Bahrain’s Investcorp invests in Indian Insurtech InsuranceDekho

Bahrain’s Investcorp invests in Indian Insurtech InsuranceDekho

Investcorp, a Bahrain-based asset manager, has announced that its private equity has 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.

InsuranceDekho was incubated inside the CarDekho Group, a leading tech-enabled automotive search platform, and then spun off as an independent business in 2018. The Company enables consumers to compare different insurance policies based on their requirements and offers them the best choices available. The Company has over 70,000 agents selling policies from over 45 insurers across over 1300 cities.

Yusef Al Yusef

Head – Private Wealth

Investcorp “Investcorp has always believed in backing disruptive changemakers. All our previous investments in India have been in companies with a definitive competitive advantage that quickly gained market share on the back of excellent product and service delivery. InsuranceDekho comes from the Girnar group of companies which has created leading technology products that solved key problems for customers. Insurance is a high potential sector in India with an upside for growth.”

Mr. Gaurav Sharma, Head of Private Equity India at Investcorp said that “Our focus