InsuranceDekho will use this funding to further enhance its brand and tech prowess
GirnarSoft, known for its leading auto-properties like CarDekho.com, Zigwheels.com and Gaadi.com announced plans to invest $20 Million in its subsidiary, InsuranceDekho, an omnichannel insurance platform.
They will use the funds to invest in branding and strengthening their tech, product and sales teams.
InsuranceDekho sells insurance through a unique advisory led model leveraging on both online and offline distribution networks.
“This proposed fund infusion is our vote of confidence in their ability to build India’s most enduring insuretech business in India,” said Amit Jain, CEO and Co-Founder, GirnarSoft.
These funds will also be used to strengthen InsuranceDekho’s transaction businesses and further expand its footprint deeper into the country.
“This new capital infusion will be used to expand our digital footprint. We are already a force to reckon with in the B2B space. With this round we aim to invest in branding and marketing to further strengthen our B2C platform which has been seeing strong traction over the last 2 quarters.” said Ankit Agrawal, CEO and Co-Founder, InsuranceDekho.
InsuranceDekho recently announced plans to onboard 1 lakh insurance advisors across the country. They have already enrolled 20,000 advisors successfully.