Paytm’s IPO Oversubscribed but Doesn’t See Blow-out Demand From Investors November 15, 2021 By Vishwadha Chander, Chris Thomas and Sankalp Phartiyal BENGALURU – Paytm’s $2.5 billion initial public offering (IPO), India’s largest, was oversubscribed at the close of bidding on Wednesday,...
Willis Towers Watson Agrees to Acquire Remaining 51% Stake in WTW India November 3, 2021 Insurance broker Willis Towers Watson announced the signing of an agreement to acquire the remaining 51% shares from Anemone Holdings...
Berkshire Hathaway, Other Foreign Firms to See Payoffs From India’s Fintech Revolution November 2, 2021 By Saritha Rai, Suvashree Ghosh and Baiju Kalesh China’s transformation from a financial-technology backwater into a $46 trillion-a-year global leader in digital payments left most international investors watching...
Amazon-Backed Indian Online Insurer Acko Valued at $1.1B in New Funding Round October 29, 2021 By Baiju Kalesh General Atlantic and local private equity firm Multiples Private Equity led a $225 million funding in Acko General Insurance, valuing...
Gallagher Completes Acquisition of India’s Edelweiss Gallagher Insurance Brokers October 18, 2021 Arthur J. Gallagher & Co., the Rolling Meadow, Ill.-based broker, announced it has completed its acquisition of Mumbai, India-based Edelweiss...
India Plans to Let Foreign Investors Hold 20% Stake in Life Insurance Corp.’s IPO October 8, 2021 By Shruti Srivastava India is considering a proposal for foreign investors to own as much as 20% in Life Insurance Corp., according to...
New Delhi-Based Insurtech Startup SafeTree Raises $1 Million in Seed Funding Round October 4, 2021 New Delhi-based insurtech start up SafeTree has raised $1 million in its seed funding round from angel investors Shams Ahmed...
India Likely to Block Chinese Investment in IPO of Insurance Giant LIC: Reuters September 23, 2021 By Aftab Ahmed, Manoj Kumar and Nupur Anand New Delhi wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp. (LIC) which is...
Amazon Enters India Wealth Management with Investment in Smallcase Technologies August 18, 2021 By Saritha Rai Amazon.com Inc. has made its maiden investment in India’s wealth management sector, participating in a $40 million round by fintech...
Indian Insurance Startup Policybazaar Files for $810M IPO August 2, 2021 BENGALURU – SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to 60.18 billion...