Week Ending June 15, 2024
# 1 Market Street stabilised after week of post-election turbulence and equity indices did record fresh new highs on Thursday,...
TVS Capital Funds (TCF) is one of the leading Indian growth equity funds. Since its inception in 2007, TVS Capital has been on a mission to partner “Next-Gen” entrepreneurs in building successful multi-decadal businesses.
TCF was founded by Gopal Srinivasan, a third-generation entrepreneur of the TVS family, as a “Designed for India” fund and is a pioneer in the Indian growth equity industry. We focus on portfolio value creation by bringing in capability through its vast network of industry leaders, advisors, and partners.
We are driven to help ambitious entrepreneurs forge their growth stories.
PhonePe is a leading Indian digital payments and financial technology company headquartered in Bengaluru, India. PhonePe is the market leader in UPI payments, processing over 150+mn daily transactions. The platform has over 40Cr registered users, and over 3Cr registered merchants till date. The platform also offers mobile recharges, bill payments, insurance, and mutual funds to its users. PhonePe’s vision is to ‘offer every Indian equal opportunity to accelerate their progress by unlocking the flow of money and access to services’.
PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The Company is majority-owned by Walmart, and counts General Atlantic, Tiger Global, Ribbit Capital, and Binny Bansal among its other shareholders.
InsuranceDekho is the leading Indian Insurtech player started in 2016 headquartered in Gurgaon, India. Founded by Ankit Agrawal and Ish Babbar, InsuranceDekho has seen significant premium growth since its inception. As at January 2023, the company has more than 80,000 agents with a presence in 1300+ pincodes.
InsuranceDekho is a broker aggregating insurance agents (POSP model) and helping them sell policies to end customers via a technology platform. They aim to take insurance to every pincode in India and provide technology based solutions to the stakeholders. InsuranceDekho has tied up with 45+ insurance companies (amongst first few to Integrate with LIC and National India Assurance). The technology platform provides end-to-end service to agents including (1) enrolling agents (2) generating comparative insurance quotes and benefits (3) reminding them of renewals (4) servicing layers for claims (5) learning and development for new products.
