India’s InsuranceDekho raises $150 million despite market slump

The Indian insurance platform InsuranceDekho has raised $150 million in a Series A funding round as the more than a decade old firm eyes merger and acquisition opportunities at a time when the market slump has engulfed most startups in the South Asian nation.
Goldman Sachs Asset Management and TVS Capital co-led the 13-year-old startup’s Series A funding round, they said. The round includes some debt — about $40 million — but its executives said that more than a half of the raise was against equity.
The Series A funding values the Gurugram-headquartered startup, which was inc

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