InsuranceDekho cofounders Ankit Agrawal (CEO) and Ish Babbar (CTO) are in talks to move into promoter roles as the merged InsuranceDekho-RenewBuy entity prepares for a public listing, sources told Inc42. The company is targeting a March 2027 IPO at a valuation near ₹9,500 crore, with the raise pegged at ₹3,000-4,000 crore through fresh issue and an offer for sale.

InsuranceDekho denied the report, saying the cofounders’ roles remain unchanged and that both are actively involved in strategy and growth.

The Delhi NCR company, spun out of CarDekho in 2016, has raised $430 million from Goldman Sachs, TVS Capital Funds, Avataar Venture Partners, Mitsubishi UFJ Financial Group and BNP Paribas Cardif. It runs Heph, a SaaS platform for insurance distributors, under a composite broking licence.

Sources

  • Inc42: founder roles in talks, IPO valuation ₹9,500 Cr, fundraising details, company denial
  • RetailIntel: IPO timeline and valuation corroboration

Reporting compiled and contextualised by TechScoop India. Figures reconciled across the sources above.

Originally reported by Inc42.