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INSURTECH STARTUPS OFFLINE
Top startup and tech stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Insurtech’s offline push; GST heat on Zomato explainedHappy Monday! Insurtech startups are opting for an offline strategy for deeper market reach. This and more in today’s ETtech Morning Dispat...
From digital to doorstep, insurtech startups take the offline route, will it work?Indian insurtech startups, initially focused on online sales, are now rapidly expanding their networks of physical agents. This shift, driv...
Digit cuts valuation for IPO; Internet firms vs Google in NCLATInsurtech startup Digit is eyeing a discounted $3 billion valuation through its proposed public offering. Details on this and more in today...
December dip in online sales; insurtech firms chart fresh growth pathsAfter an expected spurt during the festive season, ecommerce sales saw a larger-than-usual dip in December. This and more in today’s ETtech...
How fintechs got their fingers in every pie; and other top tech, startup stories this weekOn Wednesday, ET wrote about how fintechs were adding more than 42% of the new investors in mutual funds every month. And this is not uniqu...
Credit a better bet for fintechs eyeing expansion: PBFintech's Yashish DahiyaWhile admitting that there is a viable business to be set up in digitising the physical agent network, Dahiya said there is definitely a bu...
Policybazaar expands revenue share from new business linesPBFintech has narrowed loss margins in new businesses to 1% from 51% in less than two years.
Insurtech startup Turtlemint bags $120 million as valuation tops $900 millionThe company intends to use the fresh funds to expand in new geographies, including international expansion into Southeast Asia scale its le...
Note to lenders: Anyone who can code well can be a bankerFinance is getting impatient in the digital age. Indians now pay and receive Rs 7.7 lakh core a month via apps running over a shared public...
2021 - Unfolding of the true potential of the Indian entrepreneurThe acceptance of startups as a catalyst to the growth of the economy has encouraged not only foreign but also domestic investors to alloca...
Policybazaar shares end nearly 23% higher on market debutThe IPO of PB Fintech, which operates Policybazaar and Paisabazaar, was subscribed 16.59 times last week. The stock listed at a premium of ...
Acko raises new funds led by General Atlantic, Multiples as valuation jumps to $1.1 billionAcko, which is the newest Indian unicorn, was last valued at around $400 million last year.
Tech’s the future for insurersUnforeseen calamities in the past few years have acted as a tailwind for insurance companies, as they seek to up their technology game eith...
ETtech Exclusive: Acko in talks to raise $200 million, may become India’s next unicornHeightened interest among risk investors in the overall fintech sector, due to greater digital adoption triggered by the Covid-19 pandemic,...
E-commerce confusionIn today's ETtech Morning Dispatch: E-tailers unclear on 'flash sales' ban despite clarification; Amazon to hold Prime Day in amid tighter ...
Amazon backs MyGlamm in first consumer brand bet in IndiaMyGlamm, which competes with Nykka, Purplle, Plum and Juicy in India’s online cosmetics space, has raised Rs 175 crore in a series C fundin...
ETtech Deals Digest: PolicyBazaar rejigs cap table, Cashify bags $15 mnWhile a lot of companies were in talks to raise fresh funding in the last five days, the week witnessed smaller rounds compared to the prev...
Fintech startups re-bundling their products, expanding into new geographies: GlobalDataGlobalData said One97 Communications, the parent company of Paytm, became the first fintech unicorn in India after securing $1.6 billion in...
Max Life Insurance to expand scope of insurtech accelerator programmeThe company is now expanding the scope of focus areas to include new challenges including speech recognition, document parsing, alternate t...