Bahrain
Investcorp, a leading global alternative investment firm, announced hat private equity funds managed by Investcorp have invested in InsuranceDekho, a leading Insurtech in India. The investment is part of a consortium financing $150 million of growth capital in InsuranceDekho to support the growth of the Company’s network, as well as the continuous development of its technology platform and brand.
network in major cities in India is at the forefront of the insurance space in the country. This is our first investment in the Indian InsurTech market and we look forward to this partnership, and to supporting the company in scaling its operation as well as aiding its technological and product development.”
Mr Ankit Agrawal, CEO and Co-founder, InsuranceDekho, said, “To realize our goal of democratizing insurance for the general public, we are expanding our reach and will continue to build on our tech-based platform and empowered advisors to ultimately serve every village and region of India by the end of the year. India is on the verge of a revolution in insurance, and InsuranceDekho is well-positioned to meet the insurance needs of every Indian. We are delighted to welcome Investcorp as our partners, bringing a global perspective, strong investment expertise and an unparalleled network in key markets.”
In India, Investcorp is an active investor in mid-market companies across consumption-linked sectors and in the real estate business. In the private equity space, Investcorp targets opportunities across the consumer tech, healthcare, financial services, retail, SaaS, e-commerce, and technology sectors. Its investments over the last four years include V-Ensure, NDR Warehousing, Intergrow Brands, Bewakoof.com, Freshtohome, Zolo, InCred, Citykart, ASG, NephroPlus, Unilog, XpressBees, and Safari Industries.
In India, Investcorp is an active investor in mid-market companies across consumption-linked sectors and in the real estate business. In the private equity space, Investcorp targets opportunities across the consumer tech, healthcare, financial services, retail, SaaS, e-commerce, and technology sectors. Its investments over the last four years include V-Ensure, NDR Warehousing, Intergrow Brands, Bewakoof.com, Freshtohome, Zolo, InCred, Citykart, ASG, NephroPlus, Unilog, XpressBees, and Safari Industries.
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