KFin will contribute to Artivatic with access to clientele, geographic expansion, thought leadership and technology and process frameworks. KFin Technologies, which is backed by American PE firm General Atlantic, has acquired 17% stake in insurtech startup Artivatic for an undisclosed sum. It has bought the “stake in Artivatic on a path to majority,” a release said. Artivatic will utilise the fund to broaden the product portfolio, explore new business horizons and expand footprint across India and other global markets with the help of KFin. The startup’s co-founder Layak Singh said through the partnership with KFin and General Atlantic, Artivatic will leverage domain expertise, network and financial support.

Source: The Hindu May 11, 2021 21:22 UTC