Girnar Insurance Brokers Private Limited announced a private placement of 1,49,16,506 common shares at a price of INR 201.12 each for the gross proceeds of INR 3,000.007687 million in a round of funding co-led by new investors TVS Capital Funds Limited for INR 723.5 million and Goldman Sachs Asset Management, L.P. for INR 1,535 million on January 6, 2023. The transaction also included participation from Investcorp Holdings B.S.C., Avataar Venture Partners, Alstroemeria Investments Pte. Ltd., individual investors such as Vineet Dhingra, N Laxmi Narayan, Shridham sons, and others collectively for INR 741.5 million.

The company raised money post money valuation of INR 11,000. West Street Global holds 14.71%, TVS Capital holds 6.95%, Avataar Ventures holds 6.95%, and Investcorp command holds 1.44% stake in Girnar Insurance Brokers Private Limited as a part of the transaction.