Archive: September 20, 2022

Education

Impact on students on the deferment of NEET PG 2022 Counseling…

Sep 20, 2022 by Rekha Nair 0 Comments

The NEET PG Counseling 2022 for the postgraduate admission courses has been postponed from the original date which was September 1 to September 19. The NEET PG counseling 2022 has been postponed and is now likely to be held after September 15 with a larger number of seats.

The ministry has not yet disclosed the new date, but according to the official sources the NEET PG counseling 2022 will commence after or on September 15. This delay in the process will cause various consequences such as it will lead to the delay in the beginning of the session, the classes of the batch will not commence timely, this will cause a state of depression & anxiety for the doctor’s batch and the most important thing which should be kept in mind that the time will be less for the batch which is ready for 2023.The increasing number of seats for the candidates has resulted in delay in counseling and hence it will also help in grooming of the candidates mentally.

Generally, the NEET PG counseling occurs around the month of March, but due to COVID-19 and last year’s delayed application ,the process of counseling got delayed , which will or has created a dilemma situation as the doctors are confused and worried about the careless behavior of National Medical Committee (NMC),but due to delay in the process of counseling, the number of seats are increasing gradually. Doctors are worried about the precious future of the candidates, which has led to development of anger issues among the doctors and their daily routine is disturbed due to this irregularity.

The revised announcement regarding the process of counseling of NEET PG 2022 that it will be held on or after September 15 can be beneficial as it will upgrade the MSMD seats.

According to Gaurav Tyagi, a renowned medical counselor and founder of Career Xpert “Session will commence late as the counseling is being delayed, and the next batch for 2023 and NEET PG 2023 exam will be soon and more delay in the process of counseling will majorly impact it. The three year curriculum will be disturbed and the students will be panicked and the batch of doctors are facing anger issues and disturbed routine. This decision has to be finalized till September 19 or else more delay will arise various consequences & this will only be beneficial as the seats of MSMD seats will be upgraded till September 15. The decision whether the NMC bill will be implemented or not is also a dilemma.”

Business

GoMechanic Spares holds Mechanic Prize Distribution in Ahmedabad…

Sep 20, 2022 by Rekha Nair 0 Comments

Ahmedabad, Friday, September 2022: GoMechanic Spares, India’s No.1 car spare parts brand organized a Mechanic Prize Distribution Ceremony at 4D Mall, Motera, Ahmedabad on Tuesday evening. The event was organized in association with GoMechanic’s authorized spare parts distributor for Ahmedabad, Shree Maruti Lubricants. Mr. Ashokbhai Patel from Khodiyar Automobile, Gandhinagar was rewarded with a Bajaj Platina motorcycle for his exceptional loyalty toward the GoMechanic Spares brand & being the top buyer of GoMechanic genuine spare parts. Several gifts including household appliances & travel accessories were also distributed to other loyal customers by Mr. Ambesh Bhansali, owner of Shree Maruti Lubricants. The event was attended by over 150 mechanics, workshop owners & retailers around the city who came to witness the ceremony.

In an exclusive interaction Nitin Rana, Co-founder, GoMechanic, said “We are extremely delighted to be able to honor & reward the efforts of our loyal customers. The event is focussed mainly to appreciate the best workshops, retailers & mechanics who have been continuously purchasing & distributing GoMechanic’s genuine spare parts in their respective markets. With their support, we have already spread our network to 100+ distributors and 600+ retail counters & workshops across 65+ cities in two years & will continue to expand at this pace.” He also said that more such felicitation ceremonies will be held in several other regions in the coming days. 

The brand aims to strengthen the network of distributors and mechanics across the country by providing them with genuine spare parts at the best prices and dedicated sales & marketing support. This will eventually lead to the expansion of the spare parts business across the country making GoMechanic Spares one of the most trusted brands.

Education

EduCrack announces the Comprehensive Test Pack for CAT and CLAT

Sep 20, 2022 by Rekha Nair 0 Comments

EduCrack is launching Comprehensive Test Pack (CTP) for CAT and CLAT aspirants. These test series can help the students to test, retest their readiness and to check their preparedness and sharpen their skills before the Exams.

