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Tag: InsuranceDekho

  • InsuranceDekho becomes the official insurance sponsor of Tamil Nadu Premier League

    InsuranceDekho becomes the official insurance sponsor of Tamil Nadu Premier League

    Mumbai: InsuranceDekho has announced its partnership with the Tamil Nadu Premier League (TNPL) as the official insurance sponsor for the upcoming season. This one-year sponsorship agreement marks the brand’s commitment to expand its presence in South India

    As part of the collaboration, InsuranceDekho will have a significant presence throughout the tournament, including on-ground activations, peripheral branding, and boundary boards. The company will also sponsor the “Safe Hands of the Match” award, recognising the player with the most catches in each of the 32 matches.

    InsuranceDekho co-founder Ish Babbar said, “Our partnership with TNPL is a strategic move that aligns with our expansion plans in South India. By supporting local talent and connecting with cricket enthusiasts, we’re not just reaching a wider audience – we’re building trust and fostering meaningful relationships. This sponsorship embodies our belief in the unifying power of sports and our commitment to engaging with communities through events that resonate deeply with our target markets.”

    In addition to the on-ground presence, InsuranceDekho is engaging fans through social media contests, offering match tickets as prizes. This initiative aims to boost fan involvement and create a stronger connection between the brand and cricket enthusiasts.

    The partnership with TNPL is part of InsuranceDekho’s broader strategy to increase brand awareness through sports sponsorships. The company has previously invested in the Haryana state level table tennis competition and plans to continue supporting grassroots sports events across India.

    Cricket fans can look forward to seeing InsuranceDekho’s presence throughout the TNPL season, which promises to be an exciting showcase of Tamil Nadu’s cricketing talent.

  • ReFit Global raises Rs two crore funding at Rs 200 crore valuation on Shark Tank Season 3

    ReFit Global raises Rs two crore funding at Rs 200 crore valuation on Shark Tank Season 3

    Mumbai: ReFit Global, a rapidly growing Direct-to-Consumer (D2C) Refurbished marketplace, has successfully secured Rs two crore funding at Rs 200 crore valuation from leading entrepreneurs and investors during their appearance on Shark Tank India Season 3. The investment round was spearheaded by Shaadi.com – People Group CEO Anupam Mittal, SUGAR Cosmetics CEO & co-founder Vineeta Singh, CarDekho Group and InsuranceDekho co-founder & CEO Amit Jain. This strategic investment marks a significant leap forward in ReFit Global’s expansion journey.

    The acquired funds will be used to scale operations, broaden market outreach, and fortify the company’s technological infrastructure. Additionally, ReFit Global aims to enhance its web presence and overall customer experience, reinforcing its position as a leader in the refurbished marketplace.

    One of the largest liquidation partners of major online platforms and collaborator with major e-commerce platforms and smartphone brands, the bootstrapped company achieved 100x YoY growth, securing Rs 200 crores in FY 2022-2023.

    Speaking about the fundraising, ReFit Global CEO & co-founder Saket Saurav stated, “We’re truly excited to be sharing such a prestigious entrepreneurial platform with seasoned business leaders and visionaries. Recognizing the unique strengths each shark brings, our efforts has always been on expertise rather than just financial valuation. Our primary focus was to create a dynamic alliance with a diverse group of accomplished sharks, each contributing their distinctive insights and expertise. With this opportunity, we are aiming to bring in a clearer vision and market positioning for ReFit”.

    ReFit Global founder & CEO Avneet Singh stated, “We are pleased to have received funding from Shark Tank India, which validates our commitment to transforming the refurbished smartphone industry through innovation and research. The investment will be deployed to drive further advancements and introduce a diverse range of refreshed products to the market.”

    Beyond being a successful startup with a network of over 50,000 retailers across 100 odd cities, ReFit Global distinguishes itself as an environmental steward within the re-commerce industry. The company’s commitment to sustainability and reducing e-waste positions it as an eco-conscious player. Apart from financial success, ReFit Global actively contributes to positive environmental impact through excellent service, diverse sourcing methods, and a solid warranty promise. With these strengths, the company is driven to achieve its target of becoming a Rs 1,000 crore profitable enterprise within the next few years.

