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Fairfax has also proposed bringing its interests in Go Digit Life Insurance, Go Digit General Insurance and IIFL Capital Services under IDBI Bank.
The fresh capital will be used for product development, customer deployments, and expanding its engineering teams across the US, India, and Israel.
Under the agreement, BlackSoil will absorb the entire solar financing vertical, including its leadership team, technology stack, brand assets and operational framework.
The funding round saw participation from IvyCap Venture, Capital-A, Antler and others.
Flourishing AI (FAI) benchmark is developed in partnership with Gloo, a company former CEO Pat Gelsinger invested in over a decade ago.
PhonePe co-founder Rahul Chari said that the company has initiated active DR drills, with heightened cybersecurity measures on its network firewall.
As of now, state-owned General Insurance Corporation of India (GIC Re) is the only reinsurer in the country.
Recent data from the National Cybercrime Reporting Portal reveals a sharp increase in digital fraud incidents across India, with over 7,000 complaints reported daily...