With CAT 22, round the corner, the aspirants will be able to take sectional tests as well as the Full-length test with the help of CAT-CTP’s by EduCrack. Through CAT-CTP, the CAT’22 aspirants will get exposed to the rigor and the high standards of CAT through 30 Full Length tests (EduCAT series) and 90 Sectional tests. Video analysis, detailed solutions and performance benchmarking is also available for the students.

The December 22, CLAT exam being the first CLAT exam post pandemic will be expecting a higher number of exam takers where students have prepared extensively. To help students in achieving their goals, and prepare themselves EduCrack launches 2 different variants of highly customized and close-to-real Test series. The first variant has been named as CLAT Comprehensive Test Pack (CLAT-CTP) and the variant consists of 30 dedicated CLAT Mock tests and 150 CLAT sectional tests- 30 Tests each for each of the Sections. The second variant comes with a distinctive feature and perhaps first of its kind in the CLAT Preparation, as it helps the Aspirants in one of the biggest challenges they face while preparing for and taking CLAT- General Knowledge. The second Variant is called CLAT Comprehensive Test Pack +GK (CLAT-CPT+GK) and includes the First variant + 12 months of extensive General Knowledge for student’s benefit.

“The CTP’s for both these exams come with detailed solutions and analysis and are priced keeping in mind the ethos of EduCrack. The socio-economic constraint and geographical boundaries should not be a deterrent in providing quality education. We believe in providing quality content for our students and we believe that these Test series are going to help a lot of them” says, Mr. Anand Bhushan, CEO, EduCrack. 

Mr Bhushan further said that EduCrack have launched their Online Classes for November 23 CAT exams as well, where students will be prepared for CAT as well as other MBA entrance exams like IIFT, SNAP, XAT, NMAT, MHCET etc. The classes for CLAT December 2023 are also starting to coach the students for CLAT and various other Law exams. These classes will run for more than 15 months and will prepare the students not only for the written exams but also mentor them for GDPI and interviews.

EduCrack have always believed in giving students what they need and not what they want. EduCrack believes in sticking to our ideology. The CAT-CTP can be accessed through the EduCrack website and also by calling on the company number and speaking to the Academic Counsellors. For these CLAT- CTPs, the students can call and speak to Academic Counsellors and get a further fee discount basis their class Tenth/Twelfth marks.

Business

Assure Clinic announces major international business expansion plans, ventures into GCC region starting with Dubai

Sep 20, 2022 by Rekha Nair 0 Comments

Mumbai, September 2022: Assure Clinic, a leading name in hair restoration and skin services, has announced plans to expand its footprint through a network of centers in the Gulf Cooperation Council (GCC) region. Starting with the launch of its first international center in Dubai, this October, Assure Ventures, an entity being set up to drive the new business is set to give people in the GCC region an opportunity to avail of the very best in hair and skin treatment.

Since its opening in 2016, Assure Clinic helmed by its Founder, and MD Dermatologist, Dr. Abhishek Pilani, and Founder Dr. Priyanka D Pilani has successfully steered the company to operate 13 outlets across Mumbai, Ahmedabad, Bangalore, Indore, Raipur, Surat, Jaipur, Vadodara, and Lucknow. A privileged center is also set to open in Andheri over the next few weeks.

Assure Clinic’s foray into the GCC region, through Assure Ventures, is being done in partnership with Mr. Sathish Subbiah, the Founding Partner of Fiducia Capital, DIFC. An investment of USD 6 million, has been agreed and will be deployed in several tranches. As a part of the expansion plans, Assure Ventures will establish a network of 6-8 centres over a two year period offering hair restoration and dermatological services. Besides Dubai, the centres will be located across the GCC, including Abu Dhabi, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain.

