India’s leading insurance platform, InsuranceDekho said on Tuesday, that GirnarSoft has committed to invest $20 million (around Rs 147 crore) in the company. The firm said that the fund would be used for “branding and strengthening their tech, product and sales teams”.

“This new capital infusion will be used to expand our digital footprint. We are already a force to reckon with in the B2B space. With this round we aim to invest in branding and marketing to strengthen further our B2C platform which has been seeing strong traction over the last two quarters,” said CEO and Co-Founder of InsuranceDekho, Ankit Agrawal.

InsuranceDekho is an omnichannel insurance platform and a subsidiary of GirnarSoft. Recently, it has announced plans for onboarding 1 lakh insurance advisors across the country and has enrolled 20,000 advisors. The company in a statement said, “With a network in more than 450 cities across the country, InsuranceDekho has achieved rapid growth, with the company business doubling every quarter and tie-ups with 26+ general insurance companies”.

Amit Jain, CEO and Co-founder, GirnarSoft commenting on the investment said, “InsuranceDekho started as a modest initiative to complete the ecosystem play. Over the years, under Ankit Agrawal’s leadership, it has taken a life of its own and ranks among the leading insuretech companies in the country. The other ventures of GirnarSoft are CarDekho.com, Zigwheels.com and gaadi.com.”