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.
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.
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.