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In this hilarious and inspiring episode of Cyrus Says, we’re joined by the multi-talented Gautham Govindan, a stand-up comedian with a sharp corporate past. A former strategist at companies like Acko, Philips India, and Johnson & Johnson, Gautham blends real boardroom experience with observational humor, making him a standout voice in the world of corporate comedy. With a 99.99 percentile in CAT 2012, an engineering degree, and successful stints at firms like Mondelēz, Curefit, Slice, and ZO Rooms, his transition into comedy feels like a calculated punchline. Known for his clean, intelligent humor, Gautham performs in English, Hindi, Malayalam, and Tamil, connecting effortlessly with diverse audiences. His work has featured on Amazon Prime’s Comicstaan, Comedy Central India, and gone viral on LinkedIn, where he blends job advice with jokes (#cvwritinghacks). From mic-stand antics and quirky theories about ice cream conspiracies, to tailoring acts for HR teams and launching solar lighting models in rural India, Gautham brings both brains and belly laughs to the stage. Tune in as he shares his journey from marketing decks to mic drops!See omnystudio.com/listener for privacy information.
In this episode, Abhishek Kumar, co-founder & CEO of Mygate, takes us on the journey of building India's largest community management platform. From spending a month working alongside security guards to understand their needs, to scaling Mygate to 25,000+ gated communities, Abhishek reveals the key decisions and insights that shaped their success.
A dialogue from Munnabhai has become the ultimate source of inspiration for Acko, a digital general insurer. "When someone's dying, do they necessarily have to fill out forms?" The Ken spoke to multiple Acko executives who said that this line is frequently repeated in meetings of its 21-month-old retail health insurance business. The inspiration seems to be working. Despite being new to the retail health insurance game, the company was able to sell health insurance policies worth about Rs 51 crore in the segment. That's 40 per cent more than Godigit, which is listed and had the advantage of being around longer. Most people who understand this space are thrown off by the route it has gone down. You see, conventionally, the industry has depended heavily on agents and point of sale personnel to sell policies. But Acko has no interest in this approach. Tune in. Daybreak is now on WhatsApp at +918971108379. Text us and tell us what you thought of the episode!Daybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
Överläkaren Moa Wibom vid den Kognitiva Mottagningen vid Ängelholms sjukhus räknar med en anstormning av nya patienter. De har redan 13 månaders kö. På scenen närmast kräver hon kraftigt utökade resurser till landets minnesmottagningar. Sjukvårdsministern Acko Ankarberg Johansson förstår förväntningarna. Samtalet mellan Moa och Acko blev en spännande duell mellan en krävande läkare och en politiker som hoppas på den nya Nationella Demensstrategin som kommer inom kort. Förre statsministern Ingvar Carlsson och landshövdingen i Örebro, Lena Rådström Basstad har bägge levt sina liv i maktens korridorer. Men här på Alzheimer Lifes 5-års Jubileum är de bara två ledsna och maktlösa anhöriga. Ingvar till sin numera dementa fru Ingrid. Lena som precis fått in sin man Roger på dagverksamhet. De står på scenen och berättar naket och oerhört berörande om livet med en partner som sakta blir allt sjukare. Det här är två berättelser som alla anhöriga till någon med Alzheimers sjukdom så väl känner igen sig i. Här kommer del 2 i vår poddserie från Alzheimer Lifes 5-års Jubileum.
Sjukvårdsministern om informationsplikt, vårdplatsbrist och digitala vårdappar och om varför privatpersoner kommer behöva betala mer ur egen ficka för läkemedel nästa år. Lyssna på alla avsnitt i Sveriges Radio Play. En av stridsfrågorna i tidösamarbetet är informationsplikten, det som kritiker kallar angiverilag, att anställda inom myndigheter och kommuner ska bli skyldiga anmäla till polis eller Migrationsverket om de i arbetet möter personer som saknar tillstånd att vara i Sverige. Kristdemokraterna och Liberalerna vill att det ska bli undantag från informationsplikten inom vård och skola medan Sverigedemokraterna inte vill ha några undantag. Så hur ska de komma överens? Om två veckor, den 29 november kommer utredarens förslag. ”Jag tycker det är rimligt att vi har en utredning som från början talar om att det finns ömmande värden, och sjukvården är utpekad.”, säger sjukvårdsminister Acko Ankarsberg Johansson i Ekots lördagsintervju. Två tusen vårdplatser fattasUnder flera år har det varit stor brist på vårdplatser i svensk sjukvård. Enligt Socialstyrelsens senaste mätning så fattas över två tusen vårdplatser. Det leder till överbeläggningar, långa köer och en tung arbetsmiljö för personalen. I år väntas regionerna gå med tolv miljarder kronor i underskott enligt SKR – så hur ska de har råd att få fram fler vårdplaster? Acko Ankarsberg Johansson säger att regionerna behöver förbättra arbetsmiljön för att personalen ska stanna i sjukvården så att sjukhusen ska kunna hålla fler vårdplatser öppna. ”Den inriktning jag ser från regionerna nu är ju att de verkligen försöker få till fast anställda, de premierar arbetsmiljöåtgärder och det tycker jag är helt rätt väg att gå”, säger Acko Ankarberg Johansson. Mer ur egen ficka för medicinerUnder de senaste två åren har statens utgift för de läkemedel vi köper på apotek ökat med tjugo procent. Högkostnadsskyddet innebär att man som privatperson får rabatt när man kommit upp i en summa på 1 425 kronor och efter 2 850 kronor är det medicinen helt subventionerad. Nu vill regeringen ändra nivåerna i högkostnadsskyddet från nästa år så att den som hämtar ut medicin på apoteket får betala mer själv. Höjning kommer vara större än den årliga uppräkningen för inflationen. Acko Ankarberg vill inte säga hur mycket högkostnadsskyddet kommer att höjas, men enligt statsbudgeten ska staten dra ner mer än halv miljard kronor på högkostnadsskyddet nästa år och över två miljarder kronor 2026.”Vi kommer nog alla behöva betala mer för läkemedel”, säger Acko Ankarberg Johansson. Gäst: Acko Ankarberg Johansson (KD), sjukvårdsministerProgramledare: Erika MårtenssonKommentar: Helena Gissén, inrikespolitisk kommentator Ekot Tekniker: Heinz WenninProducent: Maja LagercrantzIntervjun spelades in fredag den 15 november 2024.
Hello, we're back again with part 2 of our final, final supercut where we've spliced together one interesting bit of conversation from the last 21 guests I interviewed on First Principles. And like the last episode where we covered founders 1 to 20, you'll hear super sharp slices of a few minutes each which are reflections on their approach to organization building, risk taking, decision making and life living.Here are the guests you'll get listen to in this episode: Krish Subramanian, co-founder and CEO of Chargebee; Varun Dua, founder of Acko; Yashish Dahiya, co-founder and Group CEO of Policybazaar; Archit Gupta, co-founder and CEO of Clear; M N Srinivasu, co-founder and Director of Billdesk; Radhika Gupta, MD and CEO of Edelweiss Asset Management; Lalit Keshre, co-founder and CEO of Groww; Niraj Singh, founder and CEO of Spinny; Karthik Jayaraman, Managing Director of Waycool; Ritesh Agarwal, founder and CEO of Oyo; Soumya Rajan, founder and CEO of Waterfield Advisors; Viren Shetty, Executive Vice Chairman of Narayana Health; Aneesh Reddy, Founder and MD of Capillary Technologies; Vaibhav Gupta, co-founder and CEO of Udaan; Girish Mathrubootham, Founder and Executive Chairman of Freshworks; Harsh Mariwala, Chairman of Marico; Chetan Maini, co-founder and chairman of SUN Mobility; Jaydeep Barman, co-founder and CEO of Rebel Foods; Alok Mittal, co-founder and MD of Indifi Technologies; Kapil Chopra, Founder of The Postcard Hotels; and Manav Garg, founder of Eka.This is not the end of the road for me as a podcast host as you'll soon find out. Actually, very soon. I'm Rohin Dharmakumar, your host. And here's part 2 of the final, final supercut.------Also, if you haven't already, do subscribe to the First Principles newsletter. You can sign up for free here!
IDF downs drone over sea heading to Acko, US mediator Hochstein arrives to help prevent conflict with Lebanon. Prime minister dissolves war cabinetSee omnystudio.com/listener for privacy information.
In Episode 4 of PitchCraft, we shine the light on Acko, a unicorn in the insurance tech space. We comb through Acko's pitch deck with its Founder Varun Dua and one if its early backers, Abhinav Chaturvedi of Accel. Watch how Acko went from idea to deck to unicorn and the key elements that helped it hold its own in a regulated industry with large insurers.
