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Insurance premium generated through the platform grew 41% year-on-year to Rs 8,372 crore, driven by strong growth in health and protection insurance segments.
The company's loss ratio increased to 73.3% during the quarter from 70.3% a year ago.
For the fourth quarter of FY26, the company posted its first-ever quarterly net profit of Rs 3.1 crore but the profit included a deferred tax asset of Rs 8.2 crore.
The registration is valid from July 13, 2026, to July 12, 2029, allowing the company to distribute mutual fund products.
The funding round also saw participation from a group of angel investors.
Aspora, which aims to become neobanks for NRIs, built its tech infra for NRI banking in 2024. But...
Loan disbursements rose 37% year-on-year to around Rs 3,812 crore during the first quarter of FY27.
The venture capital firm had raised Rs 600 crore for its second fund and was expecting to hit the first close of the third fund this year.
The company’s Rs 883 crore public issue, priced between Rs 144 and Rs 152 per share, was subscribed just 1.2 times.
The chip is the first in what it describes as a multi-generation compute platform
The company allotted 2.61 crore equity shares to anchor investors at Rs 152 apiece, the upper end of its IPO price band.
As part of the collaboration, HSBC plans to develop more than 200 AI use cases over the next two years.
The company has fixed the price band at Rs 144-152 per share for the issue.
The lenders would be permitted to deploy technology-based mechanisms to restrict functionalities of a borrower’s mobile device.
The investment platform generated a combined internal rate of return (IRR) of 41% along with a 2.86x money multiple from the 16 exits in FY26.
The company's gross premium written rose 6% year-on-year to Rs 2,736 crore during the quarter, against Rs 2,576 crore in the corresponding period last year.
Currently, the feature is available to AI Pro and AI Ultra subscribers in India.
The public offering comes amid a broader wave of new-age listings, where public markets have increasingly doubled up as liquidity events for early investors.
In this edition, we write about ONDC, an experiment still thriving mostly inside Bengaluru's walls; and AGI timeline shifts.
In today’s edition, we look decode the banking redux underway; and how AI companies are luring India’s billion internet users with “free” tools.
