Roojai raises $42 million

Thai insurance startup Roojai has raised $42 million in Series B funding led by HDI International, a subsidiary of German insurance company Talanx.

Launched in 2016, Roojai operates as an MGA and it has partnerships with several insurance companies such as AXA Thailand. Some of the products it offers include car insurance and accident insurance.

Roojai claims to have 150k customers.

“We are delighted to welcome HDI as one of our core shareholders, which further solidifies our relationship with the Talanx Group after 4 years of a very fruitful partnership with Hannover Re. This is a testament that our constant focus on sound insurance fundamentals over the last six years has been key in attracting high-quality and industry-leading investors who can help us expand to the rest of Southeast Asia while sustaining our customer-centric growth in our core markets.” – Nicolas Faquet, CEO and founder of Roojai.