Goldman Sachs Leads India Fintech Funding While Deals Dry Up
- InsuranceDekho one of several targeting an under-served market
- Funding round is unusually large for an Indian finance startup
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Indian fintech startup InsuranceDekho raised $150 million from a clutch of investors led by Goldman Sachs Asset Management, an unusually large investment round that will help it target an under-served domestic market.
TVS Capital Funds co-led the equity and debt financing, the largest-ever Series A round for an Indian insurance technology company, the startup said in a statement. Investcorp, Avataar Ventures and LeapFrog Investments participated.