PolicyBazaar

Fintech has been a transformative force in the Indian market with digital payments, lending and investments

India’s adoption rate for fintech products stands at 59%, which is the second-highest pace worldwide

Here's a list of the leading fintech startups in the country across the various sub-sectors

Tiger Global put its 21% stake for sale seeking valuation of $1.5 Bn

Chinese internet giant Tencent and investor SoftBank among potential buyers

SoftBank may also increase its stake to about 20% in the company

PolicyBazaar had accused Acko of infringing on its trademarks

Court had earlier ordered Acko to stop using variations of Policy Bazaar in its keywords

Acko responded with allegations that PolicyBazaar had been using its name as a keyword too

Paytm may acquire Coverfox for $100 Mn - $120 Mn in an all-cash deal

Paytm’s board is in the process of finalising the aspects of the deal

If successful, Paytm will become a direct competitor to Policybazar

SoftBank Ventures Asia may invest $10-20 Mn in each startup

It will focus on companies working across consumer internet space, healthcare, and fintech

However, no deals in India has been finalised as of yet

Tutlemint will use funds to increase the number of insurance partners

It will also deploy the funding for creating video content

Other existing investors, Nexus Venture Partners and Blume Ventures also participated

Hospitality chain OYO fuels its international expansion with a billion-dollar cheque

More than 13 startups raised fundings worth over $100 Mn in 2018

The unicorn club got seven new entries

Policybazaar partners with blockchain company Accrivis Network to implement the ledger technology

US blockchain company ConsenSys has acquires asteroid mining firm Planetary Resources Inc

Caribbean Examinations Council to issue blockchain certificates

PolicyBazaar has raised $364 Mn till date from investors such as InfoEdge, SoftBank, Tiger Global, Temasek etc

PolicyBazaar started its operations in 2008 as a web aggregator and comparison website for insurance products

The company continued to invest heavily in marketing and promotional activities recording an increase of 216% for FY18

• Blume Ventures absorbed Sajith Pai into its team
• T-Hub has appointed Srinivas Kollipara as interim CEO
• Other companies prominent this week were Ola, Gamepind, PolicyBazaar, MoneyTap, Conduent, and Facebook

• Patanjali made social media platforms such as Google, Facebook, and Youtube take down defamatory content
• Infibeam has registered a 26% increase in revenues, thereby earning $13 Mn in Q1 FY 2019
• MakeMyTrip posted a net revenue of $137.4 Mn for the first fiscal quarter ending June 30, 2018

PolicyBazaar plans to work with China’s Ping An Good Doctor, which is backed by SoftBank, to strengthen DocPrime

Ping An Good Doctor connects patients with doctors and claims to have over 190 Mn registered users and more than 30 Mn monthly active users

DocPrime is a monthly subscription service that will provide complete coverage of outpatient department expenses incurred by users