India's largest unlisted NBFCs specializing in used commercial vehicle finance. The company is set to go public in June 2025.

Marshall Wace Sells Stake In Paytm In INR 25 Cr Block Deal

Inc42 · 1y ago

Marshall Wace Sells Stake In Paytm In INR 25 Cr Block Deal

UK hedge fund Marshall Wace has sold shares of fintech giant Paytm at INR 428.05 per share. BNP Paribas Financial Markets, an affiliate of BNP Paribas, bought the shares. Paytm's share price has been rising recently due to positive restructuring news and closed the week at INR 424.90, marking an 11.5% increase on the BSE.

InsuranceDekho raises fresh funds ahead of signing bankers to its IPO

Livemint

Livemint · 8m ago

InsuranceDekho raises fresh funds ahead of signing bankers to its IPO

InsuranceDekho has secured funding from Beams Fintech Fund, MUFG Bank, and C. Development, marking part of a larger $75-100 million fundraise. The company plans an IPO soon and aims to finalize fundraising within weeks, with existing investors participating. InsuranceDekho, founded in 2017, provides diverse insurance products and plans for expansion using raised funds. It is a subsidiary of CarDekho, which successfully pivoted to vehicle financing. The company's revenue increased significantly in FY24, achieving profitability.

Smartworks Raises INR 174 Cr From Anchor Investors

Inc42 · 2m ago

Smartworks Raises INR 174 Cr From Anchor Investors

Smartworks, a coworking space provider, has raised INR 173.64 crore from anchor investors ahead of its public issue. The company allocated 4.3 million equity shares at INR 407 per share to these investors. Notably, Tata Mutual Funds, Baroda BNP Paribas, and Trust Mutual Fund collectively acquired 32.04% of the anchor allotment, totaling 1.37 million shares. Other participants included Aditya Birla Sun Life, Axis Mutual Fund, SBI General Insurance, Societe Generale, and Buoyant Capital.

India to have 150 fintech unicorns with combined $500 billion valuation by 2030: report

Economic Times

Economic Times · 1y ago

India to have 150 fintech unicorns with combined $500 billion valuation by 2030: report

India is expected to become home to 150 fintech unicorns valued at $500 billion by 2030, according to a report by JM Financial and Beams Fintech Fund. The report predicts a surge in revenue for Indian fintech firms, reaching $260 billion by the end of the decade. The payments industry is projected to lead the fintech boom, with transaction values expected to reach $11 trillion by 2030. Other segments such as lending, insurtech, wealthtech, and neobanking are also set for significant growth. Currently, India has 26 fintech unicorns, positioning it behind the US, China, and the UK.

Beams Fintech Fund changes timeline for final close of maiden vehicle, ropes in two LPs

VCCircle

VCCircle · 1y ago

Beams Fintech Fund changes timeline for final close of maiden vehicle, ropes in two LPs

Beams Fintech Fund, a private equity firm specializing in investments in growth-stage financial services and software companies, has adjusted the timeline for the final close of its maiden investment vehicle. The Mumbai-based firm had previously aimed to complete the fund's final close but has now made changes. Additionally, Beams Fintech Fund has recently secured two limited partners (LPs) for its fund.

Swan Energy raises over ₹3,300 crore via QIP; LIC, SBI Life among investors

Thehindubusinessline

Thehindubusinessline · 1y ago

Swan Energy raises over ₹3,300 crore via QIP; LIC, SBI Life among investors

Swan Energy has successfully raised over ₹3,319 crore through a qualified institutional placement (QIP) of shares. The QIP was subscribed by institutions including Life Insurance Corporation, SBI Life Insurance, Quant Mutual Fund, BNP Paribas Mutual Fund, and Goldman Sachs. The funds raised will be used for the modernization of the recently acquired Reliance Naval and Engineering shipyard, as well as for project expansion and debt reduction. Swan Energy has diversified interests in various sectors and is working towards the turnaround of the shipyard facility to commence commercial operations by June 2024.

Morgan Stanley Offloads PB Fintech Shares Worth INR 19.1 Cr

Inc42 · 3m ago

Morgan Stanley Offloads PB Fintech Shares Worth INR 19.1 Cr

Morgan Stanley Asia (Singapore) Pte sold 99,994 shares of PB Fintech in a block deal valued at INR 18.19 crore. The shares were sold for INR 1,819 each, slightly below the previous closing price of INR 1,823.7 on the BSE. BNP Paribas Financial Markets purchased the shares. This transaction follows PB Fintech co-founders Yashish Dahiya and Alok Bansal selling a significant portion of their holdings for INR 920 crore.

Philippine fintech GCash hires banks for up to $1.5 billion IPO, sources say

Economic Times

Economic Times · 8m ago

Philippine fintech GCash hires banks for up to $1.5 billion IPO, sources say

Philippine fintech firm GCash plans an initial public offering (IPO) of up to $1.5 billion, aiming for the country's largest stock offering ever. The IPO may occur in the latter half of 2025 or in 2026, chaired by banks including Citi, Jefferies, and UBS. This move could invigorate ASEAN IPOs, which experienced a dip recently. GCash achieved a valuation of $5 billion after investments from Ayala Corp and Japan's Mitsubishi UFJ Financial Group.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Aug 2025

Build. Comply. Fund. Fly.

Crypto to INR payments app for Indians

Your CV, Done Right.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Meta in talks to use Google's Gem ...

IPO-bound PhysicsWallah to invest ...

Exclusive: Vama set to raise fres ...

Download the medial app to read full posts, comements and news.