Archive · 7 Nov 2025
CCI Approves Merger of CarDekho Group Entities into Artivatic Data Labs
Imagine several companies that help people buy insurance and other financial products.
One big company, called the Girnar Group, owns some of these companies like InsuranceDekho and also helps run another called RenewBuy.
They also have a technology company that uses smart computer programs to help with insurance, called Artivatic.
Now, a government group called the CCI has said it's okay for these companies to join together into Artivatic.
This is like putting all the pieces of a puzzle together to make one big picture.
The goal is to make a super-large online store for insurance that uses smart technology to make things easier and faster for everyone.
This merger will combine their efforts to reach more people and improve how insurance is sold and managed.
CCI has approved the merger of four entities: Girnar Finserv, Girnar Insurance Brokers (InsuranceDekho), D2C Consulting Services, and RB Info Services (RenewBuy) into Artivatic Data Labs.
The merger aims to consolidate Girnar Group's insurance and fintech operations under a single unified structure.
Artivatic Data Labs is an AI-native insurtech platform providing underwriting and claims automation.
The combined entity will create one of India's largest tech-led insurance marketplaces, bringing InsuranceDekho and RenewBuy under one umbrella.
The merged group is projected to have a valuation of around $1 Bn (INR 8,000 Cr), despite InsuranceDekho reporting a net loss in FY25.
- Who
- Competition Commission of India (CCI), Girnar Group, Artivatic Data Labs, InsuranceDekho, RenewBuy
- What
- CCI approved the merger of four Girnar Group and RenewBuy entities into Artivatic Data Labs.
- When
- November 7
- Where
- India
- Why
- To consolidate Girnar Group's expanding insurance and fintech operations under a unified structure, creating a large tech-led insurance marketplace with AI-driven automation capabilities.
Pre-Merger Entities
Merged Entity
Operational Focus
Pre-Merger Entities
Girnar Finserv and Girnar Insurance (InsuranceDekho) focused on marketing and insurance distribution. D2C Consulting Services and RB Info Services (RenewBuy) powered insurance and financial product distribution through digital advisors.
Merged Entity
The merged entity, Artivatic Data Labs, will integrate AI-native insurtech capabilities for underwriting and claims automation, consolidating insurance marketplaces.
Valuation and Growth
Pre-Merger Entities
InsuranceDekho valued at over INR 5,000 Cr and RenewBuy at about INR 3,000 Cr. InsuranceDekho raised $70 Mn in March 2025.
Merged Entity
The combined group is projected to command a valuation of around $1 Bn (INR 8,000 Cr). InsuranceDekho reported a net loss of INR 47.5 Cr in FY25 after a profit in FY24, despite revenue growth.
- Regulator
- Competition Commission of India (CCI)
- Entities Merged
- Girnar Finserv, Girnar Insurance Brokers (InsuranceDekho), D2C Consulting Services, and RB Info Services (RenewBuy)
- Acquiring Entity
- Artivatic Data Labs
- Parent Group
- Girnar Group (CarDekho's parent)
- Approval Date
- November 7
- Projected Valuation of Merged Entity
- $1 Bn (INR 8,000 Cr)