Assure Clinic, which had raised, the 2 Million US $ at a Rs. 100 Crore valuation last year, has grown from 1 to 14 centers over the last six years. The company turnover is also a reflection of the top-quality service that Assure Clinic offers. From a turnover of Rs. 1 crore in 2016, the company registered a turnover of Rs 25 crore last year. In the preceding quarter this year, Assure Clinic reported an average turnover of Rs 36 crore. Starting from 1000 clients, the team at Assure now caters to 30,000 plus satisfied customers.

Besides consolidating its expansion plans, Assure Clinic will also launch specialised products in India along with a mobile App that will offer a higher reach to clients interested in availing their hair restoration and skin services.

“Assure Clinic has been successful in offering advanced solutions using ultra-density hair transplants and Micro FUE to our clients. Our business of six years is backed by successful case studies of hair restoration and offers all skin care services, lasers, and aesthetics under one roof. Having established ourselves in India, we believe that it is the right time to expand and take an Indian brand overseas. We begin with the GCC region, over the next few years plans are to spread out into a global network, just as Assure becomes synonymous with hair and skin care,” said Dr. Abhishek Pilani, MD Dermatologist, Founder- Assure Clinic.

Business

Bambu offers Wealth Management Predictive Planning Solution for Microsoft Cloud for Financial Services and Microsoft Dynamics 365 Sales

Sep 20, 2022 by Rekha Nair 0 Comments

India, 20 September 2022: Bambu, a global wealth technology provider, today announced the launch of their Wealth Management Predictive Planning solution for Microsoft Cloud for Financial Services and Microsoft Dynamics 365 Sales. The service will enable Relationship Managers (RMs), Financial Advisors, Agents and firms in the financial sector to identify and prioritize their clients’ needs through predictive analytics, empowering them to make informed financial decisions for the future.

To build and solidify trusted relationships between users and their clients while increasing sales productivity, Wealth Management for Microsoft Cloud for Financial Services – a one-of-a-kind Wealth Management predictive planning solution – along with its counterpart, Wealth Management for Dynamics 365 Sales, were designed with an innovative proactive approach in mind. The system will enable users to predict and analyze key life events along with the ability to suggest achievable financial goals and solutions for future financial planning.

Powered by A.I. and through the adoption of the Hidden Markov Model (HMM) and Generative Adversarial Network (GAN) Machine Learning models, both solutions will be able to generate thousands of timelines of future events and outlines based on demographic profiles and the four major aspects of life – marriage, family, career, and financial situation.

On the launch of Bambu’s Microsoft AppSource offers, Aki Ranin, Co-founder and COO of Bambu, said, “It is vital for us to move the game from reactionary, aspirational planning to proactive, realistic, and predictive planning. We hope to revolutionize and be at the forefront of the playing field to make it much easier for financial planning to be a priority.”

“Bambu wants to be the leader in the B2B wealth tech space. This relationship means a lot to us, not only from a brand perspective but also from a product scale standpoint. The opportunity to co-sell with Microsoft will help us progress toward our goal to be a leader in the B2B wealth technology space,” added Ajay Kamath, Commercial Director, at Bambu.

“We welcome Bambu to Microsoft’s Business Application ecosystem and its Wealth Management offering integrated with Microsoft Cloud for Financial Services and Microsoft Dynamics 365 Sales,” says Toby Bowers, General Manager, Industry, Applications & Data Marketing at Microsoft. “By making it easier for relationship managers, financial advisors and agents to access their data in one place, we are significantly reducing roadblocks that lead to friction and reduced ROI.”

Bambu’s Wealth Management for Microsoft Cloud for Financial Services and Wealth Management for Dynamics 365 Sales is now available on Microsoft AppSource. For more information, visit Bambu’s Microsoft Predictive Planning page.

News

Let’s Cherish Our Daughters.

Sep 20, 2022 by Rekha Nair 0 Comments

By Dr Birbal Jha

New Delhi, September 2022: An English proverb goes like this “a daughter is a daughter all of her life.” However, about a son, it is said that a son is a son until he takes a wife.

This holds true in the sense that even though when a daughter has a family of her own post-marriage, she actively remains involved with the family she grew up with. On the contrary, a son begins to shift his full attention to the spouse he marries.