The 44th Acko International Fringe Theatre Festival is taking place during the holiday of Sukkot. This year dozens of performances are set to take place in stunning historic locations across the ancient walled, mixed Arab-Jewish port city. These include a number of performances by international groups, including from China, Austria and Spain. Reporter Arieh O'Sullivan spoke to Moni Yosef, the artistic director of the international program of the festival, and general director of the Acko Theatre Center, who invited the public to come and support the city and the performers. See omnystudio.com/listener for privacy information.
Sjukvårdsminister Acko Ankarberg Johansson gästade podden i ett samtal om Svensk sjukvård. Vad tycker Acko om statligt vs regionalt styrd sjukvård? Vi fick en crash course i regeringsarbete, pratade budgeten som släpptes förra veckan med ökade statsbidrag och hur den står sig mot den nuvarande inflationen, även om Hilda inte riktigt förstod svaret. Vi frågade Acko varför det dröjer med en modernisering av könstillhörighetslagstiftningen där KD, M och L inte är överens om ändringarna. Vi diskuterade Tidöavtalets ”angiverilag” som möter stort motstånd från inte minst sjukvårdspersonal. Vi försökte förstå varför saker tar sån tid, därför undrade vi om regnbågsblod kommer bli verklighet? Kan vårdplatsbristen vända nu? Hur ska Nära vård bli verklighet? Och kommer Arin få delta i utformningen av nationella riktlinjer om masskaderiage?
A team from the Antiquity authority's Preservation unit is today examining the iconic ancient arched aqueduct on the beach of Caesarea to see how it can be restored after a section of it collapsed a few days ago. The stone aqueduct, built in the days of the Roman Emperor Hadrian over 1,800 years ago, is located on a beach open to swimmers. Luckily it collapsed overnight Friday when no bathers were there and no one was hurt. The Antiquities Authority says it had warned the Caesarea Development Company on whose land it sits that it the deteriorated aqueduct was in serious danger of falling down. They said that they even offered expert aid and some funding to fix it but it fell on deaf ears. Prof. Gideon Avni, the chief archaeologist of the Israel Antiquities Authority said that the Caesarea aqueduct could have been preserved but despite their warnings the proper action was not taken. He also said that the long aqueduct to Acko is also in danger of collapse and needed immediate action to preserve it. (photo: IAA) See omnystudio.com/listener for privacy information.
Most founders on First Principles—The Ken's fortnightly leadership podcast—have also been CEOs. And one of the questions we often ask them is: when to make way for someone else as a CEO?If leadership is a ladder, we often make the mistake of thinking that the CEO title sits at the apex. Instead, leadership is a journey. And the best founders know that to create organisations that outlast them, the CEO title is but one milestone in their journey. The road doesn't end there.Varun Dua, our guest for this episode, co-founded Acko—a digital-first insurer most recently valued at over $1.4 billion. He was also Acko's CEO before hiring a seasoned insurance industry leader to take over that role.That's not the only thing different about Varun. He freely admits that as a graduate, he was super lazy and had neither a plan for his life nor any interest in being an entrepreneur. His dream at one point was to get hired by eBay or Cleartrip. Thankfully for him, neither of the companies hired him.So, he ended up starting one company, which morphed into another firm, which morphed into Acko.Along the way, he went from super lazy to super driven.In today's episode, Varun reflects on the choices he made in his career and life and talks about how he's preparing for the ones that still lie ahead. This is Episode 22 of First Principles with Varun Dua.The Ken is India's first subscriber-only business journalism platform. Check out our deeply reported long-form stories, insightful newsletters, original podcasts and much more here: https://the-ken.com/?utm_source=website&utm_medium=podcasts&utm_campaign=podcast_ep
In this episode, Mint's Navneet Dubey talks with Rupinderjit Singh, Vice President of Retail Health at ACKO, to discuss the critical factors customers should consider while opting for a health plan. Tune in to know more!
This month's guest is Trail Acko, a drum apprentice and the culture and heritage liaison at Doig River First Nation. We chat with Trail about his family, his experience growing up in Fort St. John, what he is doing to continue keeping his culture's traditions alive and more.Thank you to Troyer Ventures and Epscan Industries for sponsoring the show Hosted on Acast. See acast.com/privacy for more information.
Indian insurtech Acko is in late-stage discussions to secure $120 million in a funding round at a time when weak global market conditions have subdued large financing deliberations in the South Asian market.
A report by Deloitte and Wipro estimated that the value of B2B digital payments in India will reach $700 billion by 2025, growing at a CAGR of 30% from 2020.The B2B digital payment ecosystem in India has been growing rapidly, driven by factors such as: # Government initiatives to promote digital payments# Increasing adoption of mobile devices and internet connectivity# Growing awareness of the benefits of digital payments among businesses and moreIn this episode we have with us Akash Sinha, Co-founder & CEO, Cashfree payments, talking about B2B Digital payments ecosystem in India. Cashfree Payments has processed over 200 million transactions as of 2021, with a total transaction value of over $12 billion. It serves over 3,00,000 businesses, ranging from small startups to large enterprises, across various industries such as e-commerce, travel, hospitality, and fintech such as Dream11, Zomato, Dunzo, CRED, Acko, and Nykaa amongst others.Cashfree Payments offers various payment solutions, such as payment gateway, payouts, auto-collect, recurring payments, and marketplace settlements. They have also launched new products like Cashgram and Cashfree AI to improve the user experience and prevent fraud.Let's deep dive into the episode where Akash has their initial journey with heavy competition in the market, complying with RBI regulations as a payment solution provider, and much more.Notes - 00:00 - Highlights of the conversation02:07 - Intro to Akash Sinha, Cashfree Payments and Payment ecosystem in India03:09 - Journey so far & Indian payment's landscape06:37 - Mapping the payment landscape's online segment10:05 - Cashfree's share in B2B payments in India11:06 - Strengths of Razorpay & Cashfree Payments13:59 - Larger customers such as - Meesho, Swiggy, Zepto, and CRED among others14:50 - SME signups and payments insights across India16:59 - Scaling with a Platform approach18:14 - Being part of YC early-on20:22 - Strengths as a CEO & Founder24:57 - Y-o-Y growth at Cashfree Payments26:01 - Plans for IPO26:31 - Emotional Journey of a founder in the last 8 years27:53 - Steering clear in a competitive market back in 201532:05 - Building multiple products to solve multiple problems34:44 - India's growing Digital infrastructure38:03 - Advice for entrepreneurs to choose tough markets with large tailwinds39:56 - Coming from a Non-fintech background42:32 - How fast is the Digital payments market growing? 43:35 - How tough is it to be compliant with RBI regulatory changes?
A commonly used framing device in advertising involves asking people to be like the person being shown in the ad. But a few brands also try the opposite - they show someone in the ad and ask viewers to not be like that person! Examples of ads that use these framing devices and how it works - tune in to know more! Check out the ads here: Kunal, Wildstone: https://www.youtube.com/watch?v=U-bpHTapG-U Kiran, UpGrad: https://www.youtube.com/watch?v=JpXg0vFqKGU ACKO: https://www.youtube.com/watch?v=mM0Dv01r-QQ FTX: https://www.youtube.com/watch?v=BH5-rSxilxo BT: https://vimeo.com/463011619?embedded=true&source=video_title&owner=17334059 Lifebuoy: https://www.youtube.com/watch?v=nZXWUd-sGDk Dezerv: https://www.youtube.com/watch?v=8wa7Z6C1qac Mercury 1: https://www.youtube.com/watch?v=VNK4rV_FbXQ Mercury 2: https://www.youtube.com/watch?v=N-RA7R9LvKI Mercury 3: https://www.youtube.com/watch?v=HoHN1Gdxtx8 Mercury 4: https://www.youtube.com/watch?v=9D_jxiW5sHs You can follow Karthik Srinivasan on social media LinkedIn : ( https://www.linkedin.com/in/karts/ ) Twitter: ( https://twitter.com/beastoftraal ) Instagram: ( https://www.instagram.com/beastoftraal ) Blog: ( https://beastoftraal.com/) Do follow IVM Podcasts on social media. We are @IVMPodcasts on Facebook, Twitter, & Instagram. Follow the show across platforms: Spotify, Apple Podcasts, JioSaavan, Google Podcasts, Amazon MusicSee omnystudio.com/listener for privacy information.
