Navi General Insurance is reeling under the weight of unstable leadership, excessive digital dependence and regulatory issues.
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
Limited time offer $125 $99 for 1 year
A crash in lending saw the fintech end the financial year in the red. But its payments business is going strong, and the worst may be over in the loans business.
A breakdown of the recent numbers suggests that the Policybazaar parent may face a slowdown in the years ahead.
The fund seems convinced that technology-led businesses in India are overvalued and not good for making big exits. Instead, what is needed to return large sums of capital are investments in mature companies with a proven track record.