InsuranceDekho’s founder and CEO Ankit Agrawal Tuesday said the leading Indian insurtech startup has acquired Verak, a Mumbai-based SME insurance distribution company. “Since its inception, Verak has had a solid foundation and ventured into the untapped micro-business insurance scheme, bringing small shopkeepers under the insurance umbrella for the first time and registering 30 percent MoM premium growth every month,” Agrawal …
BENGALURU/MUMBAI : New York-based Goldman Sachs Asset Management and homegrown mid-market private-equity firm TVS Capital Funds led a $150-million investment in InsuranceDekho in the largest Series A round of funding by an insurtech startup in India. In November, VCCircle had first reported that Goldman Sachs and TVS Capital were likely to lead InsuranceDekho’s first external funding round that is likely …
With the increasing adoption of technology across all sectors, insurance companies are leaving no stone unturned to join the bandwagon. The integration of these technologies will result in improved claim processing, personalized insurance services, highly reliable data storage and transmission, increased automation, better operational efficiencies, effective customer services, and increased customer loyalty. For an industry that deals with huge volumes …
Paytm founder Vijay Shekhar Sharma, who will be selling ₹402.65 crore worth of shares in Paytm’s offer for sale, is likely to plough back a significant portion of the proceeds into the company’s general insurance arm Paytm Insurtech, a senior company executive told Mint on Thursday. Paytm owner One97 Communications Ltd., which is prepping for an IPO starting November 8, …