Happy holidays to all our listeners! We love you so much that we decided to give you some more content. While filming our year-in-review episode released last week, we had drum apprentice and culture and heritage liaison Trail Acko from Doig River pop in. Unfortunately, Tre talked so much about himself during the episode that we had to cut Trail's interview out. We couldn't just sit on the audio, so here it is! Just a note, there are some things we talked about with Trail that was talked about in the year-in-review episode. This is a rough cut of the podcast that we thought our listeners would love. SEE YOU IN 2023!!Thanks to our sponsors Troyer Ventures and Epscan Industries for making this show possible Hosted on Acast. See acast.com/privacy for more information.
When was the last time you got your vehicle—2-wheeler or 4-wheeler—physically inspected while renewing the insurance? Chances are, you may not have at all! And yet, PhonePe highlights that you can get a phone-based inspection done to avoid physical inspection! In this episode of ‘The Advertiser's Guide To The Galaxy' Karthik Srinivasan looks at a really clever positioning brainwave from PhonePe Insurance that helps itself differentiate instantly from others! Tune in to know more! Check out the ads here: ACKO: https://www.youtube.com/watch?v=Pdgr8LQbXSY Policybazaar: https://www.youtube.com/watch?v=mIyEqGucNCs LIC: https://www.youtube.com/watch?v=EqcNHhsNzeA PhonePe Hindi ad: https://www.youtube.com/watch?v=ABlG3_Uy35A PhonePe South ads: Cars Tamil - https://www.youtube.com/watch?v=hdMu3UzdiDA Telugu - https://www.youtube.com/watch?v=fQoC6DliGLY Malayalam - https://www.youtube.com/watch?v=xCLn7fHjZHM Kannada - https://www.youtube.com/watch?v=L_f1v16PruM PhonePe South ads: 2-wheelers Tamil: https://www.youtube.com/watch?v=Z1dL8Snng-4 Telugu: https://www.youtube.com/watch?v=xjG3kI2WTEA Malayalam: https://www.youtube.com/watch?v=VoWKbFWW0DA Kannada: https://www.youtube.com/watch?v=55I9fOTgqQY You can follow Karthik Srinivasan on social media LinkedIn : ( https://www.linkedin.com/in/karts/ ) Twitter: ( https://twitter.com/beastoftraal ) Instagram: ( https://www.instagram.com/beastoftraal ) Blog: ( https://beastoftraal.com/) You can listen to this show and other incredible shows on the IVM Podcasts app on Android: https://ivm.today/android or iOS: https://ivm.today/ios, or any other podcast app. You can check out our website at https://shows.ivmpodcasts.com/featured Do follow IVM Podcasts on social media. We are @IVMPodcasts on Facebook, Twitter, & Instagram. Follow the show across platforms: Spotify, Apple Podcasts, JioSaavan, Google Podcasts, Amazon MusicSee omnystudio.com/listener for privacy information.
This week was quite lukewarm but in another midweek madness episode of Think Fast, Varun & Suchita start off with a little rant about what the hell is happening even at Twitter, Adidas & Ye's situationship, Tiger Global & Nykaa's selling spree, YouTube hitting 8 million subscribers, Ashneer Grover's new book aptly titled 'Doglapan', and Estee Lauder buying Tom Ford. They dive deep into Zomato's latest financials and how food delivery apps in India are faring in general, MyGate's partnership with Urban Company & Acko, FTX's downfall and the general Cryptocurrency scene, Meta announcing layoffs and Mark's communication to employees, and a team in Mumbai dedicated to making the city more entrepreneur friendly. Varun Recommends a podcast: Dhar & Jay Show Suchita Recommends a website: We Are CollinsVarun & Suchita also answer a few listener questions on the show. Do share yours on the below-mentioned handles.You can follow Varun Duggirala on Twitter at: https://twitter.com/varunduggi and on Instagram at https://instagram.com/varunduggiYou can follow Suchita Salwan on Twitter at https://twitter.com/suchitasalwan and on Instagram at https://instagram.com/suchitasalwanCheck out video episodes on the Think Fast YouTube Channel.Find the show across audio streaming apps:Spotify | Apple Podcasts | Google Podcasts | JioSaavn | Gaana | Amazon MusicDo follow IVM Podcasts on social media.We are @IVMPodcasts on Facebook, Twitter, & Instagram.You can listen to this show and other awesome shows on the new and improved IVM Podcasts App on Android or iOS. See omnystudio.com/listener for privacy information.
Overview: Today we're going to talk about African Insurtech. We'll discuss the consumer insurance landscape & analyze InsurTech players. This episode was recorded on October 17, 2022 Companies discussed: Reliance Health, BIMA, Naked Insurance, Pineapple Insurance, Amenli, Creditas, Minutos Seguros, Acko, Policy Bazaar, Casava Insurance, Reliance HMO, Lami, Turaco, Amanleek & Avidea Business concepts discussed: New product development, consumer market penetration & pricing strategy Conversation highlights: (01:20) Consumer InsurTech context (12:30) Insurtech in other emerging markets - India (23:40) Insurtech in other emerging markets - Brazil (34:50) Insurance context in Africa (47:17 ) Southern Africa startups (1:02:20) Western Africa startups (1:14:19) Eastern Africa startups (1:24:34) Northern Africa startups (1:31:42) Olumide's & Bankole's thoughts (1:55:05) Recommendations & small wins Olumide: Interested in investing in Africa Tech : Read about Adamantium fund & contact me at olumide@afrobility.com Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me Recommendations: Miracle morning (Hal Elrod), 5AM club (Robin Sharma), How I found freedom in an unfree world (Harry Browne) & Early retirement extreme (Jacob Lund Fisker) 3 songs: Burna Boy - For My Hand (ft Ed Sheeran), Black Sherif - Second Sermon (Remix ft Burna Boy) & Craig David - I know you (ft Bastille) - Shoutout to my friend Jason Mothersill Small win: House party with friends Bankole: Recommendation: Ku Lo Sa - Oxlade, HBO - House of Dragons & Facebook Love - Jaywon / Essence Small win: Africa Tech Mixer in New York Other content: Baobab Network report on InsurTech & Standard Bank report All episodes at afrobility.com
The 43rd Acko International Fringe Theatre Festival is taking place during the holiday of Sukkot. This year dozens of performances are set to take place in stunning historic locations across the ancient walled, mixed Arab-Jewish port city. These include a number of performances by international groups, including from the Ukraine. Reporter Arieh O'Sullivan spoke to Moni Yosef, the artistic director of the international program of the festival, and general director of the Acko Theatre Center.See omnystudio.com/listener for privacy information.
In this episode, Mint's Navneet Dubey talks with Animesh Das, Senior Director- Motor Underwriting at ACKO general insurance, to discuss how one should buy a car insurance policy. Tune in to know more!
