In Brief: Policybazaar plans IPO in 2021; Titan Capital funds leap.club

In Brief: Policybazaar plans IPO in 2021; Titan Capital funds leap.club
Photo Credit: VCCircle
21 Jul, 2020

Insurance product aggregator Policybazaar is set to go public in 2021, at a valuation of over $3.5 billion, according to a report. The startup plans to secure about $250 million in a round of financing at a $2 billion-plus valuation before a September 2021 initial public offering, Bloomberg News said, citing co-founder Yashish Dahiya.

Read: PolicyBazaar gets $47.4 mn as SoftBank releases second tranche of growth round

Titan Capital backs networking platform leap.club

Women-focused networking platform leap.club has raised an undisclosed amount of capital from Titan Capital, the investment office of Snapdeal founders Kunal Bahl and Rohit Bansal,  along with Ankita Vashishtha, managing partner of Saha Fund, an early-stage venture capital fund, as per a report. The fresh funds will help the company grow faster and create a wider impact, an Inc42 report said, citing founders Ragini Das and Anand Sinha. 

Kedaara looks to invest in Dream11

Private equity investor Kedaara Capital has joined the fray to invest in fantasy sports platform Dream11’s $200 million funding round, as per a report. The Mumbai-based company, which has evinced interest from firms such as TPG, Chrys Capital, Lupa Systems and Advent International, is looking to secure the funds from a new set of investors through the secondary and primary sales of shares, The Economic Times said. 

Read: As more investors eye Dream11, valuation may soar to $2.25 bn

Shipwaves partners with TradeLens for digitisation of ocean logistics

Mumbai headquartered online logistics platform Shipwaves said it has partnered with blockchain-enabled solution provider TradeLens to accelerate the digitisation of ocean logistics in India and the Middle East. Leveraging solutions from the IBM-Maersk developed platform, Shipwaves looks to provide end-to-end supply chain visibility and a secure digital sharing service for shipping documents, a statement said.

OYO adopts hybrid workplace model amid Covid-19

Hospitality major OYO said it has adopted a hybrid workplace model, which involves working from home and its coworking unit OYO Workspaces, for the foreseeable future. The Gurgurgam headquartered company said the model, which has so far driven productivity and performance among employees, will also ensure social distancing amid the pandemic. 

Ola rolls out corporate plans in Australia, New Zealand and the UK

Homegrown cab aggregator Ola has rolled out its business travel service Ola Corporate in Australia, New Zealand and the United Kingdom. More than 10,000 businesses use the service in India, the company said in a statement.

Comment(s)