Tag Archive for million

Digit Insurance Raises a Record $44 Million in the Second Round of Funding

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Digit Insurance, a new age insurance startup, which wants to make insurance simple, has raised $44 million in a second round of funding. Canadian billionaire Prem Watsa’s Fairfax Holdings has invested second round of capital ($45 million) in Digit Infoworks, a parent company for Digit insurance of which a significant part of the investment ($44 million) is given to Digit Insurance. The funding is the largest round in the Indian general insurance ecosystem. This investment brings Digit’s total funding to $94 million.

 

Digit Insurance plans to invest the funds in technology to drive its mission of making insurance simple.  A significant use of fund will also be invested in launching new lines of products and expansion of distribution network across the country.

 

Kamesh Goyal, Founder & Chairman, Digit Insurance said, “Our investors have shown confidence in our mission of Making Insurance Simple which is heartening. And this round of funding will further help us in doing that.” Read more

Ford India Celebrates One Million Customer Milestone

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Anurag Mehrotra, President & MD, Ford India handing over Ford Freestyle to Ford's One Millionth Indian Customer - Nikhil and Alexandra Kakkar

Ford India today joined the elite group of automakers in the country and welcomed its One-Millionthcustomers in India.

In a special ceremony, characteristic of the company’s Feels Like Family promise, Ford India’s president and managing director, Anurag Mehrotra welcomed Nikhil Kakkar from New Delhi, the company’s millionth Indian customer at Dwarka Ford and delivered Ford Freestyle, India’s first Compact Utility Vehicle.  Read more

zoOm styled by Myntra’s ‘The Reunion’ garners more than 30 million views across platform

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com


The Zoom Studios first series, The Reunion on zoOm styled by Myntra has created a record over the course of its one month run. The smash hit finite series has garnered more than 30 million views across platforms, while being greatly adulated by the viewers and Bollywood brigade alike for its fresh approach to storytelling, relatable characters and stylish direction. This simple yet ground-breaking series immediately struck a chord with fans and took over the internet in no time since its launch. The show garnered critical acclaim as well as millions of views for its refreshing content. Reunion is also one of the few series in India to create a first-of-its-kind content innovation, with a special rendition of Arjun Kanungo & Momina Mustehsan’s song ‘Aaya Na Tu’, which received an overwhelming response. Read more

YRF’s Swag Se Swagat becomes the first Indian song to hit 500 Million Views

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

http://bit.ly/SwagSeSwagat

Everyone’s partied and shimmied to the blockbuster song ‘Swag Se Swagat’ this year. Now, its cult popularity becomes official. The ultra-popular number from the record-breaking blockbuster ‘Tiger Zinda Hai’ has officially become the first song from India to touch the massive milestone of 500 million plus views on YouTube.

Sung magically by Vishal Dadlani and Neha Bhasin, with a supercool video of Salman, Katrina and dancers from across the world swaying to its beats, ‘Swag Se Swagat’ has been setting new records online ever since its release. The song became the Fastest Bollywood Song ever to clock 200 million, 300 million and 400 million views on YouTube, growing in popularity with listeners worldwide rapidly. Read more

Things2doinMumbai reached a million Mumbaikars with its social media campaign for Oasiss Desserts

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Nikesh Gala, Director of Oasiss Desserts

Things2doinMumbai, an experience-centric content platform initiated a path-breaking social media campaign for Oasiss Deserts. The brand recently launched its 4th outlet in Thane, Mumbai. The campaign went live just 24 hours prior to the launch and unveiled a compelling offer rendered by the brand. The brand hosted a special offer of INR 10 for one dessert and INR 200 for a 1/2 Kg cake. Scrumptious desserts like waffles, pastries, milkshakes, ice-creams, pancakes and more were offered at unbelievable rates. The offer duration was kept at a flexible time starting from 3 pm to 9 pm to make sure both students and families could avail the offer. Read more

India’s Largest Community Development Fund – Rs. 100 Crores (US $ 14.7 Million) Fund Announced to Rotary Foundation

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Rotarian Dokoju Ravishankar announced the single largest community fund Rs. 100 Crores to Rotary Foundation. This endowment will be utilized to cover projects across six Focus Areas such as Economic & community development, Disease Prevention & Treatment, Water & Sanitation, Maternal & Child Health, Basic Education & Literacy and Economic & Community Development. Seen from L - R: Rtn Suresh Hari S, District Governor of RI District 3190, Mrs.Paola Ravishankar, Rotarian Dakoju Ravishankar.

