InsuranceDekho bags a fresh $60 million

InsuranceDekho, a subsidiary of CarDekhoGroup, has raised $60 million in funding from new and existing investors. The funding includes equity and debt and values the insurtech firm at $650 million-$700 million. The recent fundraise is part of the company’s ongoing series B round, and it plans to use the funds for acquisitions and to make aggressive bets in the reinsurance space. InsuranceDekho aims to be profitable at the company level in another quarter. The company receives over 90% of its premium from tier two regions and beyond.