Sachin Bansal Acquires DHFL General Insurance For INR 100 Cr

Flipkart cofounder and former CEO Sachin Bansal has acquired Mumbai-based insurance company DHFL General Insurance from Kapil Wadhawan-led financial services group Wadhawan Group Capital (WGC) for INR 100 Cr (USD 14 Mn). The deal is seen as a distress sale for WGC, which used to run the bankrupt homegrown company DHFL.

Source: INC42



Zomato Raises USD 150 Mn At USD 3 Bn Valuation From Ant Financial

Online food delivery unicorn Zomato has reportedly raised USD 150 Mn At USD 3 Bn valuations from existing investor Ant Financial, which is an affiliate of Chinese e-commerce business Alibaba.

Source: INC42



Ripplr Bags Seed Funding To Strengthen Tech Stack And Infrastructure

Logistics and distribution startup Ripplr have raised an undisclosed amount in a seed round led by 3one4 Capital and Sprout Venture Partners.

Source: INC42


Fashion and Lifestyle

FabAlley, Indya Owner High Street Essentials Raises INR 8 Cr

New Delhi-based fashion house High Street Essentials (HSE), the parent company of women’s exclusive brands — FabAlley and Indya announced that it has raised INR 8 Cr in venture debt from Trifecta Capital in the second round of debt infusion. Prior to this, in January 2018, HSE had raised its first venture-debt round of INR 5 Cr from Trifecta Capital. In December 2018, it had raised INR 60 Cr in Series B funding from SAIF Partners.

Source: INC42


Real Estate Tech

Elara Technologies Raises USD 70 Mn From Existing Investors To Accelerate Growth

Singapore-based real estate tech and advisory company Elara Technologies, which owns, and has raised USD 70 Mn from its existing investors NewsCorp and REA Group.

Source: INC42



Byju’s Valuation Jumps Again As Tiger Global Invests USD 200 Mn

Think and Learn Pvt. Ltd, which operates education-technology company Byju’s, has raised funding from the US-based Tiger Global Management.




IP Ventures Invests In Digital Payments Platform Escrowffrr

Trustmore Technologies Pvt. Ltd, which operates escrow-focussed digital payments platform Escrowffrr, has raised USD 150,000 (about INR 1.06 crore) from Inflection Point Ventures, a community of chief financial officers and senior professionals.