Indian Unicorns 2022: Digit Insurance Becomes Third Largest Fintech Player in India

According to a report published last year, India’s non-life insurance premium market grew 20% last July to $2.1 billion driven by a strong performance from the health and motor segments. According to S&P Global Market Intelligence data, India is the second-largest insurance technology market in Asia-Pacific, accounting for 35% of the $3.66 billion InsurTech-focused venture investments made in the country. Digit Insurance is among the leading InsurTech players in the country.

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Indian Unicorns 2022: Upstox Becomes the Second Largest Online Stock Brokerage in India

Like with the US, India’s stock market had a bumper year in 2021. Interest rates in the country kept depleting, but the markets were surging. 14.2 million new stock Demat accounts were opened in FY21 in India and they grew 26% to 51.5 million accounts. Most new investors are attracted by the record-high stock index levels and the continued ease in opening a Demat account in the country. Upstox is among the latest unicorns to benefit from this growth.

Indian Unicorns 2022: slice Focuses on Expanding Credit Card Services in India

According to a recent PwC report, India is one of the fastest-growing economies in the world, but there exists a significant gap in accessing formal credit, especially when compared to other developed nations. Banks and financial institutions are helping fill this gap by introducing new payment products and instruments that make it easier for users to access formal credit. Recently, these institutions have shifted their focus towards instruments like credit cards. Credit card issuance has grown in the country by 20% annually over the last four years. The number of credit cardholders increased from 29 million in March 2017 to 62 million in March 2021. New FinTech players are also disrupting the market by introducing new and innovative products and offerings to consumers. slice is one such new fintech player focusing on India’s youth.

Indian Unicorns 2022: Pristyn Targets $5B Indian Health Tech Market

The Indian tech market has seen a spate of unicorns recently. Gurugram, Haryana-based Pristyn Care is a healthcare-focused startup that recently joined the Unicorn club. The company focuses on providing improved healthcare services in Indian cities.

IPOs 2021: ZipRecruiter Leverages AI to Deliver Ideal Employee Match

The global online recruitment market is expected to grow at 7% CAGR from $29.3 billion in 2021 to $47.3 billion by 2028. Santa Monica-based ZipRecruiter (NYSE:ZIP) went public earlier this year, and continues to deal with the uncertainties of the pandemic world.

IPOs 2021: Analysis of ThoughtWorks’ Acquisitions

The US-based IT consulting market is estimated to grow 2% to reach $525 billion in 2021. Despite the tumultuous market conditions, ThoughtWorks (Nasdaq: TWKS) recently had a stellar IPO performance. The IT consulting firm has been expanding its market presence through acquisitions and partnerships.

IPOs 2021: Recently Listed ForgeRock Banks on its SaaS Architecture

The global identity and access management market is projected to grow at 15% CAGR from $12.15 billion in 2019 to $31.9 billion by the year 2026. San Francisco-based ForgeRock (NYSE: FORG), a key player in the industry, recently went public and its stock seems to be having a strong run.

IPOs 2021: Braze Expands Partnerships for its App Ecosystem

The Customer Engagement Solutions market was estimated to grow at 10% CAGR from $12.56 billion in 2021 to $21.95 billion driven by the increasing adoption of AI and machine learning, rapid deployment of IoT and connected infrastructure solutions. New York-based Braze (NASDAQ: BRZE), a leading player in this market, went public last month.

Cloud Stocks: C3.ai Expands Enterprise and Public Sector Presence

The global Artificial Intelligence (AI) market is expected to grow at 40% CAGR from $62.35 billion in 2020 through to 2028. Tom Siebel’s C3.ai (NYSE: AI) Is making big inroads in this market through partnerships and product innovation.

Cloud Stocks: Smartsheet Focuses on PaaS Growth

According to a recent report by Verified Market Research, the global enterprise collaboration market size is projected to grow at 9% CAGR from $29.45 billion in 2020 to $53.3 billion by 2028. Smartsheet (Nasdaq: SMAR) recently announced its third-quarter results that continued to outpace market expectations.