InsuranceDekho launches $2 Mn ESOP liquidity program

Insurtech major InsuranceDekho has launched its first-ever ESOP liquidity program worth $2 million. The program allows employees to partially cash out their vested stock options.

About 150 current and former employees participated in the program through a secondary sale, realizing tangible financial gains while retaining a stake in the company’s future growth. 

The company plans to expand its ESOP program further with new grants, ensuring employees at all levels continue to benefit as the platform scales. 

InsuranceDekho operates across 1,800 cities and 98% of Indian pincodes, supported by 20 offices and a network of over 2 lakh partners. The platform claims to have insured over 12,000 businesses and continues to expand its reach nationwide.

It combines AI-powered technology with human expertise to deliver 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 a $70 million funding round co-led by Beams Fintech Fund, Japan’s Mitsubishi UFJ Financial Group (MUFG), and insurer BNP Paribas Cardif. In October 2023, the Gurugram-based firm secured $60 million in a Series B funding round led by Mitsubishi UFJ Financial Group. 

As per media reports, InsuranceDekho’s operating revenue surged 73.5% to Rs 1,290 crore in FY25 against Rs 743.6 crore in FY24. However, the company reported a net loss of Rs 47.5 crore during the year, compared with a net profit of Rs 85.7 crore in FY24.