India, Nov. 7 -- The Competition Commission of India (CCI) has approved the proposed merger of four entitiesowned by Girnar Group and RenewBuy into Artivatic Data Labs, an insurtech startup RenewBuy acquired in 2022.

As per a CCI order today (November 7), the entities to be merged with Artivatic are Girnar Finserv, Girnar Insurance Brokers, D2C Consulting Services, and RB Info Services. The approval marks a major step in Girnar's plan to consolidate its fast-expanding insurance and fintech operations under one unified structure.

Girnar Finserv and Girnar Insurance, both subsidiaries of Girnar Software Pvt Ltd (GSPL), handle marketing and insurance distribution. Girnar Insurance operates InsuranceDekho, a full-stack insurance platform th...