Insurtech major InsuranceDekho has launched its first ESOP liquidity program of $2 million. The program allows employees to partially cash out their vested stock options.
Approximately 150 current and former employees participated in the program through secondary sales, receiving solid financial benefits while retaining a stake in the company’s future growth.
The company plans to further expand its ESOP program with new grants to ensure that employees at all levels continue to benefit as the platform scales.
InsuranceDekho operates in 1,500 cities and 98% of Indian pincodes, supported by a network of 20 offices and over 2 lakh partners. The platform claims to have insured over 12,000 businesses and continues to expand its reach across the country.
It combines AI-powered technology with human expertise to provide personalized onboarding, efficient servicing and reliable support throughout the customer journey. Its portfolio spans motor, health, life, travel, pet and corporate insurance, offering 650 plans from 48 insurers.
Earlier in March this year, InsuranceDekho had raised The $70 million funding round was co-led by Beams Fintech Fund, Japan’s Mitsubishi UFJ Financial Group (MUFG) and insurer BNP Paribas Cardiff. In October 2023, the Gurugram-based company secured $60 million Mitsubishi in Series B funding round led by UFJ Financial Group.
According to media reports, InsuranceDekho’s operating revenue increased by 73.5% to Rs 1,290 crore in FY25 from Rs 743.6 crore in FY24. However, the company reported a net loss of Rs 47.5 crore during the year, compared to a net profit of Rs 85.7 crore in FY24.
