The Indian insurance platform InsuranceDekho has raised $150 million in a Series A funding round as the 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 7-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 incubated within the unicorn group automobile marketplace group CarDekho, at between $475 million to $500 million, ac …
