Quick commerce startup Zepto is looking to raise about $250 million from high-net-worth individuals and wealth management firms, including Motilal Oswal, IIFL and InCred, at a near-flat valuation of $5 billion, three people familiar with the matter told Mint. Ebitda positive Nearly 75% of Zepto’s 350 stores are Ebitda-positive, CEO Aadit Palicha told Mint in an interview in June, adding …
As the awareness and demand for term insurance gain momentum, Policybazaar has observed a steadily growing preference among High-Net-Worth Individuals for high-value insurance coverage. This shift is visible through an increasing number of HNIs opting for high-value policies of Rs 20 Crore over the last few years, the insurance marketplace said. Sarbvir Singh, joint group CEO, PB Fintech, said, “We …
India’s ultra-high-net-worth individuals with net worth over $30 million will rise by over half in the next five years. From the last count in 2022, the number is likely to grow to 19,119 individuals in the next five years in 2027, found a new report by real estate agency Knight Frank’s ‘The Wealth Report 2023’. However, the HNI population remained …
A surge in international investing by high net-worth individuals is pushing family offices in India to enter into foreign partnerships to deliver advice on investing in global markets. In May, Waterfield Advisors, which manages assets worth around $3.7 billion across 70 families in India, tied up with Zephyr Management, a US-based firm to manage international investments of its clients. We …