     

  • Edelweiss Mutual Fund’s Radhika Gupta joins Shark Tank India 3 as judge

    Edelweiss Mutual Fund’s Radhika Gupta joins Shark Tank India 3 as judge

    Mumbai: The newest addition to the Shark Tank India 3 judging panel, Radhika Gupta, MD and CEO of Edelweiss Mutual Fund is the perfect blend of elegance and ambition. Sharing inspiring thoughts from her simple observations of day-to-day life, Radhika is ready to collaborate with India’s one of the most loved shows – Shark Tank India for Season 3. Celebrating Radhika’s unapologetic self and fierce approach we bring instances that had all of us thinking.

    Lauding the elegance of the most beautiful piece of clothing, a saree, Radhika supports Indian traditional attire and promotes Indian handloom and artisans. She brings her conversation into her attire by donning a beautiful peach saree with the Indian Rupee and investment symbol drawn all over it. She combined her feminine side to her finance background with the brilliance of fashion and styling, sending a powerful statement that women can reach great heights, generate substantial wealth, and bring about positive change in the world.

    Radhika was drawn by the unparalleled popularity and the influence Shark Tank India has on the new-age entrepreneurs. She wants to educate the people of India about the importance of investing and mutual funds by bringing her years of experience in analyzing Indian companies to this national stage. Radhika wants to encourage the undiscovered potential of the youth across cities to build businesses of 5 cr to 100 cr and more. Through this new season, our newest shark, Radhika, is pumped and excited to back its unique and thoughtful business.

    All set to stream on Sony LIV from the 22 January, the lineup of sharks this year includes Aman Gupta (boAt co-founder and CMO), Amit Jain (CarDekho, and InsuranceDekho CEO and co-founder), Anupam Mittal (Shaadi.com – People Group founder and CEO), Namita Thapar (Emcure Pharmaceuticals ED), Vineeta Singh ( SUGAR Cosmetics co-founder and CEO), Peyush Bansal ( Lenskart.com founder and CEO), Ritesh Agarwal ( OYO Rooms founder and CEO), Deepinder Goyal (Zomato founder and CEO), Ronnie Screwvala (Upgrad co-founder and chairperson), and Azhar Iqubal (Inshorts co-founder and CEO). The show is hosted by comedian – Rahul Dua.

    Watch Shark Tank India 3 from 22 January on Sony LIV!

  • InsuranceDekho appoints insurance stalwart Deepak Sood as a Non – Executive Director

    InsuranceDekho appoints insurance stalwart Deepak Sood as a Non – Executive Director

    MUMBAI: InsuranceDekho announces appointment of Mr. Deepak Sood as a Non-Executive Director in the board of directors of the Company. With Deepak’s vast experience in the insurance space, he adds to InsuranceDekho’s ability to grow at a much faster pace. At InsuranceDekho, Deepak will be involved in the corporate governance, business planning and strategic expansion.

    Deepak brings with him over three decades of rich experience in the insurance industry. Having previously worked as CEO of Avantha Ergo and Future Generali India Insurance, he has also served in leadership roles at Bajaj Allianz, Zurich Financial Services and United India Insurance. He’s an alumnus of St. Stephen’s College, Delhi. Presently, Deepak independently advises new players in the Insurance space alongwith M&A and market entry advisory.

    Ankit Agarwal, CEO and Co-founder, InsuranceDekho said, “I am thrilled to welcome Deepak aboard. His guidance and experience will enable us provide higher satisfaction to our customers and deliver better value to our stakeholders.”

    InsuranceDekho has 10,000+ partners with customers spanning across 350+ cities. It has clocked an annualized run-rate of 8 lakhs policies while it aims to continually grow in the times to come. InsuranceDekho plans to break-even in the next quarter, and is on its way to become India’s largest advisory-led insurance marketplace.