Insurance Tech Startup InsuranceDekho Eyes $250 Million IPO; Fresh Issue, OFS on the Cards

As per Bloomberg report, InsuranceDekho, an online insurance comparison platform, is reportedly preparing an initial public offering in Mumbai that could raise up to $250 million. Insurance tech start up firm IPO may include fresh issue and secondary sales by investors.  

Details of the Planned IPO 

Girnar Insurance Brokers Pvt., the parent of insurance tech startup InsuranceDekho, is evaluating an IPO that could raise up to $250 million.  

The company has held recent talks with investment banks and is expected to appoint advisers in the coming weeks. The offering is likely to combine new share issuance with secondary sales by existing shareholders, allowing both capital raising and liquidity for early investors. 

Company Background and Funding History 

Founded in 2016, InsuranceDekho enables users to compare and purchase insurance policies through a digital interface.  

To date, the firm has secured approximately $358 million from investors such as TVS Capital Funds, Investcorp and BNP Paribas Cardif. In 2025 the company merged with RenewBuy under Artivatic Data Labs, expanding its product suite. 

Market Context for 2026 IPOs 

India’s first‑time share sale market has shown a slower start in 2026 after 2 consecutive years of record fundraising. Recent listings, including Aye Finance Ltd. and Fractal Analytics Ltd., experienced subdued demand, reflecting broader concerns over earnings growth, global trade uncertainty and variable foreign inflows. The Nifty 50 index has slipped more than 2 % year‑to‑date, while the MSCI Asia Pacific Index has risen over 11 %. 

Read More: IPO Bound Flipkart Eyes Food Delivery: Eternal and Swiggy Share Price Fall up to 3%! 

Conclusion 

InsuranceDekho’s contemplated $250 million Mumbai IPO reflects its ambition to tap public markets for expansion while providing liquidity to current shareholders. The plan unfolds amid a cautious IPO environment in India, where investor sentiment is influenced by macro‑economic factors. 

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