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Dhan Bets Big on Insurtech Buying Greenlife Insurance to build a direct consumer insurance empire

Dhan Bets Big on Insurtech Buying Greenlife Insurance to build a direct consumer insurance empire

Dhan’s parent Raise Financial Services is accelerating its full-stack fintech ambitions with a cash-and-stock acquisition of insurance broker Greenlife Insurance (GIBL). The deal, terms undisclosed, will bring GIBL’s 25-member team to Mumbai and is paired with a $15 million investment to build a direct-to-consumer insurance business. Raise says it’s a natural bridge from financial planning to recurring trust, leveraging GIBL’s offline presence across 50 East and Northeast cities plus B2B relationships, while the risk is overbuilding amid multiple acquisitions.

Summarised by Beize from a story on Inc42 on 14 May 2026
Raise Financial Services buys GreenLife Insurance Broking and plans a $15 million tech insurance platform

Raise Financial Services buys GreenLife Insurance Broking and plans a $15 million tech insurance platform

Raise Financial Services, the parent of stockbroker Dhan, has acquired IRDAI-registered GreenLife Insurance Broking in an all-cash and stock deal. The Mumbai-based fintech will invest about $15 million to build a technology-led consumer insurance distribution platform, aiming for launch by end-2026. Regulatory approvals are in place, and GreenLife will remain a wholly owned subsidiary within Raise’s ecosystem.

Summarised by Beize from a story on Know Startup on 13 May 2026

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Instafix and Nivasa lead India funding surge while Groww backers cash out ₹5,326 crore post lock in

Instafix and Nivasa lead India funding surge while Groww backers cash out ₹5,326 crore post lock in

Early stage deals dominated India’s startup news on 13 May 2026. Instafix raised ₹7.55 crore pre-seed for rapid smartphone repairs. Nivasa Finance secured ₹25 crore seed to expand affordable housing lending. In public market spillover, Groww’s lock in expiry triggered block deals worth ₹5,326 crore, while Jio Platforms named Akash Ambani MD ahead of its IPO.

Summarised by Beize from a story on Startup Talky on 13 May 2026
IPO Bound Acko Turns Profitable With ₹43 6 Crore Net Profit in FY26

IPO Bound Acko Turns Profitable With ₹43 6 Crore Net Profit in FY26

Insurtech unicorn Acko says it turned profitable in FY26 with net profit of ₹43.6 crore, swinging from a ₹193.4 crore loss in FY25. Net earned premium rose 26% to ₹191.8 crore as operating expenses fell 12.3%. Investment income declined, but gains from investment sales improved. The turnaround comes as Acko gears up for an IPO, after laying off about 5% of its staff.

Summarised by Beize from a story on Inc42 on 11 May 2026
Tencent sells entire PB Fintech stake in huge ₹805 crore block deal, trimming years-long bets

Tencent sells entire PB Fintech stake in huge ₹805 crore block deal, trimming years-long bets

Tencent has exited PB Fintech completely, selling its entire 1.05% stake for ₹805.4 crore through a block deal. The sale involved offloading 48.4 lakh shares at ₹1,664 each, bought by funds including HDFC Mutual Fund and Morgan Stanley. Tencent’s stake has been steadily falling since 2019, as PB Fintech’s profits and revenue climb despite mixed share performance.

Summarised by Beize from a story on Inc42 on 9 May 2026
Corgi insurance startup jumps to 1.3 billion valuation four months after Series A

Corgi insurance startup jumps to 1.3 billion valuation four months after Series A

Corgi, an insurance startup, announced a $160 million Series B led by TCV, valuing the company at $1.3 billion. The remarkable part: it’s only been four months since its Series A, signaling rapid investor confidence and a fast path to scale in the insurtech space.

Summarised by Beize from a story on TechCrunch on 6 May 2026

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Go Digit Q4 net profit jumps 29% to Rs 149 crore on higher income

Go Digit Q4 net profit jumps 29% to Rs 149 crore on higher income

Go Digit General Insurance posted a sharp 28.8% year on year rise in profit after tax, reaching Rs 149.4 crore in Q4 FY26. Total income grew 9% YoY and 25% QoQ to Rs 3,111.7 crore, while expenses increased only 3% YoY to Rs 2,500.8 crore, driving the surge.

Summarised by Beize from a story on Inc42 on 28 Apr 2026
Acko hires top bankers for IPO plans and targets H1 2027 listing

Acko hires top bankers for IPO plans and targets H1 2027 listing

Insurtech unicorn Acko has brought in ICICI Securities, Morgan Stanley, and Kotak Securities as IPO bankers, according to sources. The company is reportedly aiming for a $2–2.5 billion valuation, plans to file DRHP in the confidential route in H2 2026, and expects to list in H1 2027. The IPO is expected to include fresh shares and an OFS component.

Summarised by Beize from a story on Inc42 on 27 Apr 2026
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