Etymologically, the word daughter originates from the Sanskrit root ‘dohita’ meaning one who thinks of wellbeing and in the interest of both. In Hindi, we call her ‘Beti’.

Remarkably, dohita is the name of Laxmi, the Goddess of wealth in Hindu scriptures. Hence, a daughter is said to be Laxmi incarnate. And she deserves such idolizing and adulation.

A daughter brings wealth, prosperity, and extra happiness to the family she is born into. However, for the illiterate and educated, a daughter is alien and a burden in a certain phase of life, maybe because of matrimonial practice and the illegal dowry system.

A beautiful creation of God is a daughter, a female child, who plays the role of both genders as the term woman is made of man + womb. Hence, the man having a womb is a woman, an evolution of a girl baby.

The message must go loud and clear that a daughter plays the role of both a son and daughter herself as opposed to a son. A daughter can do what a son can’t. She is so blessed by the almighty God.

The notion that a daughter is somewhere superior to her male counterpart is well-grounded. It is worth appreciating her for her sacrifices, tolerance, and endurance. She is nowhere lagging behind in today’s era when it comes to proving her mettle. She aces the test of life.

Let’s value the worth of a daughter who brings cheers to all parents in this cosmic world where the next generation absent her is next to impossible.

Let’s go all out to celebrate their birth, respect girl babies, cherish them, educate them, love them, and ensure their well-being with the emotion that they are so unique to this world. Up with Laxmi! Up with a daughter! Let there be no discrimination. Let’s not be gender-biased.

Let me cite a Sanskrit Maxim here: “यत्र नार्यस्तु पूज्यन्ते रमन्ते तत्र देवताः। यत्रैतास्तु न पूज्यन्ते सर्वास्तत्राफलाः क्रियाः ।।“. It means the place where women are respected and revered, God exits there. And where there is no respect for a woman, the effort for any work goes fruitless with disappearance of God.

The writer of this piece is Dr Birbal Jha, a noted author and the Managing Director of Lingua Multiservices Pvt Ltd having a popular trademark ‘British Lingua’. He is accredited with having created a revolution in English training In India with the slogan ‘English for all’.

Education

BITS Pilani collaborates with Coursera to launch first online B.Sc in Computer Science from top ranked engineering institute in India

Sep 20, 2022 by Rabindra 0 Comments

Mumbai(S.N): Birla Institute of Technology & Science (BITS), Pilani, an Institute of Eminence and a globally acclaimed Indian institute in science, engineering, and management domains, has collaborated with Coursera, one of the world’s leading online learning platforms, to launch an online Bachelor of Science (B.Sc) degree in Computer Science.

Designed to serve Indian and global audiences, BITS Pilani. Sc degree will expand access to high-quality computer science education. The programme’s job-relevant curriculum, designed with inputs from various industry partners, will empower learners to develop advanced skills in software development, data analysis, and core systems, alongside leadership and soft skills.

With 28 million new technology jobs projected to emerge in India by 2025, there is a growing need for technical talent. A recent Nasscom-Zinnovreport estimates a shortfall of 14 to 19 lakh technology professionals in India by 2026. To address this, BITS Pilani. Sc degree prepares graduates to enter the job market ready for various, in-demand entry-level job roles, such as application and system software developer, computer programmer, and data analyst.

“We are honoured to partner with BITS Pilani as it reimagines a B.Sc degree for a digital future,” said Betty Vandenbosch, Chief Content Officer at Coursera. “Through our partnership, we are opening up access to this premiere institute at an unprecedented scale — enabling more students to earn this highly sought-after computer science degree in a flexible, affordable way.”

“Our collaboration with Coursera gives us the platform to help ensure that our aspirational degree programmes are readily accessible to a large and diverse audience, irrespective of locational or other constraints,” said Prof. G Sundar, Director, Off Campus Programmes and Industry Engagement, BITS Pilani. “This collaboration will enable BITS Pilani to help address the need for equitable growth of the pool of technology talent across the country and the globe.  This also empowers learners with knowledge and skills, which are highly valued by the IT industry, and serves to provide Indian institutions as major providers of high-quality education, internationally as well.”

