Home / Business and Economy / InsuranceDekho Eyes $250M IPO Amid India's Slow Market Start
InsuranceDekho Eyes $250M IPO Amid India's Slow Market Start
13 Feb
Summary
- InsuranceDekho is planning a significant IPO in Mumbai to raise $250 million.
- The company has already secured $358 million from prominent investors.
- India's IPO market faces challenges with subdued demand in 2026.
Gurugram-based InsuranceDekho, an online platform for comparing and purchasing insurance policies, is reportedly considering an Initial Public Offering (IPO) in Mumbai. The insurance tech startup, operated by Girnar Insurance Brokers Pvt., could aim to raise as much as $250 million through this listing.
Discussions have been held with investment banks regarding a potential IPO, with advisors expected to be appointed soon. The offering is anticipated to comprise both new share issuances and secondary sales from existing investors, with a possibility of the listing occurring later in 2026.
This potential IPO takes place against a backdrop of a challenging Indian market for new share sales in 2026. After two consecutive years of record fundraising, the market has seen subdued demand, with recent listings by Aye Finance Ltd. and Fractal Analytics Ltd. indicating valuation pressures. Indian stocks have been impacted by slowing earnings growth and global trade uncertainties.
Founded in 2016, InsuranceDekho has already raised approximately $358 million from investors including TVS Capital Funds, Investcorp, and BNP Paribas Cardif. The company previously announced a merger with smaller insurance tech startup RenewBuy under Artivatic Data Labs.
