India, March 4 -- CarDekho's insurance arm InsuranceDekho has raised $70 Mn (around INR 611 Cr) in an undisclosed funding round co-led by existing investors, including Beams Fintech Fund, Mitsubishi UFJ Financial Group (MUFG) and insurer BNP Paribas Cardif.

The company plans to deploy the freshly raised funds in expanding its footprint, enhancing its tech stack and strengthening its position in the Indian insurance market.

"With our continued focus on digital transformation and customer-centric solutions, we are well-positioned to drive the next wave of insurance adoption in India," said InsuranceDekho founder and chief executive officer Ankit Agrawal.

(The story will be updated soon.)

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