Eligibility that enables many

The degree requires no entrance exam and is open to students from diverse profiles, including those without a science or significant mathematics background. Anyone with class 12 or its equivalent qualifications can apply.

Accessibility to pursue education from anywhere

The 100% online programme can be accessed from anywhere in the world. By leveraging virtual and cloud labs, learners will apply their skills using simulations and real-world environments.

Flexibility to pursue the programme while working or along with pursuing any other degree programme

To maximize flexibility, students can take up to six years to complete this three-year degree. This will enable flexibility for learners to pursue the programme while working or along with pursuing any other degree programme. The programme also features an intermediate exit option of a diploma, which students can earn in about two years.

Student support system and access to BITS Pilani’s alumni network

The degree prioritises building a digital network, using Zoom and Slack. Students will connect with peers around the globe in digital study groups and group projects. There will also be periodic live sessions so that students can connect with BITS Pilani’s faculty and peers in real time. When needed, learners will be able to access career services, including CV reviews and job-interview preparations.

Upon graduation, students will gain access to the institute’s illustrious alumni network — a community that has spawned 900+ startups and 13 unicorns, including Zeta, MPL, Swiggy, BigBasket, and Groww.

Online applications open today, Sep 12, 2022

Students can apply to start today, Sep 12, 2022, for the first cohort that begins in November 2022. The last date to apply is Nov 15, 2022. For details of the programme and to start the application, please visit https://www.coursera.org/degrees/bachelor-of-science-computer-science-bits.

Business

GJC All Set To Organize Diwali Edition Of India Gem & Jewellery Show (GJS) From 22nd To 25th September

Sep 20, 2022 by Rabindra 0 Comments

20th September 2022, Mumbai: After successfully organizing the 1st edition of the India Gem & Jewellery Show (GJS) in April this year, All India Gem and Jewellery Domestic Council (GJC), the apex industry body representing the jewelry sector in India is all set to organize the Diwali Edition (2nd edition) of mega B2B expo from 22nd To 25th September at Bombay Exhibition Center (NESCO), Mumbai.

Spanning over an area of 2,00000+ sq. ft. area, the show has more than 400 exhibitors. As part of the promotion of the show, GJC has conducted over 100 road shows across India and international markets like the UK, Dubai, Bangladesh, etc. The event is expected to witness more than 15000 buyers, domestic as well as international buyers. The show will also witness educational seminars along with trend talks by prominent leaders from the industry.

Shri Ashish Pethe, Chairman, GJC said, “We have strategically planned this show before the festive season of Diwali/Dussehra. It will be beneficial for both exhibitors and visitors as the whole industry will be preparing for the upcoming demand. In this edition, we look forward to welcoming buyers from all over the world. We have done rigorous promotion over the last few months and we have received good responses from the buyers.”

Mr. Saiyam Mehra, Vice Chairman of GJC and Convener of GJS, said, “Excitement and the preparations are on sound for the Diwali edition of Humara Apna Show.  With more than 400 exhibitors and 800 booths ready with the comprehensive stocks to fulfill the demands of the upcoming festive season and with 9000 registered visitors this show seems successful already” he also added “Diwali is a time when we see sales of jewelry at the peak, and with an effort to capitalize on the opportunity, we have come up with GJS Diwali edition. I am sure exhibitors at GJS would be showcasing some interesting and innovative jewelry, specially made for this festive season…”

GJS will comprise the top-of-the-line manufacturers/wholesalers of Gems & Jewellery as well as dealers from all over the industry. GJS will assemble the best retailers, wholesalers, manufacturers, traders, and delegates from across India. GJS endeavors to be the ultimate sourcing platform for doing business and a must-attend for every jeweler interested in the Indian market.

