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Before joining Pluto, Abhishek Singh was associated with Upstox’s insurance business and spent more than a decade at OneInsure.
PB Fintech stated that the advisory does not have any material financial impact on the company.
The Bengaluru-based startup will use the fresh capital to strengthen its underwriting, actuarial, catastrophe modelling, and AI capabilities.
The latest sale follows another transaction in June, when Peak XV divested 33.33 lakh shares of Go Digit for around Rs 100 crore.
The company's loss ratio increased to 73.3% during the quarter from 70.3% a year ago.
The IPO preparations come as InsuranceDekho continues to work on its merger with insurance distribution platform RenewBuy.
Earlier this year, PhonePe's Share.Market and wealth business head Ujjwal Jain stepped down after four years with the company.
The Bengaluru-based company said the initiative will benefit 199 individuals, including 73 existing employees and 126 former team members.
Jumpp intends to roll out insurance offerings across health, life, motor, home and business categories through partnerships with insurance companies.
Raise Financial plans to invest $15 million to build a direct consumer insurance distribution platform.
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.
The IPO comprises of fresh issue of equity shares of up to Rs 660.7 crore, and an offer for sale (OFS) of up to 28.6 million equity shares by shareholders.
Acko's net loss narrowed to Rs 424.4 crore in FY25 from Rs 669.9 crore in the previous fiscal.
CarDekho-parent Girnar Group’s four entities will be merged into Artivatic Data Labs, an AI-focussed insurtech startup RenewBuy acquired in 2022.
PB Fintech's net profit grew 2.6x to Rs 134.8 crore in the July-September quarter.
Net profit jumped 31% to Rs 116.51 crore in the three months ended September 30, 2025.
Go Digit added it plans to respond within the stipulated period, submitting supporting documents and evidence.
Turtlemint said it has filed the pre-filed DRHP with SEBI and the stock exchanges, in relation to the proposed IPO.
A major violation involved the company's failure to inform regulators about key leadership personnel holding board positions at other firms.
Ajay Seth's most recent role was as finance secretary, preceded by his tenure as secretary in the Department of Economic Affairs.
