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New Deal


Announced

Completed

Beams Fintech Fund led a $60m Series B round in InsuranceDekho.

Financials

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Transaction Value£48m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Online and Social Platforms

India

online platform

Friendly

Acquisition

Cross Border

Private

Minority

Private Equity

Venture Capital

Completed

Single Bidder

Synopsis

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Beams Fintech Fund, a growth stage focused fintech fund, led a $60m Series B round in InsuranceDekho, an insurance marketplace, with participation from TVS Shriram Growth Fund, MUFG Bank, Goldman Sachs and Avataar Venture. "India's insurance landscape is characterized by low penetration, trust issues, mis-selling, limited accessibility, and affordability concerns. Amid this complexity, we found InsuranceDekho, led by the immensely talented team of Ankit Agrawal and Ish Babbar, creating a vast platform that not only addresses the penetration problem but also fosters trust, providing peace of mind to millions of Indians," Sagar Agarvwal, Beams Fintech Fund Managing Partner.

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