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Insurtech major InsuranceDekho has launched its first-ever employee stock ownership plan (ESOP) liquidity programme worth $2 million, allowing employees to partially cash out their vested stock options. The move marks a significant milestone in the company’s efforts to foster a culture of ownership and shared growth.
About 150 current and former employees participated in the programme through a secondary sale, enabling them to realise financial gains while continuing to hold equity in the company. The Gurugram-based firm said the initiative underscores its long-term commitment to rewarding contributors and aligning employee incentives with company performance.
Divya Mohan, Chief Human Resources Officer at InsuranceDekho, said the programme reflects the company’s belief that “growth must be shared meaningfully with those who make it possible.”
She added that InsuranceDekho plans to expand its ESOP pool with new grants to ensure employees at all levels benefit as the platform scales.
Operating across 1,800 cities and 98 percent of Indian pin codes, InsuranceDekho serves both individuals and businesses through a network of over 2 lakh partners and 20 offices. Its portfolio spans motor, health, life, travel, pet, and corporate insurance, offering more than 650 plans from 48 insurers. The company leverages AI-driven technology and human expertise to streamline onboarding, claims servicing, and customer support.
Earlier this year, InsuranceDekho raised $70 million in a funding round co-led by Beams Fintech Fund, Japan’s Mitsubishi UFJ Financial Group (MUFG), and BNP Paribas Cardif. In October 2023, it had secured $60 million in Series B funding, also led by MUFG.
According to filings, InsuranceDekho’s operating revenue surged 73.5% to Rs 1,290 crore in FY25, up from Rs 743.6 crore in FY24. The company, however, reported a net loss of Rs 47.5 crore, compared with a net profit of Rs 85.7 crore in the previous year.