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Online Insurance Startup Acko raises $12 Mn from Amazon

28May By Lavina TolaniNo Comments

FUNDING

Online Insurance Startup Acko raises $12 Mn from Amazon

Acko Technology, an online insurance startup raised $12 million in a fresh round led by e-commerce giant Amazon India as informed by the company on Sunday. The funding round witnessed participation from new investor Ashish Dhawan and existing investor Catamaran Ventures (Owned by Narayana Murthy). The new infusion has taken Acko's total equity funding to about $42 million with its valuation at about $100 million. The round led by Amazon marks company debut in the financial sector where it will now co-create products with the insurance tech startup - besides being its distributor. Acko-headquartered in Mumbai came to inception in 2016 as an independent entity post a restructuring at online insurance aggregator Coverfox, which witnessed its co-founded Varun Dua step down to kicks...

Digital Lending Platform Capital Float Raises $45 Mn In Series C Round Led By Ribbit Capital

Digital lending firm Capital Float has recently announced that it has raised $45 million (around Rs 293 crores) in a series C round by Palo Alto based fintech investor Ribbit Capital,including existing investors SAIF Partners and Sequoia India. (more…)

Online Lending Platform Capital Float Raised USD 25 million (Rs 170 crore) Funding

Online lending platform Capital Float has raised USD 25 million (Rs 170 crore), led by Creation Investments Capital Management. The Series B financing also saw "significant participation" from existing investors like SAIF Partners, Sequoia India and Aspada, Capital Float said in a statement. This is the third round of funding, bringing the total equity capital raised by the company to USD 42 million. This round of growth capital will help Capital Float expand its lending footprint to over 20,000 small and medium enterprises in over 100 cities, and introduce new financial products online, it said. Founded in 2013, Capital Float has created a proprietary technology platform to evaluate the financial health of SMEs and efficiently deliver working capital to a segment that is under...