Like in most markets, India is a large but under-penetrated insurance market. While the COVID-19 pandemic led to a sharp uptick in life insurance premiums, bringing it at par with the global average of 3.2% of GDP, non-life premiums - health and motor insurance - continue to lag at sub 1% of GDP, compared to 2% for developing Asian countries and 5% for developed economies. In a low-income economy, paying up premiums to protect against potential long-term downside is not a top priority for people. However, this will grow. As India's GDP and per capita income grow, more people will begin insuring themselves and their assets. This has happened globally and India is no different.Second and more important, the state of insurance in India leaves much to be desired, both for the insurer and the insured. Improving this can be vital to changing the Indian consumer's relationship with insurance, and building enduring private companies in the space.We spoke to Varun about his journey building an insurance company, how he approaches building a brand in an industry with established players, and what he sees in the future. He is joined by Abhinav Chaturvedi and Subrata Mitra, investors at Accel who have had a ringside view of Acko and Coverfox.Key Segments3:19 - 7:20 - Varun's journey from Coverfox to Acko14:13 - 17:43 - Technology's role in insurance: Underwriting Distributor vs Underwriting Customer17:44 - 20:11 - Future of Insurance: Ancillary Services21:36 - 25:30 - Learnings from the US Insurance Sector36:32 - 40:12 - Managing regulations in Insurance44:31 - 46:31 - What's next for AckoThe Accel team wishes Varun and Acko all the best in their mission.Blog authored by Sankalpana Agarwal from AccelCheck out other episodes from the Insights Podcast series at https://www.seedtoscale.comShare your feedback and suggestions at https://www.twitter.com/Accel_India
Google's parent Alphabet will slow the pace of hiring and investments through 2023, responding to the global economic slowdown, CEO Sundar Pichai said in an email to employees on Tuesday, CNBC reports. HCL Technologies reported its services business grew strongly in its fiscal first quarter, joining TCS in signalling customers continue to invest in the move to the cloud. And Lightspeed announced a half-a-billion-dollar fund close for India and south-east Asia. Notes: Google's parent Alphabet will slow the pace of hiring and investments through 2023, CEO Sundar Pichai said in an email to employees on Tuesday, CNBC reports. “Like all companies, we're not immune to economic headwinds,” Pichai wrote in the memo, which was seen by CNBC. “We need to be more entrepreneurial working with greater urgency, sharper focus, and more hunger than we've shown on sunnier days,” Pichai wrote, according to CNBC. Pichai said in the letter that the company hired 10,000 employees in the second quarter. And “because of the hiring progress achieved so far this year, we'll be slowing the pace of hiring for the rest of the year, while still supporting our most important opportunities,” he wrote. “For the balance of 2022 and 2023, the company will focus on hiring on engineering, technical and other critical roles,” Pichai wrote, according to CNBC. HCL Technologies, yesterday, reported fiscal first-quarter revenues of $3.025 billion, a 15.6 percent increase year over year in constant currency, and 2.7 percent over the previous quarter. Noida-based HCL Tech, India's third-biggest IT services company, joins larger rival TCS in signalling customers are continuing to invest in moving more IT to the cloud, which is helping India's biggest software services companies win larger orders. The company's main services business, which contributes the bulk of its revenues and profits, rose strongly at 19 percent year over year. “Our services business continues to have robust growth momentum … driven by our digital engineering and digital application services with cloud adoption being a horizontal theme across all services and verticals,” CEO C Vijayakumar said in a press release. The company's new orders grew by 23.4 percent with a good mix of large and mid-sized deals and its pipeline remains near a record high, he added. Lightspeed yesterday announced the closing of a $500 million early-stage fund, the LSIP Fund IV, for India and Southeast Asia as part of its global $7 billion fundraise bringing its total capital under management to about $18 billion. Lightspeed has been investing in Indian startups since 2007, and in addition to the fourth fund, it invests in growth-stage companies from its Select and Opportunity funds. Lightspeed's investments in this region include Indian Energy Exchange, Oyo, Byju's, Grab, Acko, Razorpay, Udaan, Sharechat and Innovaccer. Wheelocity, a supply chain network provider for fresh produce, has raised $12 million in series A funding led by Lightspeed. The round, a mix of equity and venture debt, also saw participation from Anicut Capital and other investors, according to a press release. Wheelocity was started in September 2021 by Selvam VMS, Senthil and Cdr. Amresh. Its customers include Swiggy's Instamart, Ninjacart, Dunzo and Blinkit. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds
Angel investor is a high-net-worth individual who provides financial backing for small startups or entrepreneurs, in exchange for equity. In this episode, we take a look at Top 20 Angel Investors in India. #20 Sandeep Tandon: Sandeep co-founded one of India's first mobile payment platforms, Freecharge. He began his journey as an angel in 2015, and his portfolio includes Spinny, Dukaan, Unacademy, and Indiagold. #19 Arihant Patni: Arihant is a Mumbai-based entrepreneur, financial advisor, and angel investor whose father founded Patni Computer Systems. His portfolio as an angel includes companies like Lido Learning, TheMathCompany, White Owl Brewery, BabyChakra, and Fitternity. #18 Alok Mittal: Alok is a founding board member of Indian Angel Network and so far he's made 30 angel investments, including companies like M2P Fintech and Pando. #17 T.V. Mohandas Pai: Mohandas Pai as an angel investor has 30 portfolio companies under his belt, including Zoomcar, YourStory, and Licious. #16 Rajesh Sawhney: Rajesh started his journey as an angel with a 2010 Series A investment into American streaming service Viki, which was later acquired by Rakuten. He has since made 34 other personal investments. #15 Gaurav Munjal: Gaurav is the co-founder and CEO of India's second most valuable edtech startup, Unacademy and he has more than 35 companies in his portfolio as an angel investor. #14 Sujeet Kumar: Sujeet, is the co-founder of Bengaluru-based B2B trade platform, Udaan and he has invested in 38 companies as an angel. His portfolio includes companies like Euler Motors, Newton School, Unacademy, and OneCode. #13 Amrish Rau: Amrish is the co-founder of Citrus Pay, and his investments include fintech company Open, which recently became a unicorn, B2B fish and seafood supplier Captain Fresh, CRED, and KhataBook. #12 Girish Mathrubootham: Girish is the co-founder and CEO of Freshworks, and as an angel investor he has 39 companies including Pepul, traveltech startup PickYourTrail, logistics platform Pando, and social recommendation app Fril. #11 Vijay Shekhar Sharma: Vijay is the founder and CEO of Paytm and he began his journey as an angel in 2010 with a seed-stage investment into Indian crowdfunding platform Milaap, and has since made investments into 40 other companies including Evenflow, GOQii, Unacademy, FloBiz, and Hiver. #10 Ratan Tata: Ratan Tata began his journey as an angel investor in 2014 as a lead investor in Snapdeal and has since added another 39 companies to his portfolio, including GOQii, CarDekho, YourStory, Ola, Paytm, Urban Company. #9 Anand Chandrasekaran: Anand is a partner at American VC firm General Catalyst, and his journey as an angel started around 2014. He has invested in Indian startups like Mudrex, Pesto Tech, Evenflow, SuperK and Oye Rickshaw. #8 Jitendra Gupta: Jitendra is founder and CEO of Jupiter, and he began his investing journey in 2015 and he's added 45 other companies to his portfolio including Open, FarMart, Captain Fresh, and Dukaan. #7 Binny Bansal: Binny started xto10x Technologies to mentor young entrepreneurs and help them scale their startups. His investments include Acko, Curefoods, SigTuple, Unacademy, NIRAMAI, Superplum, Magnifi, and more. #6 Rohit Bansal: Rohit is one of the co-founders of Snapdeal, and he now has 56 companies in his own personal portfolio. It includes companies like Mamaearth, Nat Habit, Bira91, Open Secret, Bewakoof, and Flyrobe. #5 Ramakant Sharma: He began his entrepreneurial journey back in 2012 when he co-founded Zing Ecommerce, and he's invested in 61 companies so far, including Toothsi, Convin, Captain Fresh, Trell, Rupifi, and Wiz Freight. #4 Kunal Bahl #3 Anupam Mittal #2 Rajan Anandan #1 Kunal Shah
Today we talk with Steven Wittens with his personal site acko.net, and get a glimpse inside his creative efforts of taking parts of React to a new level to support his vision for graphics developments. We also talk about Live, his own React runtime, and his upcoming use.gpu. Sponsors Top End Devs (https://topenddevs.com/) Raygun | Click here to get started on your free 14-day trial (https://raygun.com/?utm_medium=podcast&utm_source=reactroundup&utm_campaign=devchat&utm_content=homepage) Coaching | Top End Devs (https://topenddevs.com/coaching) Picks React - The Missing Parts (https://acko.net/blog/react-the-missing-parts/) Acko.net (https://acko.net/) Steven Wittens / use.gpu · GitLab (https://gitlab.com/unconed/use.gpu) unconed - Overview (https://github.com/unconed) Twitter: Steven Wittens ( @unconed ) (https://twitter.com/unconed) Steven Wittens - YouTube (https://www.youtube.com/user/unconed/featured) Picks Paige - Inventing Anna (https://www.netflix.com/title/81008305) Steven - The Talos Principle (https://store.epicgames.com/en-US/p/the-talos-principle) TJ - Moon Knight (https://www.marvel.com/characters/moon-knight-marc-spector) Special Guest: Steven Wittens.