In a first-of-its kind move, a single donor has come forward to announce the single largest community fund from India to Rotary Foundation at INR. 100 Crores (US $ 14.7 Million). The same was announced at the installation ceremony of Rotarian Suresh Hari as the new District Governor of Rotary International District 3190. Suresh Hari, a member of Rotary Bangalore Indiranagar Club, Vice President of CREDAI Bengaluru and Founder & Managing Partner of Vishal Promoters and Builders, Bengaluru. He was also the Past National President of Round Table India. The large fund income out of Endowment will be utilized to cover projects across six Focus Areas such as Economic & community development, Disease Prevention & Treatment, Water & Sanitation, Maternal & Child health, Basic Education & Literacy and Economic & Community Development. Read more

Seminar on ‘Investment Opportunities in Taoyuan, Taiwan’ organized by TAITRA in Bengaluru

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The Taiwan Trade External Development Council - TAITRA organized a seminar on “Investment opportunities in Taoyuan” in Bengaluru on 5th June, 2018.

The Taiwan Trade External Development Council – TAITRA organized a seminar on “Investment opportunities in Taoyuan” in Bengaluru on 5th June, 2018. Taoyuan is a planned integrated business city located 40 km southwest of Taipei, Taiwan.

The highlight of the event was the keynote address given by Dr. Da-Nien Liu, Director, Chung-Hua Institute of Economic Research, Taiwan. Speaking at the event, Dr. Da-Nien Liu emphasized the sound industrial confluence in Taoyuan, Business opportunities and future development in Taoyuan and Industrial cooperation between India and Taoyuan. Read more

CoinTribe, a MSME lending marketplace, raises US$ 10 Million from Sabre Partners and existing investors

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

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CoinTribe, India’s leading credit based lending marketplace for MSMEs, announced on [Date] that it has raised over US$ 10 million equity capital in Series-B round led by Sabre Partners along with participation from existing investor, Puneet Dalmia.

As a credit based marketplace, CoinTribe offers unsecured term as well as working capital financing to small businesses, which are risk assessed using an online lending algorithm. Gurugram based CoinTribe is a niche player in small business segment and stands differentiated with its robust online credit risk assessment capabilities, which has found strong acceptance with its lending partners. CoinTribe is India’s only lending marketplace which has back-tested its credit algorithm with leading private banks in the country and has so far partnered with leading banks and NBFCs, which include Axis Bank, Yes Bank, RBL Bank, DBS, IIFL, Clix Capital and SMC Capital. Apart from lending through the marketplace CoinTribe is the only player whose technology platform is being used by 4 private and foreign banks on a white labelled basis.

 

With this round of funding, total equity capital raised by CoinTribe has increased to over US$ 15 million. CoinTribe plans to use this additional capital to further enhance capabilities of its proprietary online credit algorithm, expand to new markets and further develop technology to enable faster and nimble product and credit model innovation. Read more

BANKBAZAAR EYES 400 Million VISITS IN FY19

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

BankBazaar.com, India’s leading financial marketplace recorded 90 Million (M) visitors in the final quarter of FY18. With 400M visits expected in FY19, the company is looking to make 800 new hires across its locations in the current financial year. Bankbazaar saw 20X growth over the last few years and is well-positioned to take on the next wave of developments in the fintech industry.

Adhil Shetty, Co-founder and CEO, BankBazaar, said, “India is ramping up to a paperless economy and BankBazaar is contributing significantly towards this goal. With customers demonstrating their readiness to adapt to new-age financial buying, FY 2018 has been a year where we grew more than 100% in multiple categories. With a sustainable increase in our customer count, BankBazaar’s business and revenues are also shooting up proportionately. We are confident that FY19 will yield better results and consolidate our position as the top player in the financial services sector.”

With this round of hiring, the company aims to beef up their engineering capabilities to deliver a holistic and seamless purchase experience. The majority of the hires would be for the technology and product domains, with almost 60% of them operating out of Chennai and a significant number based in Bangalore. Read more

Chai Point raises $20 million in Series C

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Amuleek Singh Bijral , CEO & Co- Founder Chai Point

Chai Point, the largest organized Chai Company in India, today announced a $20 million Series C funding round, led by Paragon Partners. All existing investors – Eight Roads (Fidelity’s India PE arm), Saama Capital and DSG – participated in this round, with some of them investing super pro rata. Read more