Raise Financial Services on Wednesday said it has acquired GreenLife Insurance Broking Private Limited (GIBL). In separate developments, Nivasa Finance has raised nearly $2.6 million in a seed funding round, while SCIKIQ has raised $1.5 million.
Raise Financial acquires GreenLife Insurance
Raise Financial Services on Wednesday said it has acquired GreenLife Insurance Broking Private Limited (GIBL), an IRDA-registered insurance broker, in a cash-and-stock deal.
Financial details of the transaction were not disclosed.
The company said it plans to invest $15 million in GIBL to build a direct-to-consumer insurance distribution platform focused on product development, technology and customer experience.
Following the acquisition, GIBL’s 25-member team has joined the Raise ecosystem and will relocate operations to Mumbai.
The move marks Raise Financial Services’ entry into insurance distribution and expands its presence across the financial services sector.
Raise Financial Services operates platforms across the capital markets ecosystem, including stock trading platform Dhan, as well as Fuzz AI, Upsurge, Filter Coffee and Stratzy.
Nivasa Finance snags $2.6m funding
Nivasa Finance, a startup focused on expanding access to secured housing credit for underserved borrowers in non-metro regions of India, has raised nearly $2.6 million (Rs 25 crore) in a seed funding round from Prime Venture Partners, Blume Ventures, Whiteboard Capital and a group of angel investors.
The company said it plans to use the fresh capital to scale operations over the next 12 months.
Founded by Samit Shetty and Hitesh Saraf, Nivasa Finance supports borrowers through different stages of the loan process, including assessment, documentation, lender matching and disbursal. Nivasa works with more than 10 lending partners.
Since its launch in 2025, Nivasa said it has facilitated hundreds of loans worth more than Rs 20 crore through pilot operations in the Mysore and Mandya districts of Karnataka.
SCIKIQ raises $1.5m led by Triton Fund II
AI-native enterprise intelligence platform SCIKIQ has raised $1.5 million in a funding round led by Triton Fund II, it said in an announcement.
The company said the fresh capital will be used to support its international expansion plans, enhance its AI capabilities and scale its platform further.
Founded by Gaurav Shinh and co-founded by Rohit Kumar, SCIKIQ provides enterprises with a platform designed to convert fragmented data into business-ready intelligence.
