India, July 14 -- Insurtech startup InsuranceDekho is planning to file its DRHP with SEBI by the end of September.

The startup is eyeing a valuation of around Rs.9,500 Cr (around $986 Mn), ET reported, citing sources. The public issue is expected to comprise both a fresh issue of shares and an offer for sale (OFS) by existing investors, with the fresh issue likely to account for the larger portion. However, the final structure will be decided closer to the listing, the report said.

It added that InsuranceDekho is unlikely to raise a pre-IPO funding round.

Questions sent to InsuranceDekho remained unanswered at the time of publication. The story will be updated upon receiving a response.

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