The National Basketball Association’s plan to tap African fans and new players in the world’s most youthful continent spurred billionaire Prem Watsa-backed private equity firm to invest in the franchise at a valuation of $1 billion.
(Bloomberg) The National Basketball Association Inc.’s plan to tap African fans and new players in the world’s most youthful continent spurred billionaire Prem Watsa-backed private equity firm to invest in the franchise at a valuation of $1 billion.
Helios Fairfax Partners Corp.
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Digit’s fundraising comes at a time when rival Acko is said to be in advanced talks to raise $200 million to become a unicorn, thus underscoring the heightened investor interest in India’s insurtech space.
ETtech
Digit’s funding round one of the largest in India’s general insurance industry will propel the startup into the ranks of the most valued ‘insurtech’ ventures in South Asia. (Illustration: Rahul Awasthi/ETtech)
Mumbai: Canadian billionaire Prem Watsa-backed general insurance startup Digit is raising $200 million from new investors Sequoia Capital India and IIFL Alternate Asset Managers as well as existing investor Faering Capital and others in a round expected to double its valuation to $3.5 billion in less than six months, a top executive said.
CSB Bank strengthens senior leadership, aims for 30% growth
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While continuing to bank on gold loans as primary growth driver, the bank is set to target opportunities in the SME, two wheeler and secured loan segments.
Agencies
Canadian billionaire Prem Watsa-backed
CSB Bank is targeting a 30% growth on its Rs 13,000-crore loan book. The bank is reworking a retail strategy after industry veteran Pralay Mondal joined the leadership team at the end of last year.
While continuing to bank on gold loans as primary growth driver, the bank is set to target opportunities in the SME, two wheeler and secured loan segments.