New Delhi, April 5 -- The past week has been excellent for Fintech and InsurTech startups. As a new financial year unfolds, we are a year after the pandemic led lockdown had shut down much business, run them into losses. The economic revival has looked difficult, yet the series of funding in the past week looks like a good sign for the Indian startup ecosystem as the financial year 2021-22 begins.

Key Deals


Policybazaar raised $75 million led by Falcon Edge Capital for expanding its UAE business. Falcon Edge also runs an Abu Dhabi government-sponsored fund called Alpha Wave Incubation. Policybazaar is expected to list at a valuation of about $4 billion later this year.

Five Star Finance

Five Star Finance has raised US$23...