ZiffyHomes acquires Nivaasa; Ideal Insurance raises funds
Digital transformation is the buzzword across industries as companies step up adoption of emerging technologies. Microsoft estimates that digital transformation would contribute $154 billion to India’s GDP by 2021 and add a percentage point to the growth. Microsoft says emerging technologies are disrupting age-old business models in India. In 2017, four percent of our GDP was derived from digital products and services created with new tech. It will only grow.
Venture Catalysts has announced that it has invested $1 million in Kolkata based insurance management company Ideal Insurance Brokers Pvt. Ltd, a brainchild of Rahul Agarwal, a Chartered Financial Analyst, it is an insurance-based risk solution provider offering insurance products in the domains of health, life, fire, marine, infrastructure, credit, etc.
India is going through a logistics revolution with many truckers, warehouses, and shippers adopting digital technology. logistics is hard work and those who build technology to bring all players - be it SMBs, brands, truckers, or shippers - together on a common platform for price discovery and transparency know that it is a business of scale. This is what investors want. However, investors remain wary because the road to profitability is long.
Home rental marketplace startup ZiffyHomes announced that it has acquired Nivaasa, a Gurugram-based home rental platform for an undisclosed amount. The acquisition will help Ziffy expand in the premium apartments segment across India. The acquisition comes two months after the company had acquired competitor Fella Homes.
After inspiring thousands of young entrepreneurs to brave their 'Anu Aunty (society)' and start up, Varun Agarwal is aiming higher with his new venture, Grades Don't Matter. With his new venture, Varun vision to aid more Indians to go after creative pursuits they like and shine at the international level.
From searching a multitude of offers by various banks, comparing them, to meeting bank officials and finalising the loan is a daunting task. Chqbook, a marketplace for financial products, has now made this easy by bringing banks and NBFCs and customers together. It allows customers to search, compare, and get personal finance products such as home loans, personal loans and credit cards, all at one place.