Samara Capital incorporated and majority owned platform, Edme Services Private Limited “EDME” has concluded the acquisition of 100% shareholding in ABC - Aditya Birla Insurance Brokers (ABIBL). This acquisition marks a significant milestone in Edme’s journey to be recognized as a major player in the Indian insurance and reinsurance broking industry. The platform will be led by Sanjay Radhakrishnan. As part of the transaction, Samara also got on board co-investors Norwest Venture Partners and Creador who together own significant minority stake in the Company. EDME is an outcome of deep research done by Samara in the attractive, fast-growing yet underpenetrated insurance broking space in India. The growth in the underlying general insurance sector, combined with an increasing role played by brokers makes it an interesting asset light play in the insurance value chain. With a focus on innovation and a customer first approach, Edme has a vision to be the most well respected and customer oriented insurance broking platform in India. Manish Mehta, the co-CIO of Samara Capital, added, “We are thrilled to carry on further building on this wonderful platform created by the Aditya Birla Group and the great team at ABIBL. By investing behind our people and technology, we aspire to be insightful and valuable partners in the insurance ecosystem and serve to further increase the penetration of risk management solutions and products. We thank our valuable customers, underwriting partners and channel associates for their continued faith in us. We assure them that we will continue to serve their best interest with renewed vigour, better access through scale and technology and above all a humble yet steely resolve to make a difference.” Sumeet Narang Manish Mehta Nilay Pratik Snehal Singhania | Sanjay Radhakrishnan | Niren Shah Nikhil Kookada | Kabir Thakur Nilay Swadia https://lnkd.in/gQQMgSGz
Samara Capital
Venture Capital and Private Equity Principals
Mumbai, Maharashtra 14,294 followers
About us
Samara Capital is an Investment firm with a business owner mindset having differentiated investing and operating capabilities. Our Purpose is to become inspiring business leaders and best in class capital allocators. We pursue superior risk-adjusted returns with our mission to be the most trusted steward of our client’s capital. We derive strength from our culture with key leadership principles and values of Passion for Investing, Customer Obsession, Innovation, Frugality, Business Builder, Growing Talent, Grit, Collaboration and Integrity. We pride ourselves as one of the most stable and cohesive teams in the industry with a very strong desire and ability to consistently identify, attract and retain the very best of talent at all levels and across industries. We aim to democratize entrepreneurship across Samara Capital group of companies, by attracting, nurturing and rewarding owner mindset professionals having proven track records who are driven individuals with deep desire for accelerated leadership development for themselves and their teams.
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https://samaracapital.com/
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- Venture Capital and Private Equity Principals
- Company size
- 11-50 employees
- Headquarters
- Mumbai, Maharashtra
- Type
- Privately Held
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Level 18, Birla Aurora, Dr Annie Besant Rd, Century Bazaar
Prabhadevi
Mumbai, Maharashtra 400030, IN
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Eros Corporate Tower, 15th Floor
Nehru Place
New Delhi, New Delhi 110019, IN
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International Financial Services Limited
IFS Court, Twenty Eight, Cybercity
Ebene, Mauritius, MU
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