Insurtech major InsuranceDekho has rolled out its first-ever ESOP liquidity program worth $2 million, enabling employees to partially cash out their vested stock options.

Around 150 current and former employees participated in the secondary sale, realizing financial gains while retaining equity in the company’s future growth. The initiative marks a key step in recognizing employee contributions and fostering long-term wealth creation within the organization.

InsuranceDekho stated that it plans to expand its ESOP program with additional grants in the future, ensuring that employees across all levels continue to benefit as the company scales its operations.

Operating across 1,800 cities and 98% of Indian pincodes, InsuranceDekho is supported by 20 offices and over 2 lakh partners. The platform has insured more than 12,000 businesses and continues to grow its footprint nationwide.

The company blends AI-driven technology with human expertise to enhance onboarding, servicing, and customer support. Its portfolio covers motor, health, life, travel, pet, and corporate insurance, offering more than 650 plans from 48 insurers.

Earlier this year, InsuranceDekho raised $70 million in funding co-led by Beams Fintech Fund, Japan’s MUFG, and BNP Paribas Cardif. In October 2023, it had also secured $60 million in a Series B round led by MUFG.

As per media reports, the company’s operating revenue grew 73.5% to Rs 1,290 crore in FY25, up from Rs 743.6 crore in FY24. However, it recorded a net loss of Rs 47.5 crore in FY25 compared with a net profit of Rs 85.7 crore in the previous fiscal.