360 One

Dailyhunt parent VerSe’s valuation gets slashed 42% to $2.9B: investor note

Startups /

Indian tech and media startup VerSe, which operates popular news aggregator Dailyhunt, is worth about 42% below its last private valuation, according to estimates by its investor 360 One.  The wealth and asset manager disclosed in a June update to its investors that it values VerSe at $2.9 billion, according to an internal document reviewed […]

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360 One lifts its valuation of India’s National Stock Exchange to $29.9B

Venture /

360 One Asset, an investor in India’s National Stock Exchange (NSE), has increased its valuation for the stock exchange to $29.9 billion, significantly higher than the $18 billion to $19 billion price tag the firm was valued at in private transactions last year.  The wealth manager, which invested in NSE through its SOF8 fund, disclosed

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Investors chase wealthtech startups in India as affluent class grows

Fintech /

Investors are betting on Indian wealthtech startups as a growing middle class turns to diversify investments and startups challenge traditional financial advisors for high-net-worth clients. Premji Invest is in advanced stages of talks to lead a funding round of $30 million to $40 million in Dezerv, an app offering a suite of investment solutions to

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India’s 360 One acquires mutual fund app ET Money for $44M

Fintech /

360 One WAM, India’s largest wealth manager focused on ultra-high-net-worth individuals, has agreed to acquire popular Indian mutual fund investment app ET Money for about $44 million. 360 One disclosed (PDF) the deal in a stock exchange filing Wednesday evening.  ET Money boasts over 900,000 transacting clients and tracks assets under management of approximately $8.3

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