Taxonomy

India

[CNBC] Most Indian gig workers faced hardship during the pandemic, expert says

Among the Indian gig workers surveyed, those that were able to receive some form of government aid were “far more likely” to be hopeful for the future compared to those who did not, says Tilman Ehrbeck, managing partner at Flourish Ventures. Watch:

The Digital Hustle: Gig Worker Financial Lives Under Pressure, India Spotlight 2020

RESEARCH The Digital Hustle: Gig Worker Financial Lives Under Pressure, India Spotlight 2020 With each study in our ongoing series The Digital Hustle: Gig Worker Financial Lives Under Pressure, we aim to better understand the economic impact of COVID-19 on gig workers, further helping fintech entrepreneurs serve the most vulnerable consumers...

[The Times of India] India offers exciting blueprint for other emerging markets

Originally posted on Times of India Omidyar Network, the family investment office of eBay founder Pierre Omidyar, spun off its financial inclusion investment arm, Flourish Ventures, last year with capital of about $300 million. Flourish focuses on consumer & SME lending, challenger banks, personal finance, insurtech, and some other areas....

[TechCircle] Tilman Ehrbeck on why India is a key market for Omidyar Network-backed Flourish Ventures

In an interview with TechCircle, Managing Partner Tilman Ehrbeck shares insights from our rapidly expanding portfolio in the Indian fintech market. Tilman explains in the interview how our investment team is using the Fair Finance Principles to inform strategy and improve the financial system for more and different users. Read...

[Livemint] Flourish Ventures may fund Indian firms in embedded finance, neo-banks this year

Managing Partner Tilman Ehrbeck sat down with Livemint to discuss our growing focus on fintech investments in India. In 2019, Flourish invested in two new start-ups (neobank Yelo and Shubhloans, a digital lending startup) in India and made follow-on investments in fintech startups ZestMoney, Indifi, Kaleidofin, and also in Toffee,...

[YourStory] Indian FinTech Kaleidofin raises 360 million rupees ($5.1 million) in Series A round

Kaleidofin Private Limited, India’s first neobank for the informal sector customer, has closed an INR 360 million Series A round. In discussing Flourish’s renewed support, investment director Anuradha Ramachandran stated, “We are excited to continue to support Kaleidofin on their journey to helping Indians build economic resiliency and achieve financial...

Portfolio

Digital Banking

[The Times of India] Toffee Insurance raises $5.5 million in Series A

Learn more about the new round of funding announced by our insurtech portfolio company Toffee. Using AI and machine learning, Toffee is helping people in India to build safety-nets and manage risk through bite-size insurance policies. The Times of India has more on our follow-on investment and plans ahead for...

Portfolio

Digital Banking

September 05, 2019

Why We Invested in Yelo (0.5 Bn FinHealth): Empowering Blue-Collar Workers in India

Why We Invested in Yelo (0.5 Bn FinHealth).

Announcement

Yelo raises funding to Launch Financial Services Catered to India's Next Half Billion

Mumbai/Bangalore, 3 September 2019— येLo (pronounced as “Yelo”) has announced seed round funding from Matrix Partners India, Omidyar Network India, and Flourish. Existing investor Better Capital also participated in the round. येLo is a digital only mobile-first neobank focused on serving mass market consumers with a custom-made suite of financial products...

News

[TechCrunch] India's Indifi raises $21M to expand its online lending platform

Indifi, a Gurgaon-based startup that offers loans to small and medium-sized businesses and also operates an online lending marketplace, has raised 1,450 million Indian rupees ($21 million) in a new financing round to expand its business in the country. The Series C round for the four-year-old startup was led by...