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Insurance policy provider Acko is the latest Indian startup to become a unicorn, joining nearly three dozen other firms in the world's second-largest internet market that have attainted the ...
The majority of these deals have been in the digital payment sector and recently in alternative lending and InsurTech as well. Top investments include a PE investment of US$600 million in Pine Labs, and large VC funding rounds by BharatPe (US$395 million), Razorpay (US$375 million), and OfBusiness (US$325 million). [6]
The company grows as insurtech technology innovations in insurance company with 200+ global customers, according to its annual report in 2020. [7] In March 2021, property developers Aurum Platz IT acquired the promoter's stake of 14.78 percent in Majesco. It extended an open offer to shareholders to acquire 26 percent more stake in the company. [8]
In 2021, Sønr Global, an insuretech scouting company named BIMA in the top 20 of its global insuretech company rankings. [5] Its "Fintech for Health Platform and Health Wallet" was shortlisted for the semifinals of Most Promising Innovation at the Techblazer Awards 2021, a competition organised by the Singapore IMDA and SGTech.
Acko General Insurance was founded by Varun Dua, is the Chief Executive Officer. [7] As of 2018, Acko has raised ₹274 crore ($42 million) in funding from investors such as Amazon, Accel Partners, SAIF Partners, Catamaran Ventures.
10 ECGC Limited: Govt. Mumbai: 1957 11 Future Generali India Insurance: Private Mumbai: 2007 12 HDFC ERGO General Insurance Company: Private Mumbai: 2002 13 ICICI Lombard: Private Mumbai: 2001 14 IFFCO TOKIO General Insurance Private Gurugram: 2000 15 Zurich Kotak General Inusrance: Private Mumbai: 2015 16 Liberty General Insurance: Private ...
Two Indian technology veterans have set up a new fund that they hope will help the county churn out world-class, billion-dollar startups. Nandan Nilekani, a co-founder and the former CEO of $33 ...
Almost 10 years ago, Fortune famously published a magazine cover with a unicorn dressed in a hoodie. Today, that unicorn returns, but with a twist—it’s a unicorpse. Today, that unicorn returns ...