Why Paytm needs a partner
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Raheja QBE General
Insurance Company for a year, is now looking for a partner for its general insurance business in the hope that this will speed up regulatory approvals.
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Paytm’s looking for a match
Paytm is in the midst of sorting out its IPO, having filed its draft prospectus with markets regulator Sebi earlier this month. But that’s just one of the many moving parts the company is dealing with.
Synopsis
The startup aims to achieve an asset under management of $150 million in the next two years.
ETtech
Illustration: Rahul Awasthi
Mortgage finance startup Easy has announced that it has raised $15 million as part of a Series-A funding round which was led by private equity firm Xponentia Capital Partners.
The round, which closed at an undisclosed valuation, saw participation from venture capital funds that are existing investors, such as Harbourfront Capital, Finsight VC, RaSa Future Fund, Navida Capital AB, Helena Wasserman Eriksson and Integra Software.
Easy, founded in August 2018 by Rohit Chokhani, had raised an undisclosed amount from Harbourfront Capital in August 2019. The startup aims to achieve an asset under management of $150 million in the next two years.
PR Srinivasan who is the managing partner of Xponentia Capital will join the board of Easy
Easy aims to achieve $150 Mn assets under management in the next 24 months
Mumbai-based mortgage tech startup Easy has raised $15 Mn in its Series A round led by Xponentia Capital Partners. Existing investors Harbourfront Capital, Finsight VC, RaSa Future Fund, among others participated in the round.
Founded in 2018 by Rohit Chokhani, Easy offers mortgages to underserved customers via mobile. The startup operates across the country in a phygital model and claims to offer instant decisions on home loans. The startup is registered under the National Housing Bank.
[Funding alert] Micro-insurance startup Bimaplan raises $500K from Titan Capital, Y Combinator, others
Mumbai-based startup Bimaplan will use the funds to build its team and develop its product, which will help it achieve $1 million ARR in the next 12 months.
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$500,000 seed round from
Titan Capital and other marquee investors.
Y Combinator,
Anupam Mittal of Shaadi.com,
Jitendra Gupta of Jupiter, Ramakant Sharma of Livspace,
Ritesh Malik of Innov8, Roshan Abbas, Pallav Nadhani, Abhishek Rungta, Nisarg Shah, and Yash Jain, Nimesh Kampani, and Shanti Mohan of LetsVenture.
The Mumbai startup will use the funds to build its team and develop its product offering, which will help the company achieve $1 million ARR in the next 12 months.
Bimaplan Raises $500,000 In Seed Round From Titan Capital The startup will use the funds to build the team and to develop the product
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Mumbai-based micro-insurance platform Bimaplan, on Tuesday, announced to have raised $500,000 in a Seed round of funding from Titan Capital and other marquee groups of investors. The funding saw participation from Y Combinator, Dream Incubator, RaSa Future Fund, Finsight Ventures, 2 a.m. Ventures, Rajesh Sawhney of GSF Accelerator, Anupam Mittal of Shaadi.com, Kunal Shah of Cred, Jitendra Gupta of Jupiter neo-bank, Ramakant Sharma, Ritesh Malik of Innov8, Roshan Abbas, Pallav Nadhani, Abhishek Rungta, Nisarg Shah, Yash Jain of Sparrow Capital, and Nimesh Kampani and Shanti Mohan of LetsV