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Tag: Capri Global Capital

  • Capri Global Capital plans to develop insurance platform 

    Capri Global Capital plans to develop insurance platform 

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    Capri Global Capital Ltd (CGCL) plans to revolutionise delivery of insurance products and services with the use of data analytics, artificial intelligence, and blockchain in insurance solutions. The company has received a composite corporate agency licence from the Insurance Regulatory and Development Authority of India (IRDAI) in December 2023.

    It plans to automate claims processing and customer support services by reducing cost of operations.

    CGCL said in a press statement the platform will adopt a customer-friendly payment policy, including digital wallets, credit cards, net banking, and debit cards.

    The stock traded at ₹901.40 on the NSE, up by 10.85 per cent as of 9:16 am on Tuesday.

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  • Capri Global Holdings acquires 51% stake in CarLelo for ₹150 crore

    Capri Global Holdings acquires 51% stake in CarLelo for ₹150 crore

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    Capri Global Holdings Pvt Ltd (CGHL) has acquired 51 per cent stake in CarLelo, an online new car selling platform, for ₹150 crore.

    CGHL is the holding company of non-banking financial company, Capri Global Capital Ltd (CGCL).

    “This investment is a testament to our commitment to driving the growth of the online new car sales and financing market while empowering new-age techpreneurs to overcome existing market challenges,” said Rajesh Sharma, Managing Director and Founder, CGHL.

    Also read: SBI Funds Management gets RBI nod to raise upto 9.99% stake in HDFC Bank

    CGHL, in a statement, said with this fresh influx of capital, CarLelo will improve its presence, services, and technology, which will be utilised to acquire new customers.

    “CarLelo currently has 1,200 associatesacross 34 cities in India who regularly interact with customers, delivering them end-to-end services for all their new vehicle-related needs,” as per the statement.

    In addition, the company will also handhold 8,000 plus authorised dealerships in the country to enhance customers’ digital buying and selling experience.

    Further, CarLelo, with its innovation in online new car sales, intends to sell around 7,000 to 8,000 cars every month, CGHL said.

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