Insurtech platform Zopper stated it had reached $100 million in annualised insurance premium Because of the acceleration in digital transformation, the demand for digital solutions exploding across the insurance value chain, and ecosystem partners cooperating with insurtech businesses. “Achieving $100 million in annual insurance premium is a significant moment for stakeholders,” Surjendu Kuila, founder and CEO, Zopper said in a statement on Friday. “We aim to increase insurance penetration in the country by leveraging new-age technology. The world is embracing digitalization at a much faster pace than expected, especially owing…

Nazara Technologies, a digital gaming and sports company, will buy a 33% stake in Datawrkz Business Solutions, according to a regulatory filing on Friday. In addition, Nazara Technologies’ board of directors has approved a Rs 30 crore investment in its subsidiary Next Wave Multimedia. According to Nazara Technologies, the board has approved the issuance of approximately 1.1 lakh equity shares at an issue price of Rs 2,260 each, amounting to approximately Rs 24.99 crore, for the purpose of acquiring 22,499 equity shares of Datawrkz Business on a preferential basis. “Post…

Scaler, an edtech firm, has purchased AppliedRoots, an online learning platform, for $50 million in cash and stock. According to a senior company executive, the deal will allow it to improve its data science, artificial intelligence, and machine learning capabilities. The acquisition is the company’s third in the last 12 months, and it comes just two months after it raised $55 million in Series B funding from Lightrock India-led investors. It bought Coding Minutes and Coding Elements last year. Scaler’s parent company, InterviewBit, was founded in April 2019 by Anshuman Singh…

Volopay, a Singapore-based fintech platform, announced on Tuesday that it had raised $29 million from Cameron and Tyler Winklevoss, as well as a global decacorn and others, to enter the Indian market. In Series A, the Y Combinator-backed corporate cards and payment management startup raised funding in a mix of equity and debt. “With India churning out several unicorn-level enterprises every year, it is indeed making a big wave on the global frontier. And this is only the beginning,” said Rajith Shaji and Rajesh Raikwar, Co-founders, Volopay. “Accelerating their growth…

Clear (previously ClearTax), an online taxation and fintech software provider, has entered the lending market with the launch of its invoice-discounting product for small and medium businesses (SMEs). This comes at a time when the company is focusing heavily on foreign expansion, having raised $75 million from Stripe, a US-based payments powerhouse, and others in October of last year. According to a release, the company now plans to process $3 billion in merchant loans by FY’24. As part of its effort to provide working capital solutions to suppliers and SMEs,…