It's Thai-me to get insured. Meet Roojai! This Thailand-based B2C insurtech just raised a $42M Series B.

• Their premium income in Thailand shot up 25% to $38M, and customers increased by 40% to 150k.

Investor check. HDI International led the round. The IFC also joined in!

• $32M is a direct injection into the company, while the remaining $10M will come from a secondary share sale.
• They last raised a $7M Series A in 2018.

‍

⬇️ Started from the bottom

Launched in 2016, Roojai initially started by only selling motor insurance to customers — making it online, transparent and affordable.

‍

💯 Now we're here

Now, they sell insurance for cars, motorbikes, personal accidents, cancer and even critical illnesses!

Fast. Easily access Roojai on your phone, receive an insurance quote in seconds and get your insurance coverage in just minutes after paying!

• Save up to 30% just by using their platform. They even promise to return your money if you find cheaper insurance plans!

‍

🌏 Expansion, expansion, expansion

The new $$$ will be invested into their first market, Thailand, to grow their success across non-motor insurance products.

They'll also invest in Indonesia (which they expanded into last year). Plus, some cash will go into new markets in Southeast Asia, with the Philippines being the next on their list.

• They'll be expanding through organic expansion and M&A opportunities!