InsuranceDekho appoints Avendus to help raise around $150 mn
9 months, 1 week ago

InsuranceDekho appoints Avendus to help raise around $150 mn

Live Mint  

Bengaluru: Insurtech startup InsuranceDekho is in early-stage discussions to raise $100-150 million through a mix of primary and secondary transactions. The round was led by Japan’s Mitsubishi UFJ Financial Group, BNP Paribas Cardif through its insurtech fund managed by European investment major Eurazeo, Beams Fintech Fund and Yogesh Mahansaria Family Office. Prior to this, InsuranceDekho raised $150 million in its Series A round led by Goldman Sachs Asset Management and TVS Capital Funds in February last year. For instance, online beauty Purplle may see a $100 million infusion from Abu Dhabi Investment Authority in a mix of primary and secondary transactions, Mint first reported in April. Earlier this month, Mint also reported that Singapore's state-owned investment firm Temasek and Fidelity Management & Research Company purchased Lenskart shares worth $200 million in a secondary transaction.

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InsuranceDekho raises fresh funds ahead of signing bankers to its IPO
2 months, 1 week ago

InsuranceDekho raises fresh funds ahead of signing bankers to its IPO

Live Mint  

Insurtech startup InsuranceDekho has raised capital from Beams Fintech Fund, MUFG Bank and C. Development, an associate firm of BNP Paribas Cardif, documents filed with the ministry of corporate affairs showed. The round was led by Japan’s Mitsubishi UFJ Financial Group, BNP Paribas Cardif through its insurtech fund managed by European investment major Eurazeo, Beams Fintech Fund and Yogesh Mahansaria …

Avendus launches ₹3,000-cr late-stage fund to invest in tech, healthcare firms
10 months ago

Avendus launches ₹3,000-cr late-stage fund to invest in tech, healthcare firms

Live Mint  

Bengaluru: Avendus, a financial services firm, has launched a third Future Leaders Fund for which it aims to raise about ₹3,000 crore, including a green-shoe option to raise up to ₹1,500 crore more. The late-stage fund, which will focus on large-cap investments in private markets, intends to make 10-12 investments, with an average ticket size of ₹200-300 crore each, Avendus …

InsuranceDekho valued at $600 million in Series B round
1 year, 5 months ago

InsuranceDekho valued at $600 million in Series B round

Live Mint  

Insurtech startup InsuranceDekho on Tuesday said it has raised $60 million in a Series B funding round led by Japan’s Mitsubishi UFJ Financial Group ; insurer BNP Paribas Cardif through its insurtech fund managed by European investment major Eurazeo; Beams Fintech Fund; and Yogesh Mahansaria Family Office. InsuranceDekho’s existing investors, TVS Capital, Goldman Sachs Asset Management and Avataar Ventures, also …

Goldman, TVS lead $150 million investment in InsuranceDekho
2 years, 1 month ago

Goldman, TVS lead $150 million investment in InsuranceDekho

Live Mint  

BENGALURU/MUMBAI : New York-based Goldman Sachs Asset Management and homegrown mid-market private-equity firm TVS Capital Funds led a $150-million investment in InsuranceDekho in the largest Series A round of funding by an insurtech startup in India. In November, VCCircle had first reported that Goldman Sachs and TVS Capital were likely to lead InsuranceDekho’s first external funding round that is likely …

This could be India's biggest Series A funding round
2 years, 4 months ago

This could be India's biggest Series A funding round

Live Mint  

MUMBAI : Goldman Sachs and TVS Capital are in advanced talks to lead a $150 million investment in used cars unicorn CarDekho’s insurance unit InsuranceDekho, two people aware of the matter said, in what is expected to be the biggest Series A funding round in India. “The documents have been signed, with only the insurance regulator’s approval pending," the second …

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