Mr. Nilesh Shobhawat (Co-Convenor GJS) says “After months of preparations, we are all set to present the Diwali edition of GJS at Bombay Exhibition Centre (NESCO), Mumbai. Our focus has been to give the industry a memorable experience and we are confident we will deliver”

Health

This World Heart Day, embrace a healthy heart with Almonds

Sep 20, 2022 by Rabindra 0 Comments

Pune(S.N): Every year, 29th September is commemorated as World Heart Day to raise awareness about cardiovascular disease (CVD) and negate its impact across the world. CVD is a powerful killer and the leading cause of death globally. [1] The burden of the disease is rapidly increasing, and experts foresee that India will record the highest number of cardiac deaths by 2030[2]. With the commitment to tackle the foreseeable health crisis, the theme of World Heart Day this year is ‘Use Heart for Every Heart’. The theme reflects the urgency and opportunity to stop and rethink how beating cardiovascular disease is something that matters to every beating heart.

The pandemic has given us time to look back and contemplate our choices and lifestyle. As it is famously believed ‘you are what you eat, thus instilling the integral role food plays to be healthy and fit. A study published in the Journal of the American Heart Association found that a daily snack of 42 grams of almonds, consumed as part of an overall healthy diet, reduced risks related to heart diseases. [3]In addition, snacking on almonds also reduces belly fat and waist circumference, all well-established heart disease risk factors.[4] Thus, one must embrace a mindful and healthy diet, which includes a handful of nuts like almonds as they are a source of a variety of nutrients and make for a heart-healthy snack.

Speaking about the importance of leading a heart-healthy lifestyle, leading Bollywood actress, Soha Ali Khan, said, “I have always been a firm believer that making minute yet healthy changes to one’s lifestyle today contributes to a better tomorrow. Prioritizing health over everything is a lesson we have learned over the last two years, and my family and I swear by it. With CVD on the rise, adopting a healthier and more active way of life is intrinsic. Include heart-healthy foods, especially handful of nuts like almonds in your daily diet as they are a source of nutrients such as vitamin E, magnesium, protein, riboflavin, zinc, etc.”

Reiterating the need to include heart-healthy foods in the diet, Ritika Samaddar, Regional Head-Dietetics, Max Healthcare – Delhi said, “Knowing what one should consume is extremely important. Some foods might be more harmful than we think. There are certain foods that are attributed to increased health risks. Identifying and replacing them with healthier alternatives might be tough but is intrinsic to leading a healthy life. One can fine-tune one’s diet and include heart-healthy foods including nuts like almonds, green leafy vegetables, whole grains, and berries. Regular consumption of almonds may reduce harmful LDL cholesterol levels and help maintain protective HDL cholesterol. Almonds are heart healthy and must be consumed daily.”[5]

Nutritionist, Neha Ranglani mentioned, “While the pandemic-induced lockdowns did urge us to reflect on our lifestyle choices, the home isolation wasn’t easy on any of us. Binge-watching was accompanied by binge eating and a more sedentary lifestyle. This has made it imperative to take stock of our lifestyle and make necessary changes to manage our heart’s health. Heart-healthy foods are low in saturated fat, added sugars, and sodium. Foods like Almonds may lower total and LDL cholesterol when included in a healthy diet and reduce levels of heart-damaging inflammation. So, don’t stop binge-watching but snack on almonds instead of consuming unwholesome snacks. It can make a healthy difference to our lives.”

Adding on the role fitness plays in maintaining heart health, Fitness and Celebrity instructor, Yasmin Karachiwala said, “Regular exercise and an active lifestyle is a way to a healthy heart. Exercise is the best way to release endorphins and dopamine, thereby reducing stress and anxiety. Consult a professional to understand the format of workout of exercise that works for your body and be sure to take out at least 30 minutes. Stay committed to an active lifestyle and include healthy and energy boosting snacks like almonds which have great nutritional properties and also promote a feeling of satiation”

