SUMMARY
- InsuranceDekho, has announced a series of new appointments to its executive team, including Manish Mahajan’s appointment as the chief business officer for the consumer business division within the startup.
- Nishant Gupta has been appointed as the Vice President of Technology, bringing his expertise from companies such as BharatPe, Goibibo, and MakeMyTrip.
- Sonali Mitra has been appointed as the Vice President to manage strategic projects within the founder’s office.
CarDekho‘s insurance subsidiary, InsuranceDekho, has announced a series of new appointments to its executive team, including Manish Mahajan’s appointment as the chief business officer for the consumer business division within the startup.
In a press release, InsuranceDekho highlighted Mahajan’s extensive background, noting that he brings over two decades of experience in the insurance sector, having worked with leading companies like Aviva Life Insurance and Max Life Insurance.
In his new position, Mahajan will be responsible for driving the company’s expansion efforts and establishing key partnerships to enhance the insurance firm’s operations.
Additionally, Nishant Gupta has been appointed as the Vice President of Technology, bringing his expertise from companies such as BharatPe, Goibibo, and MakeMyTrip. In his role, Gupta will lead key technology initiatives and advance InsuranceDekho’s technological infrastructure.
Moreover, Sonali Mitra has been appointed as the Vice President to manage strategic projects within the founder’s office. She holds 17 years of experience across firms in the likes of Flipkart, Ikea, Mondelez, and Pepperfry.
Prashant Kalaver and Shruti Kapoor have also joined InsuranceDekho as the Head of Internal Audit and Finance Controller, respectively.
Founded in 2016 by Ankit Agrawal and Ish Babbar, InsuranceDekho is a digital insurance platform that offers a wide range of services, including investment options and tax schemes in addition to insurance products. The company currently has partnerships with 48 insurance providers, offering over 630 insurance plans on its platform.
Divya Mohan, chief human resources officer at InsuranceDekho, commented, “These leaders not only bring professional excellence but resonate with the company’s ethos and core values. Their diverse backgrounds and rich experiences will be essential, while we build an organisation for the future.”
Mohan further mentioned that the company is in the midst of rapid expansion and has introduced several new positions to support this growth. All these positions are newly established, with the exception of the finance controller role.
The company mentioned that it has also initiated a significant recruitment campaign in addition to the mentioned leadership appointments. In the previous year, it brought on board more than 30 associate directors and senior-level managers.
Towards the end of 2023, the company secured $60 million as a part of its ongoing Series B financing round, which was almost on the verge of a unicorn status.
Meanwhile, a recent report suggests that InsuranceDekho is also in the process of acquiring a majority stake in Bengaluru-based wealthtech startup BankSathi, which is anticipated to strengthen InsuranceDekho’s position in the credit product sales market.
