- [What The Financials] With $10.5 Mn In Revenues & 10% Fall In Expenses In FY16-17, BankBazaar Is Set To Disrupt Fintech Chennai-based online financial marketplace BankBazaar, which completed 10 years of operations in February 2018, has slowly but surely emerged as a company to reckon with in the Indian fintech space. In FY16-17, it posted revenues of $10.5 Mn and decreased its losses by 15% compared to the preceding financial year. Till date, it has raised […]
- SoftBank’s Latest Investment Might Turn PolicyBazaar Into A Unicorn Gurugram-based online insurance startup PolicyBazaar may soon become a unicorn following nearly $200 Mn (INR 1300 Cr) investment led by Japanese conglomerate SoftBank. A TOI report quoted people close to the development stating that the fund infusion can lead PolicyBazaar’s valuation to the tune of $1 Bn, thereby, making it a unicorn. PolicyBazaar is also […]
- IT Service Company Zensar Set To Acquire Insurance Tech Startup Cynosure For $33 Mn Pune-based IT services company Zensar is set to acquire US- and Bengaluru-based insurance technology startup Cynosure for $33 Mn. According to the reports, the move is aimed at expanding Zensar’s foothold in the growing property and casualty insurance sector. Post the acquisition, Cynosure will be managed by its founders, while its US and Bengaluru-based teams […]
- News Roundup: 9 Indian Startup News Stories That You Don’t Want To Miss This Week [12-17 Mar 2018] We bring to you the latest dope of Indian startup news stories of the week from the Indian startup ecosystem. One of the biggest news impacting the Indian startup ecosystem was edtech platform BYJU joining the unicorn club. According to filings with the Ministry of Corporate Affairs, the latest capital infusion, including the one by […]
- Online Insurance Company PolicyBazaar Gears Up To Explore Healthcare Tech And Services Market Gurugram-based eTechAces Marketing and Consulting Pvt Ltd, which owns and operates online insurance company PolicyBazaar and lending company PaisaBazaar, will now explore the healthcare tech and services segment. Reportedly, PolicyBazaar has reserved $100 Mn for the new venture, which is presently being called PaisaWiki and has put together a team of 20 people, being led […]
- Paisabazaar To Get $31.58 Mn Funding From Parent Firm EtechAces Paisabazaar, the online financial services arm of digital insurance aggregator PolicyBazaar, has received a funding commitment of $31.58 Mn (INR 200 Cr) from its parent firm EtechAces Marketing and Consulting. This is part of $78.9 Mn (INR 500 Cr) pre-IPO fund raised by EtechAces in October 2017 from True North and IDG Venture Partners. Founded […]
- Wellington Management Leads $77 Mn Funding Round In Online Insurance Aggregator PolicyBazaar Online insurance policy aggregator PolicyBazaar has raised $77 Mn (INR 500 Cr) equity funding in a round led by global asset management firm, Wellington Management. The round also saw participation from IDG Ventures India and PE firm True North. A clutch of existing backers, including Tiger Global Management, Singapore government-run Temasek and PremjiInvest, also joined […]
- From Mobile Payment to SME Lending: Top 5 Fintech Fundings Of The Past 3 Years [Note: This article is part of The Junction Series. We will be covering the FinTech sector in detail at The Junction 2017 in Jaipur. Learn more about The Junction here!] In the past couple of years, the buzz around Indian fintech startups has gained substantial attention worldwide. With an ever increasing number of deals and some astronomically large ticket sizes, […]
- From Selling First Policy In 4 Months To 25K Policies Per Month: Coverfox Looks To Take On $2.5 Bn Auto Insurance Market [Note: This article is part of The Junction Series. We will be covering the FinTech sector in detail at The Junction 2017 in Jaipur. Learn more about The Junction here!] Insurance is a risk-laden business. Due to the sensitive, fraudulent, and expensive nature of churning out policies, it is not a venture one enters into without having prior background, […]
- $1.77 Bn In 158 Deals: Indian Fintech Market Report 2014-2016 Disruption is a word used way too lightly in the world of startups today. It is hard to imagine every other company “drastically altering or destroying the structure of…” any industry. However, in the Indian landscape, a particular sector has truly redefined the established order. The financial sector was previously run by age-old organisations working, […]
- News Roundup: 9 Startup Stories That You Don’t Want To Miss This Week [10 October – 15 October] Chinese smartphone maker OnePlus has announced the launch of its exclusive ecommerce website in India. The move on OnePlus’ part appears to create a personalised shopping experience for its Indian user-base. Important Developments Of The Week The Indian Express Launches InUth.com The Indian Express Group has launched its video content platform InUth.com in beta. The […]
- Nexus And Blume Back Insurance Platform Turtlemint Online-insurance seller, Turtlemint, has raised an undisclosed amount in a funding round led by Nexus Venture Partners. Blume Ventures also participated in this round. The startup will use the newly raised capital to scale up its technology & operations and to expand the team. Anup Gupta, Managing Director, Nexus Venture Partners said, “The Indian market […]