wordpress blog stats
Connect with us

Hi, what are you looking for?

Unilazer Ventures now has a majority 55% stake in Easypolicy

Existing investor Unilazer Ventures Pvt. Ltd. has increased its stake in insurance policy aggregator Easypolicy to 55%, reports The Economic Times. Following this, Unilazer Ventures has become the majority stakeholder. It’s not clear what the value of the current deal is.

This is the third round of funding in Easypolicy that Unilazer Ventures has participated in:

  • Back in January last year, Easypolicy had raised Rs 15 crore in a round of funding led by Unilazer Ventures, and had said that the funds would be used for building technology, adding products and hiring in marketing.
  • Towards the end of last year, in November, Unilazer Ventures and others invested upwards of Rs 50 crore in Easypolicy. The company intended to utilise the funds to set up a distribution system across tier-II and tier-III cities in the country, and introduce more products under two-wheeler insurance and customised small-ticket health insurance plans.

Currently, Easypolicy offers car, two-wheeler, health and travel insurance under general insurance schemes, and term and child insurance under life insurance schemes, along with investment and pension plans.

There has been a recent spurt in funding in online insurance companies in the first half of 2017:

– Earlier this month, OneAssist, a company which allows users to insure their mobile wallets, credit cards and smartphones against loss or theft, raised Rs 118 crore from existing investors Sequoia Capital and Lightspeed Venture Partners among others.

– Online insurance company Coverfox raised $15 million (about Rs 96 crore) from US-based insurer Transamerica, with participation from existing investors, also in June.

Advertisement. Scroll to continue reading.

– Last month, the digital general insurance company Acko General Insurance raised seed funding worth $30 million from Catamaran, Accel, SAIF Partners and others. Acko is founded by Coverfox co-founder Varun Dua, who has since moved on from the company.

– In February this year, Times Internet launched ETinsure, an online insurance aggregation platform, starting with car and two wheeler insurance from seven companies.

Also Read: Still no point in starting an Insurance Web Aggregator in India

Image source: Flickr user Pictures of Money under CC BY 2.0

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.


This article addresses the legal and practical ambiguities in understanding the complex crypto ecosystem in India.


It is widely argued that the PDP Bill report seeks to discard the intermediary status of social media platforms but that may not be...


Looking at the definition of health data, it is difficult to verify whether health IDs are covered by the Bill.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