In this video, we take a look at India's journey to 100 unicorns, from it's first ever startup unicorn in 2011, in the form of inMobi, to neobanking startup Open becoming 100th unicorn in 2022. The term 'unicorn' was created by American VC and entrepreneur Aileen Lee in 2013, she took all of the U.S.-based software companies that were started in or before 2003 and had achieved a valuation of $1 billion through public or private market investors, and put them in a club: the Unicorn Club. In India's case, it's unicorn journey started in 2011, when InMobi, a company that was founded in 2007, became a unicorn. Following this, Flipkart became a unicorn in 2012, Mu Sigma in 2014 and then Ola in 2014. Snapdeal also became a unicorn in 2014, but they have since exited from this club due to their valuation falling below $1 Billion. Companies like Quikr, Hike and Shopclues also fall in this category. Then we have companies who have been since acquired and also bags the question that should they be counted as unicorn today? Flipkart is an example here, which was acquired by Walmart. Then you have startups like Billdesk, which was bought by PayU, PhonePe getting acquired by Flipkart and BigBasket, which became a unicorn in 2019 and were acquired by Tata Digital in 2021. All this while, India's unicorn growth was pretty slow but steady till 2017, when Jio launched its 4G services, and this brought a mobile internet revolution in the country. From 1 unicorn in 2017, India saw 10 unicorns in 2018: B2C unicorns included Swiggy, OYO, BYJU'S, Policybazaar, Paytm Mall, and Phonepe, and B2B unicorns included Rivigo, Freshworks, Billdesk, and Udaan, which was the fastest company to become a unicorn at the time - it took them just 26 months. Then, in 2019, things slowed down a bit, with just 7 unicorns that year: in the B2C category were Ola Electric, Lenskart, Dream11, Delhivery, and BigBasket, and in the B2B category were Incertis and Druva. In 2020, COVID increased people's reliance upon the internet, and host of Indian e-commerce startups like Firstcry, Cars24, and Nykaa became unicorns. Facilitating these online payments resulted in fintech companies like Razorpay and Pine Labs also achieving unicorn status. B2C startups like Verse Innovation (Dailyhunt), ed-tech startup Unacademy, fintech startup Zerodha, and SaaS startup like Zenoti and Postman also became unicorn in the same year. 2020, was followed by an even bigger year in terms of unicorns in 2021, when 44 Indian companies became unicorns. This year saw 11 E-commerce startups (Spinny, OfBusiness, Moglix, Mensa, Meesho, Mamaearth, Licious, Infra.Market, Good Glam Group, GlobalBees, Droom), 11 Fintech startups (Zeta, Slice, Mobikwik, Groww, Digit, CRED, Coinswitch Kuber, CoinDCX, Chargebee, BharatPe and Acko) becoming unicorns. Then we have 5 enterprisetech and SaaS startups (Mindtickle, MapmyIndia, Gupshup, BrowserStack, Apna), 4 health startups (Cure.fit, Innovaccer, Pharmeasy, Pristyn Care), 4 consumer service startups (Blinkit, CarDekho, Rebel Foods, Urban Company), and 3 edtech startups (Eruditus, Vedantu and Upgrad) also becoming unicorns. Other 2021 unicorn categories include Media and Entertainment startups MPL and sharechat, Logistics startup Blackbuck, Traveltech startup Easemytrip , Real Estate startup Nobroker, and Manufacturing startup Zetwork. Talking about where where these startups coming from, they were all from tier 1 cities. Bangalore is leading this list with 39 unicorns, NCR region with 32 unicorns, mumbai with 16, Pune with 6, Chennai with 5 and Hyderabad with 2. Now we are halfway in 2022 and we have already produced and now it seems that by 2025, India will have upwards of 250 unicorns. So that will be exciting to watch and we will continue to track all of this in our upcoming episodes.
The Asia InsurTech Podcast spoke to Varun Dua, the founder and the CEO of Acko, about what sets Acko apart from other InsurTech players in India and how the insurer is changing the game for health insurance. Here is the transcript of our conversation. Michael Waitze 0:00Okay, we are on. Hi, this is Michael Waitze. […] The post EP 162 – Varun Dua – Founder and CEO at Acko – Before Malls Could Happen, There Was eCommerce appeared first on Asia InsurTech Podcast.
In Episode 6 of Summit Series, Mridul Arora (Partner, Elevation Capital) speaks to Varun Dua (Co-founder, Acko) on the journey of building a tech-first insurance platform. Acko was founded in 2016 and in a short period of time, the company has launched insurance products across a number of verticals such as auto, health, appliance protection, and travel, and served 70 Mn+ customers. This approach has been well accepted by customers as Acko commands industry-leading NPS scores and has been growing close to 3X YoY, with current premiums run-rate over $150 Mn. Elevation partnered with the company as the first investor in its record (back then) $30 Mn seed round that Acko raised in November 2015. Listen to Varun talk about the difference between a tech-first & digital-first approach, Acko's brand-building journey, what's next for the insure-tech giant, and more.
Jagged with Jasravee : Cutting-Edge Marketing Conversations with Thought Leaders
How is ACKO disrupting the general insurance category in India, one city at a time ? What are the challenges and advantages of having a digital platform insurance business? What has been ACKO's Marketing Strategy ? Insurance sector marketing communication is very different from the route ACKO has taken. What were the key objectives and insights that were leveraged for different campaigns ? Ashish answers the above questions and many more as he takes us into a fascinating world of ACKO's business and marketing strategy. Ashish Mishra is the EVP Marketing for ACKO. Ashish is a MICA graduate with 18 plus years of Brand building and Marketing.Please connect with him on Linkedin - https://www.linkedin.com/in/ashish-mishra-mktgathsbc/ or Email him at ashish.mishra@acko.com Please visit his company ACKO- https://www.acko.com/ Jagged with Jasravee is facilitated by Jasravee Kaur Chandra, Director- Brand Building, Research & Innovation at Master Sun, Consulting Brand of Adiva L Pvt. Ltd. Jasravee has over 20 years experience as a Strategic Brand Builder,Communications Leader and Entrepreneur. Please connect with Jasravee on Linkedin at https://www.linkedin.com/in/jasravee/ Email Jasravee at jasravee@theadiva.com 0:00 Introduction to Ashish & Preview 1:24 Technology Company Solving for Insurance- How ACKO disrupted Insurance 6:34 ACKO Value Proposition - Pricing, Customization, Ease etc. 11:50 Delivering 10x Customer Experience 14:43 Challenges in the Journey - Bad Apples, Multiple Cities 20:32 Amazing Customer Story & Value of Cross-Selling & High LTV 23:30 Marketing Campaigns of ACKO - Octopus, Arshad Warsi & Murthy 31:02 ACKO Marketing Setup- Team Structure, Objectives, Roles 33:10 Integrating the Brand with Sport, Music & Culture 36:27 Think & Act Local 38:13 Customer Definition 39:44 Rapid Fire- Personally Speaking with Ashish 41:47 How to Connect with Ashish Ashish talks that one should only startup if one can provide 10X experience, 10X better experience than what consumers are getting right now. Insurance as a category was boring and staid, so when the customers go and buy car insurance from the app, it is so much smoother, sleeker, and greater experience, it is designed for the people who live in 2020s. ACKO has thought through the whole customer journey from discovery to claim renewal and made it super super customer centric. The ACKO team spends a lot of time deliberating "Should we OR should we not add another step into this consumer journey?" And as a marketer Ashish found it really refreshing to realize that 'I'm not the only guy in this room is the voice of the customer'. Ashish believes that the fundamental difference comes from ACKO's beliefs - 'We don't think of us just as an insurance company, we it's primarily a tech company'. ACKO is a tech company, which is trying to solve the problem of insurance through technology. Follow Jagged with Jasravee on Social Media Facebook Page : https://www.facebook.com/jaggedwithjasravee Instagram : https://www.instagram.com/jagggedwithjasravee/ Podcast Page : https://anchor.fm/jagged-with-jasravee Youtube Page : https://www.youtube.com/c/jaggedwithjasravee Linktree : https://linktr.ee/jaggedwithjasravee Jagged with Jasravee, is an initiative of Master Sun, the Consulting Brand of Adiva Lifestyle Pvt Ltd.Website : www.jasravee.com #insuretech #ackoinsurance #growthmarketing
Nigel Walsh is joined by new co-host, John Bean, Client Director and Insurance Lead here at 11:FS, as well as a great panel of guests to discuss the most recent and exciting news in the world of Insurtech. Joining us today are: * Ben Jennings, Chief Revenue Officer of Embroker * Nikki Daniels, Founder and Chair at e-Zee Insurance Solutions * Phil Terrill, CEO and founder of SoleSafe We cover the following stories: * Lemonade taps new revenue stream with car insurance launch, and plans to acquire Metromile 4:42 * InsurTech investments across the world soar to record-breaking $10bn 19:11 * Report: Owners' and Founders' Approach to Risk Management Not a Match for Today's Modern Threats 32:54 * The General Awards $25,000 NAACP Powershift Entrepreneur Grant to SoleSafe - insurance for sneakers! 44:27 * Notable, which makes RPA-based tools to speed up healthcare admin, raises $100M at a $600M valuation 55:35 * Amazon-backed insurtech Acko joins unicorn club with $255 million funding 57:25 * Model Who Won 'Miss BumBum 2021' Gets Her Buttocks Insured For £1.3m 58:55 All that and much more on this week's episode of Insurtech Insider! This episode is sponsored by Trustly. What if you could re-imagine payments for the insurance industry? What if you didn't have to rely on old and complex payment services and infrastructure? Instead, what if your payment provider could help create a user experience that stands out? And when it's time to pay out a claim it can do so instantly… to millions of bank accounts across the UK, Europe and North America. Trustly are leading the charge in unlocking the Open Banking payments revolution we are seeing today. Their Open Banking platform redefines the speed, simplicity and security of payments, for more than half a billion consumers across the globe. Visit trustly.com (https://www.trustly.net/) to read more about how they help insurtech companies make payments a key part of their digital-first approach. Subscribe so you never miss an episode, leave a review on iTunes and every other podcast app. Spread the insurtech love by sharing or tweeting this podcast. This episode of Insurtech Insider was produced by Irina Andronic and edited by George Sztuka. Special Guests: Ben Jennings, Nikki Daniels , and Phil Terrill.