Nutrition and Wellness Consultant, Sheela Krishnaswamy mentioned, “There’s a rise in CVD cases amongst youngsters. CVD risk factors such as abdominal obesity, hypertension, and diabetes are higher amongst Indians, even at younger ages than among other ethnic groups (8) There is a strong need to address this and adapt to a healthier way of living. While staying active and working out is required, changing dietary habits is needed to stay healthy intrinsic. It is important to know what you are eating and its impact on the body. Replace foods that are high in cholesterol, sodium, fat, and sugar, with heart-healthy options. Including almonds as part of a healthy diet may help in lowering risk factors for CVD among Indians by keeping in control dyslipidemia, a condition marked by high LDL-cholesterol and triglyceride levels and low HDL Cholesterol levels.” [6]

Business

Zopper raises USD 75 Million in Series C Funding Round, Led by Creaegis, ICICI Venture and Bessemer Venture Partners

Sep 20, 2022 by Rekha Nair 0 Comments

Bangalore, September 20, 2022: Zopper, one of the leading insurtech startups, today announced that it has raised $75 million in Series C funding, led by Creaegis with participation from ICICI Venture* and Bessemer Venture Partners. Existing investor, Blume Ventures also participated in the round. Tiger Global, currently invested in the company, will continue to extend its support for future growth. The investment in Zopper, is one of the largest funding rounds in the insurtech space in Asia till date.

The fresh capital will allow Zopper to further bolster its SaaS platform and data analytics capabilities, build a next generation data engineering team, fuel business development initiatives, undertake inorganic growth and explore opportunities in the international market. The company aims to achieve an annualized Gross Written Premium (GWP) of USD 500 million by March 2024.

Zopper, established in 2011, is India’s largest embedded insurtech platform that aims to revolutionize insurance distribution via its SaaS platform, deep integration layer and data analytics capabilities. With 150+ partners and presence in over 1200+ cities, Zopper helps B2B and B2C organizations to offer various insurance products and provides end-to-end technology and service offerings to insurers.

Commenting on the announcement, Mr. Surjendu Kuila, Co-Founder and CEO, Zopper said, “Our deep understanding of Technology, Data and Insurance Products have given rise to the next generation SaaS enabled distribution platform. The Insurance industry is yet to witness usage of such tech-enabled products. Through this platform, Zopper is bringing the partners and insurers together and spearheading a profound transformation in the realm of insurance distribution. We have exponentially grown in the last 4-years, and will continue to grow at a significant pace in the years to come”

“Zopper has the advantage of experience, scale, and efficiency. We partner with our distribution channels throughout the entire lifecycle of their insurance strategy – right from Product Solutioning and API-driven SaaS integrations to Sales Enablement and Claims Management. Our investors share a common vision, which is to build businesses on solid fundamentals, which aligns with the way we have built the company so far. This funding will support the company to fortify its position as a leader in the insurtech industry.” added Mr. Mayank Gupta, Co-Founder and COO, Zopper.

Commenting on funding, Mr. Prakash Parthasarathy, Managing Partner, Creaegis, said “We truly believe in Zopper’s vision of transforming and automating the insurance distribution model in India. Over the years, they have demonstrated their tech and product innovation value to their ecosystem partners and insurers. All this has been achieved in a very capital efficient manner and our investment will help its accomplished management team led by Surjendu and Mayank to scale and improve access to a wider customer base. We are privileged to be their partner and we are committed to support their journey given our experience in this space.”

Mr. Gagandeep S Chhina, Director – Private Equity, ICICI Venture said “We believe that technology will play an important role in improving distribution efficiency and increasing penetration of insurance and assurance products. Given ICICI Venture’s successful investment track record in the Insurance sector, we think Zopper is well positioned to capture this long-term growth opportunity. We are excited to support the management team’s vision to establish Zopper as a leading Insurtech player with its scalable technology, multiple insurer tie-ups and partnerships with distribution channels across sectors”

Mr. Vishal Gupta, Partner, Bessemer Venture Partners, said “We are excited to back Surjendu and Mayank, in what we think will become the default API-led, SaaS distribution infrastructure platform for insurance companies to cross-sell relevant insurance products at the point-of-sale to the captive consumer base of the large and medium companies both online and offline. We have known this team for a decade and have been really impressed by their tenacity and what they have achieved in a relative short period over the last two years”

Haitong Securities was the investment banker for the transaction.