Articles by Baiju Kalesh

Amazon-Backed India Insurer Startup Eyes Funding Round that Could Create $1B Value

Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter. The Amazon.com Inc.-backed startup is looking to raise about $200 million in …

Indian Insurtech Policybazaar Plans Mumbai IPO

Indian online insurance platform Policybazaar is planning to file a draft prospectus as soon as next month for its Mumbai initial public offering that could raise about $500 million, according to people familiar with the matter. The SoftBank Group Corp.-backed …

India’s Future Group to Sell Stake in Insurance Joint Venture with Generali

India’s Future Group has picked UBS Group AG to lead the sale of its stake in an insurance joint venture with Italy’s Assicurazioni Generali SpA, according to people familiar with the matter. Future Group is working with the Swiss bank …

India’s Reliance Capital Ends Talks to Sell Its General Insurance Unit

Reliance Capital Ltd. has called off a sale of its general insurance unit to Hero Fincorp, forcing embattled Indian tycoon Anil Ambani to look for options as he seeks to reduce debt, people familiar with the matter said. The talks …

India’s Ambani Weighs Selling Reliance General Insurance to Reduce Debt

Beleaguered Indian tycoon Anil Ambani is in talks to sell his group’s general insurance unit to a shadow lender, people familiar with the matter said, as he seeks to reduce debt. Reliance Capital Ltd., controlled by Ambani, is discussing the …