This week in Indian startup news, Deepinder Goyal reveals the real reason why Zomato went public, Policybazaar's IPO date set for November 1, Paytm to launch India's biggest ever IPO on November 8, After Zostel, FHRAI wants SEBI to suspend OYO's IPO, The ‘Pe' Wars Continue: PhonePe vs BharatPe, and Chalo acquire Shuttl. In funding news, Acko raises $255 million to become a unicorn, Groww raises $251 million, DeHaat raises $115 million, Porter raises $100 million, Teachmint raises $78 million and Clear raises $75 million. Deepinder Goyal reveals the real reason why Zomato went public: In a recent interview, Deepinder Goyal revealed that the decision to go public was their only way to survive during the pandemic as their revenues were down 90% and they only had six months of cash left in the bank. They desperately needed to raise $50 million but could raise funds from their Chinese investors due to FDI rule changes and no one was willing to invest. Policybazaar's IPO date set for November 1: Policybazaar is set to open its IPO on November 1 as they plan to raise a total of $763 million from the market pricing their share at ₹940-₹980. Paytm to launch India's biggest ever IPO on November 8: India's most valuable fintech startup Paytm is set to launch India's biggest ever IPO on November 8. They will be raising a total of $2.4 billion at a valuation of up to $20 billion. The expected price band per share is ₹2,080 to ₹2,150. After Zostel, FHRAI wants SEBI to suspend OYO's IPO: The Federation of Hotel & Restaurant Association of India (FHRAI) has also filed a complaint with SEBI to stop OYO from going public. According to their complaint, OYO shouldn't be allowed to go public since there is an anti-competitive case against OYO which is being investigated by the CCI and they have failed to put out all the facts regarding the ongoing investigation. The ‘Pe' Wars Continue - PhonePe vs BharatPe: PhonePe and BharatPe have been involved in a legal battle over who owns ‘Pe'. After BharatPe launched their ‘buy now, pay later' platform ‘Postpe', PhonePe went ahead and filed another injunction against BharatPe and now they are in the process of filing a lawsuit. Chalo acquires Shuttl: Chalo, a platform that helps bus operators offer digital bus tickets and accept digital payments, has acquired a bus aggregator for office-goers Shuttl – in an all-cash deal. This acquisition will give Chalo access to thousands of their busses and help them expand their presence in the country and also expand globally. Acko raises $255 million to become a unicorn: Online insurance startup Acko has raised $255 million in a fresh round at a $1.1 billion valuation – making them India's 33rd unicorn this year. They will be using this investment to build more health insurance products for their 70 million customers. Groww raises $251 million: Online investment platform Groww has raised $251 million in a round led by Iconiq Growth – raising their valuation from $1 billion to $3 billion in just six months. DeHaat raises $115 million: Full-stack agritech startup DeHaat has raised $115 million from Sofina and Lightrock India to add more value-added services to their portfolio and replicate their success across major agricultural clusters in the next 12-15 months. Porter raises $100 million: Intra-city logistics provider Porter has raised $100 million from Global Management and Vitruvian Partners to expand their presence from 13 to 35 cities by 2023. Teachmint raises $78 million: Edtech startup Teachmint that helps teachers digitise their classrooms has raised $78 million in a round led by Rocketship.vc and Vulcan Capital. Clear raises $75 million: Clear (previously known as ClearTax), an online platform that helps individuals and small businesses in filing their income tax returns, has raised $75 million led by Kora Capital to expand their international business.
India successfully tested its surface-to-surface ballistic missile Agni-5 on Wednesday. According to a statement by the Ministry of Defence, it can strike targets at ranges up to 5,000km with a very high degree of accuracy. The successful test of Agni-5, which can carry nuclear bombs, is in line with India's stated policy to have credible minimum deterrence that underpins the commitment to ‘no first use,' the defence ministry said in the statement. Merck, an American drug company, will give out the formula for its Covid-19 pill—which could potentially save lives among those at higher risk of hospitalisation from the coronavirus infection—to other pharmaceutical companies worldwide. The drug, known as Molnupiravir, has shown promise in treating the disease. Merck signed the first agreement to license its production with the Medicines Patent Pool—a United Nations-backed public health organisation working to increase access to and facilitate the development of life-saving medicines for low- and middle-income countries. China has built a quantum computer 10 million times faster than Google's Sycamore, reports Indiatimes. Created by researchers from the University of Science and Technology of China and led by Pan Jianwei, the quantum computing system is called, Zuchongzhi 2.1—after a mathematician from the 5th century. The world's biggest tech companies including Google, IBM and Honeywell, as well as several startups are in a race to build commercial quantum computers that use qubits, which can exhibit multiple quantum states rather than the binary states of 1 and 0 in current computers. Snap has hit 100 million monthly active users in India of the Snapchat app, co-founder and CEO Evan Spiegel said in a virtual event on Wednesday. According to a report by TechCrunch, the company is striking deals with Android smartphone makers, TV channels Sony and Zee TV and e-commerce company Flipkart to expand its reach in the subcontinent. Snap has over 500 million monthly active users worldwide. Acko has raised $255 million in a new funding round led by General Atlantic and Multiples Private Equity, valuing the four-year-old insurance company at $1.1 billion, Economic Times reports. Canada's largest pension fund, CPPIB, and Lightspeed Growth as well as existing investors Intact Ventures and Munich Re Ventures also participated in the funding round. Acko will use the money to expand into health insurance, according to ET. (3:22) Interview: Mohit Yadav, co-founder of REVOS on a peer-to-peer charging network India is on the cusp of an EV revolution and several emerging startups are building various parts of the ecosystem. In today's interview, Mohit Yadav, co-founder of REVOS tells Forbes India about his company's efforts to build a peer-to-peer charging network with a smart-socket based charging point that can be used across different makes of vehicles. The P2P network also allows users to make some money by sharing their electricity.
This week in Indian Startup News, Online pharmacy startup PharmEasy acquires 25-year-old Thyrocare, Update on Ola's electric scooter and Futurefactory, PolicyBazaar IPO and expansion into offline insurance space, Shuttl to shut down, and Lenskart's expansion and their new startup fund. In funding news, PharmEasy raises $300 million, Acko in talks to raise $200 million, Fourth Partner Energy raises $125 million, Grofers raises $120 million and Classplus raises $65 million. Online pharmacy startup PharmEasy acquires 25-year-old Thyrocare: India's only pharmacy unicorn PharmEasy's parent company API Holdings has signed a deal to acquire 66.1% stake in a 25-year-old diagnostics company Thyrocare for a whopping $613 million. This deal is huge for the Indian startup ecosystem, considering this is the first time ever that an Indian unicorn startup has acquired a publicly listed company. Update on Ola's electric scooter and Futurefactory: Ola's electric scooter manufacturing facility called Futurefactory is nearing the completion of its first phase – which means they will be able to start rolling out 2 million of Ola's electric scooters soon every year soon. While not much is known about Ola's electric scooters yet, they are expected to offer a range of 150 km. PolicyBazaar IPO and expansion into offline insurance space: PolicyBazaar's parent company Etech Aces Marketing and Consulting is planning to file for IPO as soon as this month and the company could go public by the end of this year. They are expected to raise $400-500 million at a $4-5 billion valuation. The insurtech startup has also forayed into offline insurance space by setting up 15 stores and they plan on increasing the number to 100 in the coming months. This move is critical for their business because despite being the leader in India's online insurance space, more than 90% of the insurances are still sold offline. Shuttl to shut down? App-based on-demand bus service for daily office commuters Shuttl was doing over 100,000 rides every day before the pandemic. However, with the offices shut down and employees largely working from homes, their business has been at a standstill for the last year. Shuttl has already let go of most of their employees and they are now planning to sell whatever is left of the company to a larger player. Lenskart's expansion and their new startup fund: Omnichannel eyewear unicorn Lenskart which already has more than 750 stores is now planning to add 300 more stores to strengthen their offline presence. The startup has also set up a ‘Vision Fund' – which will be used to invest in smaller startups in the eyewear tech space. PharmEasy raises $300 million: Online pharmacy unicorn startup PharmEasy has raised $300 million from their existing investors to help them fund the acquisition of Thyrocare. Acko in talks to raise $200 million: Online insurance startup Acko is in talks with the likes of General Atlantic, Warburg Pincus, Multiples Alternate Asset Management and TPG to raise $200 million. If the deal comes through, Acko will end up being a unicorn. Fourth Partner Energy raises $125 million: Solar energy startup Fourth Partner Energy has raised $125 million in fresh capital from Norway's state-owned Norfund and TPG. Grofers raises $120 million: Grofers has raised $120 million from food delivery giant Zomato and Tiger Global Management. Zomato is seeking CCI's permission to acquire a 9.3% stake in the startup. Classplus raises $65 million: Edtech startup Classplus has raised $65 million from Tiger Global Management to help offline tutors set up their online business.
