Insurance Dekho collects Rs 300 crore funding from Goldman Sachs

6 Jan 2023 , 02:26 PM

CarDekho’s insurance arm InsuranceDekho has reportedly raised $36.5 million (Rs300 crore) in a round led by West Street Global, a Goldman Sachs investment arm.

The funding round was led by TVS Capital Fund, Investcorp Private Equity, Avataar Ventures, and Alstroemeria Investments. Individual investors included Vineet Dhingra, N Laxmi Narayan, and Shridham sons, among others, in the funding round.

InsuranceDekho has allotted 1,49,16,506 equity shares to investors in a special resolution at an issuance price of Rs201.12 per share.

It is important to note that this is InsuranceDekho’s first external funding round. Previously, the startup had only received internal funding.

West Street Global and TVS Capital each contributed Rs153.5 crore and Rs72.35 crore respectively to the funding round. Meanwhile, Investcorp Private Equity, Avataar Ventures, Alstroemeria Investments, and other individual investors have put Rs74.15 crore into the round.

The news comes almost six months after InsuranceDekho closed a $100 million funding round.

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