Amazon leads funding round for India digital insurance startup

Global e-commerce behemoth Amazon has led a US$12 million funding round for Acko, a digital insurance startup in India. Amazon led the financing in the round that included Ashish Dhawan, founder of private-equity firm ChrysCapital, and Catamaran Ventures, an existing Acko investor, according to TechCrunch. Catamaran Ventures is the personal investment arm of NR Narayana Murthy, who co-founded the Indian…

Reliance Cap sells Paytm stake for Rs 275 crore

paytm eustan Ventures

Reliance Capital has sold its nearly 1% stake in popular digital payments firm Paytm for Rs 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm. The financial services arm of Reliance Group had invested Rs 10 crore for this stake in Paytm. The deal gives a valuation of over $4 billion…