This week in Indian startup news, CarTrade gears up for an IPO, Ziffyhomes is in trouble – might shut down soon, Oyo announces four-day work week, Zerodha says no to work calls after 6 P.M., Groww to acquire Indiabulls' mutual fund business and FuelBuddy acquires MyPetrolPump. In funding news, Flipkart is in talks to raise $1 billion, Acko looking to raise $200 million, Grofers could get $100 million from Zomato, Mamaearth in talks to raise up to $80 million, Rapido raises $43.4 million and Cron AI raises $4 million. CarTrade gears up for an IPO: CarTrade, an online platform for selling used cars, is expected to file for IPO this month – which would make it the first online classified company to go public in the country. The startup was founded in 2009 by Vinay Sanghi and over the years it has expanded its offerings to become a one-stop-shop providing everything from loans and insurance. They are also among the few startups that are actually profitable. Ziffyhomes is in trouble – might shut down soon: According to a report by Entrackr, Ziffyhomes is in the final stages of shutting down its operations. At the moment, their website and app are non-functional and their customer care number isn't working either. While the company's co-founder Saurabh Kumar has said that they are scaling down their operations but not shutting down altogether. However, things are looking pretty grim for Ziffyhomes. Oyo announces four-day work week: OYO is moving towards a four-day work week to ease their employees' mental stress and they are also implementing a “no questions asked flexible infinite paid leave” policy. Zerodha says no to work calls and chats after 6 P.M.: Online stock trading unicorn Zerodha's founder Nithin Kamath took to Twitter to announce that they have “killed all work-related chats post 6 P.M. and holidays”. Groww to acquire Indiabulls' mutual fund business: Online investment platform Groww has signed a deal with Indiabulls to acquire their mutual fund business for Rs 175 crore. This will allow Groww to create its own mutual fund products and use its network of 15 million users to grow the business. FuelBuddy acquires MyPetrolPump: On-demand fuel delivery startup FuelBuddy has acquired another online fuel delivery platform MyPetrolPump as it looks to expand into new geographies. Flipkart is in talks to raise $1 billion: E-commerce behemoth Flipkart is looking to raise $1 billion at a $30 billion valuation ahead of its expected IPO via SPAC. Acko looking to raise $200 million: Online insurance platform Acko is in the market looking for a $200 million investment. Grofers could get $100 million from Zomato: Online grocery delivery startup Grofers could get a $100 million investment from food delivery giant Zomato as it looks to expand into grocery. Mamaearth in talks to raise up to $80 million: Direct to consumer personal care brand Mamaearth is in talks with Sofina to secure anywhere between $60-80 million in a new funding round. Rapido raises $43.6 million: Bike taxi aggregator Rapido has raised $43.6 million in a round led by WestBridge Capital. Cron AI raises $4 million: Deeptech startup Cron AI has raised $4 million in a round led by VenturEast and Kitaki Ventures.
Yogesh and Kulin can be called the Jai-Veeru of the Insurtech start-up space. The two met at ACKO, a private sector general insurance company. And since then, the two have a strong entrepreneurial bond which led them to start Onsurity in early 2020, with the primary goal being enable to allow SME’s to provide their employees with proper healthcare facilities. So In May 2020, Onsurity launched India's first healthcare membership. This runs on a monthly subscription, which enables SMEs to provide health care support to their employees. One, having spent 14 years working in the startup ecosystem and the other being the youngest one to clear the actuarial exam, this duo is the prefect combo. Listen to Yogesh and Kulin from Onsurity talk to Krishna Jonnakadla from Maharajas of Scale, about building and scaling an Insurtech startup, the challenges that come with it and much more on this episode of Maharajas of Scale Podcast.
The Desi VC: Indian Venture Capital | Angel Investors | Startups | VC
Venk Krishnan is the founder of NuWare and NuVentures. NuVentures is an early stage venture fund based out of Bangalore which has backed companies such as MuSigma, BigBasket, Acko, Pocket Aces, Thrillophilia among others. Follow Venk Krishnan (@krishnanVenk), host Akash Bhat (@bhatvakash) and the podcast (@thedesi_vc) on Twitter. . . . The Desi Startups of the Week:1. BurnCal: India's First AI based home fitness trainer that can see and guide user to provide real time feedback on their pose and reps. 2. Q-Blocks: A distributed computing company building affordable supercomputers for high performance computing applications like ML model training, Running simulations, big data analytics or creating the next deep fake.. . . In this episode we will cover:1. Covid related (0:47)2. Operator VC (6:35)3. How does being a VC help being an entrepreneur?(12:39)4. Road to Venture Capital (17:50)5. The MuSigma deal (26:12)6. How did Venk get clarity on setting up a fund (30:20)7. Thesis at NuVentures (34:30)8. Diverse portfolio development from an LP perspective (39:25)9. Angel investing vs syndicate/VC investing (47:40)10. Rapid fire (56: 25)
Acko Ankarberg Johansson utnämndes för ett år sedan till ordförande för riksdagens socialutskott, som hanterar för oss alla viktiga frågor inom hälso- och sjukvård och vår välfärd. För ett år sedan fick hon dessvärre ofrivillig insyn i vården, när hon inom loppet av en vecka fick två stroke. Men tack vare professionell vård och rehabilitering av riktiga stroketeam var hon redan tillbaka i riksdagsjobbet efter bara några månader. Hon lyfter, precis som Neuros medlemmar i Neurorapporten 2019, att rehabiliteringen är viktig för individens framtid. Då och då hörs riksdagsledamoten Acko Ankarberg Johanssons småländska dialekt i TV och radio när hon svarar på medias frågor. Hon har många års erfarenhet av politiskt arbete både på riksplan och dessförinnan i sin uppväxtkommun Jönköping. Hennes gång är åter stabil när hon vant rör sig uppåt i Riksdagshusets vindlande korridorer i huvudstaden. Utåt märker man inte att hon haft två stroke, hjärninfarkter i höstas och dessutom några TIA-attacker under våren. Men inombords kämpar hon för att hantera de växlande situationer hon hamnar i och alla möten med människor. – Jag har nu också diagnosticerats med hjärntrötthet och det innebär att jag har behövt hjälp med rehabilitering för att klara ut livet, säger Acko Ankarberg Johansson. Två dagar i veckan har hon varit dagpatient på Rehabmedicinska kliniken vid Ryhovs sjukhus under en period. – Det har hjälpt mig ofantligt mycket! Arbetsterapeut, fysioterapeut, kurator och läkare har tillsammans gett mig verktyg för att klara hjärntröttheten på ett uthärdligt sätt. Mitt liv innebär idag många kognitiva begränsningar jämfört med tidigare men tack vare de rehabmedicinska insatserna har jag fått strategier som hjälper mig varje dag, säger Acko. Mer om förbundets Neuros arbete och för att bli medlem och bidra till den neurologiska forskningen: www.neuro.se Det här är en episod av Neuropodden, en podcast om att leva med en neurologisk diagnos, i det här fallet stroke. Producent Håkan Sjunnesson, Neuro Läs artikeln på: https://neuro.se/artiklar/diagnos/riksdagsledamot-trots-stroke/
Kulin Shah is the Business Head at Acko General Insurance. Acko is a licensed digital general insurance company in India started in 2017 by Varun Dua, who is also behind aggregator Coverfox. Acko has some of the best investors in the world on its cap table including Accel, Amazon and Flipkart. He speaks about how […] The post Ep 20 – Kulin Shah – VP Acko General Insurance – Obsessively Customer Focused appeared first on Asia InsurTech Podcast.
