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Policybazaar raised US$5 million in its third round of funding in April 2013. This Series B investment was led by Inventus Capital Partners along with Info Edge and Intel Capital. [21] [22] [23] In May 2014, Policybazaar.com raised $20 million in a Series C round of funding from existing investors including Tiger Global Management. [23]
Paisabazaar, co-founded by Yashish Dahiya , [6] [7] Alok Bansal, and Naveen Kukreja in Gurugram, Haryana in 2014, [8] [9] is owned by PB Fintech, the parent company of the insurance technology platform Policybazaar. In July 2018, the platform achieved an annualized loan disbursal rate of $1 billion.
Some of the firm's investments include startups such as Myntra, Lenskart, CureFit, PolicyBazaar, FirstCry, and Bounce. [ 4 ] [ 5 ] On August 21, 2020, it was announced that CDC Group , a UK Government owned development finance institution had committed $10 million in Chiratae ventures' Fund IV , which focuses on early stage technology enabled ...
Deal registration programs, under which vendors register the partner who has brought them a potential deal with a qualified prospect as their intended or preferred channel for a subsequent sale, [3] allowing the registered partner a discount on the sale price. [4] Programs are sometimes criticized for their complexity [5] Indirect sales ...
The Federal Reserve cut its benchmark interest rate Wednesday to between 4.25% and 4.5%. The central bank also projected two cuts next year instead of four, sending stocks tumbling.
However, partners may be deemed liable for omissions or actions done by themselves if they lacked the relevant authority from the partnership or the affected party knew that such partner lacked authority or had no reason to believe that such person was a partner in the partnership. Registration is what vests such legal personality upon the entity.
A silent partner or sleeping partner is one who still shares in the profits and losses of the business, but who is not involved in its management. [20] Sometimes the silent partner's interest in the business will not be publicly known. A silent partner is often an investor in the partnership, who is entitled to a share of the partnership's profits.
ICICI Lombard's Gross Written Premium was ₹ 217.71 billion (US$2.5 billion) in the 2023 fiscal year. [14] ICICI Lombard had the second highest industry market share of 8.30 percent in the general insurance market as of February 2022. [15]