Sequoia Capital Funded Apnaloan.com Launches Insurance Portal
Sequoia Capital funded company Apnaloan.com is launching a portal - Apnainsurance.com. I think the launch is timely, perhaps a little late, as the financial year is coming to a close. This is the time when most insurance co’s sell policies, a means for individuals to save on income tax payment. I just checked, and Apnainsurance.com is live, and still being developed. Apnainsurance, like Apnaloan, will probably be used for lead generation. Apnaloan.com has also undergone a rebranding exercise, and claims it has assisted over 4,00,000 consumers in purchasing a loan product. Last month, there had been reports that Apnaloan was in talks with Chrys Capital to raise $15 million in funding. [via release]
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Mar 11, 2008 3:25 AM ET
Posted In: E-Commerce
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Comments (11)
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Jun 19, 2009 3:37 PM
This sure is a funny post… Apna Loan seems to be raising funding forever.. i mean why dont they just make money instead and manage a business. When will people realise that eventually a business has to make revenues > costs to make it worth while for anyone?