InsuranceDekho, RenewBuy ink merger; Niyo to buy Capital India Finance's RemitX

▤ Summary

InsuranceDekho and RenewBuy announced a merger to create a larger pan-India insurance distribution platform under the InsuranceDekho brand. The unified company will keep the existing founders in place and focus on integrating technology, distribution, and insurer partnerships. In a separate deal, Niyo agreed to buy Capital India Finance’s RemitX forex and cross-border business for Rs 11.4 crore, subject to approvals. The acquisition will fold RemitX into Niyo’s Kanji Forex subsidiary and expand its cross-border offerings and branch reach. Capital India Finance plans to use the sale to sharpen its focus on core lending operations.

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