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Info Edge proposes merger of subsidiary with Policybazaar parent

Info Edge proposes merger of subsidiary with Policybazaar parent
medianama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medianama.com Daily Mail and Mail on Sunday newspapers.

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Stellaris, Omidyar lead funding in Credflow and 10 more India deal updates

Stellaris, Omidyar lead funding in Credflow and 10 more India deal updates
April 14, 2021
Fintech startup Credflow, which offers cash flow management solutions for Indian small and medium enterprises (SMEs), has raised $2.1 million in its seed round of funding led by Stellaris Venture Partners, Omidyar Network India, and Flourish Ventures.
Angel investor Nitin Gupta (Founder of Uni.money) also participated in the round, per a company statement.
Credflow will use the funds to further develop its platform, strengthen its tech capabilities and build new products, with a focus on expanding its customer base. The company is also looking to expand its team across tech, product and marketing. ....

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Indian insurance companies can now invest in FoF

Indian insurance companies can now invest in FoF
After the unicorn parade we saw this week, there s more reason to cheer for Indian startups, thanks to the IRDA s move to allow Indian insurance companies to invest in Funds of Funds.
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After the unicorn parade we saw this week, there s more reason to cheer for Indian startups, thanks to the IRDA s move to allow Indian insurance companies to invest in Funds of Funds.
The latest IRDA move will mean greater inflow of domestic capital into the startup ecosystem and comes close on the heels of the recent decision of the government to allow private retirement funds to park certain percentage of their capital in Alternate Investment Funds (AIFs). ....

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Serum Institute, four others pick PolicyBazaar stake

Updated Apr 10, 2021 | 06:56 IST
In October 2020, True North had conducted the first tranche of its stake sale in the company. It continues to be invested in the company for its next phase of growth
Serum Institute, four others pick PolicyBazaar stake
New Delhi: Private-equity fund True North on Friday sold part of its holding in India’s largest online insurance aggregator PolicyBazaar to five independent buyers, including vaccine producer Serum Institute of India. Aside from Adar Poonawalla led SII, Ashoka India Equity Investment Trust Plc, Triumph Global Holdings Pte, IIFL Special Opportunities Fund Series 8 and India Acorn Fund are the other four buyers. ....

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India: Serum, others pick insurtech startup PolicyBazaar's stake

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We ....

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