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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]
10: PNB MetLife India Insurance Co. Ltd. Private Mumbai: 2001 11: Reliance Nippon Life Insurance Company: Private Mumbai: 2001 12: Aviva Life Insurance Company India Ltd. Private Gurugram: 2002 13: Sahara India Life Insurance Co. Ltd. Private Lucknow: 2004 14: Shriram Life Insurance Co. Ltd. Private Hyderabad: 2005 15: Bharti AXA Life Insurance ...
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.
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 ...
The primary regulator for insurance in India is the Insurance Regulatory and Development Authority of India (IRDAI) which was established in 1999 under the government legislation called the Insurance Regulatory and Development Authority Act, 1999. [10] [11]
InMobi was ranked 15th on the ‘World's Top 50 Innovative Companies 2016’ by Fast Company, a US-based business magazine. InMobi was also the number one company from India on the list ranked at 15th [48] InMobi was featured amongst The Economic Times ‘India's best workplaces of 2016’ for workplace culture transformation. [49]