InsuranceDekho bags $20 mn from GirnarSoft; Mumbai Angels backs Mestastop

Gurugram-based insurance-tech startup InsuranceDekho has received a commitment of $20 million from parent GirnarSoft.

The company plans to use the funds to strengthen their technology, product and sales teams, it said in a statement.

“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,” Ankit Agrawal, CEO and co-founder of InsuranceDekho said.

Operated by GirnarSoft group, InsuranceDekho was launched in June 2017. The company provides motor and health insurance solutions and helps customers compare different insurance policies based on their requirements. The company also claims to provide a digital platform to offline insurance agents to help them grow their business and become a part of its network.

With a network in more than 450 cities across the country, the company was last in news for hiring new people to its leadership team in October 2019.

GirnarSoft also owns automotive ecommerce platform CarDekho, Gaadi.com, BikeDekho.com, Zigwheels, TyreDekho and TrucksDekho.

Mestastop

Bengaluru-based biotech startup Mestastop has raised an undisclosed amount of funding from Mumbai Angels Network.

Founded in 2018, MestaStop aims to provide solutions for cancer treatments, the company said in a statement.

“Mestastop is trying to solve a highly complex global healthcare problem and an investment from Mumbai Angels is not only a validation of our vision and progress but also a shot of adrenaline during the pandemic crisis, priming us for the next level,” Arnab Roy Chowdhury, founder of the startup said.

Mumbai Angels has backed several companies this year including edtech startup Edhusk, digital media startup NewsReach, supply chain technology startup Aker Foods Agrotech, and algorithmic trading solutions provider AsknBid.