In total, this week, 14 startups raised $111.86 Mn funding and three startup acquisitions took place. This week, one of the biggest funding rounds in the Indian startup ecosystem was raised by Bengaluru-based real estate platform NoBroker.com. The company raised $51 Mn in Series C funding led by General Atlantic, along with existing investors BEENEXT and SAIF Partners also participated in the round. The company looks to use the fresh funds for expansion and improving the user experience. This brings the total funding raised by NoBroker to $71 Mn. Gurugram-based Pristyn Care raised $4 Mn in Series A funding round from Sequoia India. The company will use the capital to improve its medical capabilities, invest in technology and expand its team of medical professionals. The startup is currently operational in 20 clinics across Delhi, Bangalore and Hyderabad, and plans to expand its clinic network to 50 by December 2019. Bengaluru-based self-publishing platform Pratilipi raised $15 Mn (INR 105 Cr) in a funding round led by China-based venture capital Qiming Venture Partners. The startup’s existing investors including Nexus Venture Partners, Omidyar Network India, Shunwei Capital, Contrarian Vriddhi Fund and WEH Ventures had also participated in the round. With this fundraise the company will be focusing primarily on improving the technology infrastructure including its recommendation and personalization engines and on expanding the number of writers on the platform. Ola-backed scooter sharing app Vogo raised $3.6 Mn (INR 25 Cr) from Alteria Capital. The company positions itself as a cost-effective alternative to cabs and autos for short distances. It will use this investment to further fuel its growth. Delhi-based budget hotel chain FabHotels raised INR 54 Cr (around $7.8 Mn) from existing investor Goldman Sachs along with marquee venture capital firms Qualcomm Ventures, and Accel Partners India, who is one of the early backers of the company. FabHotels had raised a total of $42.8 Mn funding till now. Moving on to acquisitions: Mumbai-based motor insurance provider startup Acko acqui-hired Mumbai-based automotive company VLer Technologies. The financial details of the deal have not been disclosed yet. Following this acquisition deal, both the VLer founders, Sanjay Bharti and Akash Saxena have joined the Acko Technology team. CleanseCar announced its acquisition of Carnanny, a subscription-based daily car wash and car care services, in an all-stock deal. The acquisition was mediated by CleanseCar’s investor and Carnanny’s mentor Dhianu Das, Founder, Alfa Ventures. What else caught our eyes? Paytm is reportedly in talks to acquire Mumbai-based online insurance startup Coverfox for $100-120 Mn in an all-cash deal. Reportedly the Paytm board is in the process of finalising the deal. ShareChat may raise $100 Mn at $600 Mn – $650 Mn valuation. Reportedly, the investment is likely to come from new investors, the microblogging site Twitter and Hong Kong-based investment management firm Hillhouse Capital, with backing from existing investors including Xiaomi, Shunwei Capital and Morningside Venture Capital. Rising traffic congestion and longer urban commutes are leading people to look for alternative ways to reach their destination in the most convenient, affordable, and time-efficient manner. This might show an increase in startups that leverage micro mobility to solve commuters problems. Micro-mobility vehicles like bicycles, skateboards, skates, mini-scooters, e-bikes, small electric vehicles with one or two seats — is making headlines around the world, not only for the huge sums of money raised (over $5 billion) but also for the concerns regarding safety and operational viability of these businesses. Will this be the next shift in ride hailing apps in India? Let’s wait and watch.
Tvillingarna ber om ursäkt för uppehållet. De pratar bland annat om den gamla goda tallriksmodellen och godheten i att äta vikta mackor med kaviar och doppa i Oboy. Både bonuspappa Acko och mamman gästar. See acast.com/privacy for privacy and opt-out information.
Laikykitės ten trečiąjį sezoną pradeda kalbėdama apie be galo svarbų dalyką - Nacionalinį gynybos susitarimą. O naujienų apžvalgoje - nuo politikų ašarų iki gausėjančio kandidatų į LR Prezidentus būrio.
In a startup ecosystem that runs on a culture of “move fast and break things,” Varun Dua took the path less traveled to establish Coverfox in 2011, an online insurance aggregator platform . Seven years down the line, we look back at his startup journey and the lessons he learned from plunging into the Indian insurance market as an entrepreneur. We also learn more about his newest venture: Acko, a general insurance company developing an innovative, more efficient age of insurance. Though Varun only fell into insurance coincidentally, he was quickly sucked into its world and discovered everything about the market's complex inner workings. Then it wasn't long before the itch to startup got to him. In his own words, “I started off not really clear about what I wanted to do, but I definitely didn't want to do what I was doing.” Varun therefore talks to us about how he identified his vision, and in true startup fashion, the critical ways he pivoted his initial idea to solve more imperative problem statements. What originally started as a B2B software service company for insurance providers grew into Coverfox. Through tedious market research, many hours of fine tuning, and a hasty wake-up call about his technical understanding of product management and process development, Varun changed the way insurance works in India's ecosystem. His Coverfox journey was all about asking the important questions that providers and aggregators simply weren't addressing. For example, do we really want our customer to go down to their car park, unlock their car, open their glove box, find their soon-to-expire car insurance policy, and log back onto the website, just to enter their policy's expiration date into a field on our online questionnaire? We are sure you are tired just reading that sentence, which is why Varun streamlined this process to make closing a deal faster and simpler. It is no wonder then that Coverfox has become one of the leading online aggregators in India. More importantly, Varun gained a better appreciation for business processes and product management - two aspects he advises all startup founders to pay attention to, especially if they are eventually interviewing product managers only to have no idea what questions to ask. (True story! Hear it directly from Varun.) This is what makes his journey into the nitty gritty world of insurance as a provider with Acko so important to him. He first sought to turn the insurance market on its head - but you can't add a new coat of paint and expect the building to suddenly become brand new; You've got to change the rails and the plumbing too. “And if you really want to change the plumbing, you'll have to start manufacturing it,” he states. Thus, he established Acko, an effortless way to find insurance, because it goes where the consumer goes, whether that's Amazon.in or the Ola app. Join us on the latest INSIGHTS podcast as Varun discusses how he responded to those crucial questions, his product-market fit research process, and the key takeaways from his journey at Coverfox that all those looking to startup should know.
On this episode of Shunya One, we are joined by Kulin Shah, VP, Acko General Insurance. This conversation focusses on digital insurance products coming from Acko, how they work with various data points for their customers and focus on tech as their core solutions. Kulin also talks about his journey at FreeCharge and lots more. Tweet to Kulin Shah @NowEntrepreneur, Shiladitya Mukhopadhyaya @shiladityaand Amit Doshi @doshiamit for your questions or reactions to this episode! To join the Shunya One slack channel, request for an invite here: http://ivmpodcasts.com/shunyaone Listen to this show and other awesome shows on the IVM Podcast App on Android: https://goo.gl/tGYdU1 or iOS: https://goo.gl/sZSTU5
In late December 2017 Elon Musk announced that Tesla is making AI chips for its autonomous vehicles, really amplifying this topic into the mainstream. Our Insurtech panel begin by actually discussing what autonomous vehicles actually are-is it just driverless cars or are there more options? Could public transport and lorries become automised? Insurance of course being the subject of the show, our panel discuss how insurance products and companies are impacted by the evolution in this technology. Does this put insurance companies out of business? In the second part of the show, Sarah and Nigel Walsh talk through this week's news. First up, staying with autonomous cars, Business Insider released an article titled: GM just revealed a fully autonomous electric car — and it doesn't have a steering wheel. They plan to roll the car out in 2019, is this too soon for society? Next- Nissan tech allows a car to read your mind to boost reaction times, Brain-To-Vehicle could apparently increase reaction times by an impressive 0.2 seconds! Finally, Amazon enters the insurance market as they reportedly invested in Indian insurtech startup Acko. Although this is unconfirmed, is this only the start of Tech companies disrupting the industry? If you enjoy the show, subscribe so you never miss an episode and leave us a review on iTunes. If you want to get in touch, reach out to us on Twitter @InstechInsiders (https://twitter.com/instechinsiders) or email podcasts@11fs.com. Special Guests: David Wiliams, Greg Brown, and Oliver Ralph.
Valet av ny partiledare förra året skulle betyda en nystart för KD. Politiken lades om på flera områden, men väljarna har inte strömmat till. Hur stort är tålamodet med den nya ledningen? Ekots politikkommentator Fredrik Furtenbach följer upp intervjun i samtal med Monica Saarinen.Efter krisen i Liberalerna: hör reportaget med "de olydiga" - tre riksdagesledamöter som gått emot partilinjen. Hur stort är utrymmet avvika i partierna? I en individualistisk tid har det blivit svårare att få partierna att gå i takt?
Tidigare orförande i Jönköpings kommunstyrelse. Idag kristdemokraternas partisekreterare och Göran Hägglunds högra hand. Men vem är Acko när hon inte axlar rollen som politiker? Vi pratade lite om hur man plankar in på Elmia, om böcker och begravning, om livet som politiker. Och såklart en del om Jönköping och Hv71.