On March 9, 2021, Invictus Insurance Broking Services Private Limited closed the transaction. The company has received to a close at $46 million in the transaction. The company has received $16 million in its third and final tranche.

The transaction included participation from new investor Jungle Ventures Pte. Ltd. As part of the transaction, the member of Jungle Ventures Pte. Ltd. joined company's board of directors.