The IIFL Group’s early-stage investment vehicle, IIFL Fintech Fund, has invested $2 million in insurance technology startup Insurance Samadhan for a 16 per cent stake, valuing the platform at around $13 million.
The company added that it has already invested 50% of the fund’s Rs 210 crore corpus, making this the fintech fund’s 10th investment and its first in the insuretech sector. Samadhan is an online platform for complaints about life, health, and general insurance that are related to mis-selling, lapsed policies, policy rejection, fraud, or claim rejection.
