GirnarSoft, known for its leading auto-properties has announced plans to invest $20 Million in its subsidiary, InsuranceDekho. They will use the funds to invest in branding and strengthening their tech, product and sales teams.
GirnarSoft in addition to its subsidiaries like CarDekho.com, Zigwheels.com and gaadi.com has added yet another subsidiary to its basket. InsuranceDekho sells insurance through a unique advisory led model leveraging on both online and offline distribution networks. These funds will also be used to strengthen InsuranceDekho’s transaction businesses and further expand its footprint deeper into the country. InsuranceDekho recently announced plans to onboard 1 lakh insurance advisors across the country. They have already enrolled 20,000 advisors successfully.
“InsuranceDekho started as a modest initiative to complete the ecosystem play. Over the years, under Ankit’s leadership, it has taken a life of its own and ranks among the leading insuretech companies in the country. They have inherited CarDekho’s capital efficiency and tech prowess but are building a large and independent business of their own. This proposed fund infusion is our vote of confidence in their ability to build India’s most enduring insuretech business in India.” said the CEO and Co-Founder of GirnarSoft Amit Jain.
The company’s CEO and Co-Founder Ankit Agrawal said: “This new capital infusion will be used to expand our digital footprint. We are already a force to reckon with in the B2B space. With this round, we aim to invest in branding and marketing to further strengthen our B2C platform which has been seeing strong traction over the last 2 quarters.”