Beams Fintech Fund, a prominent growth-stage private equity firm specializing in Fintech and Financial Services, has announced a follow-on investment in its portfolio company, InsuranceDekho, as part of a $70 million funding round. The round was co-led by Beams Fintech Fund, Japan’s Mitsubishi UFJ Financial Group (MUFG), and BNP Paribas Cardif, through its insurtech fund managed by European investment major Eurazeo.

Founded in 2017 by Ankit Agrawal, InsuranceDekho has rapidly emerged as India’s leading insurtech platform, transforming the insurance distribution landscape with AI-driven technology. The Gurugram-based company aims to democratize insurance accessibility and has served over 10.2 million customers across India. With 21 new policies issued every minute, InsuranceDekho boasts an extensive network of 220,000 partners, offering 720+ insurance products from 49 insurance providers across categories like Motor, Health, Life, and Corporate Business. The platform now covers 99% of India’s pin codes, making it one of the most comprehensive digital insurance marketplaces in the country.

This investment marks Beams Fintech Fund’s second major deal in 2025, following a ₹200 crore pre-IPO investment in one of India’s largest unlisted NBFCs specializing in used commercial vehicle finance, set to go public in June 2025. Additionally, Beams is in the final stages of closing its third investment of the year in a leading MSME micro-LAP player, further expanding its footprint in India’s dynamic financial services sector.

With these strategic investments, Beams Fintech Fund has deployed over ₹300 crore since the beginning of 2025, reinforcing its commitment to supporting category leaders driving financial inclusion and innovation in India.