InsuranceDekho Doubles Revenue to Nearly Rs 100 Cr in FY23; Shrinks Losses

  • InsuranceDekho’s operating income increased two-fold to INR 96.5 crore in FY23, reducing losses by 28.6% from the previous year.
  • The insurtech company’s income comes from brokerage fees for its online marketplace offering over 400 products from nearly 50 insurance providers.
  • Despite operational costs (with employee benefits making up 70.4% of total expenditure), the company plans to become profitable in FY24 according to CEO Ankit Agrawal.
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