• Startup Pulse
    CapGrid raises ₹50 crore in a pre-Series B round led by Hero Enterprise Venture Partners at a ₹430 crore valuation, including primary and secondary transactions. Qiroko raises ₹1.5 crore in a pre-seed round led by ISV Capital, with angel participation. Manastu Space raises ₹22 crore from Gandhi Securities, Thacker Legacy Trusts and angel investors in an ongoing round. BAAS Technologies raises ₹49.98 lakh from AIC-RNTU Foundation under the GENESIS Investment Component. Docterz raises ₹5 crore in funding from Vineeta Singh, Avnish Anand and around 20 doctors who use the platform. AceBlend raises $9.91 million in a Series A2 round led by 3one4 Capital, with Fireside Ventures participating. Jagruti Rehabilitation Centre raises ₹28 crore in a Series A round led by Alkemi Growth Capital. Carbelim raises ₹10 crore from the IIT Madras Unicorn Frontier Fund. Viridian Ingni Propulsion raises ₹1.47 crore in a pre-seed round led by Inflection Point Ventures. Venttup raises $3 million in a pre-Series A round led by Rainmatter and Unicorn India Ventures. CapGrid raises ₹50 crore in a pre-Series B round led by Hero Enterprise Venture Partners at a ₹430 crore valuation, including primary and secondary transactions. Qiroko raises ₹1.5 crore in a pre-seed round led by ISV Capital, with angel participation. Manastu Space raises ₹22 crore from Gandhi Securities, Thacker Legacy Trusts and angel investors in an ongoing round. BAAS Technologies raises ₹49.98 lakh from AIC-RNTU Foundation under the GENESIS Investment Component. Docterz raises ₹5 crore in funding from Vineeta Singh, Avnish Anand and around 20 doctors who use the platform. AceBlend raises $9.91 million in a Series A2 round led by 3one4 Capital, with Fireside Ventures participating. Jagruti Rehabilitation Centre raises ₹28 crore in a Series A round led by Alkemi Growth Capital. Carbelim raises ₹10 crore from the IIT Madras Unicorn Frontier Fund. Viridian Ingni Propulsion raises ₹1.47 crore in a pre-seed round led by Inflection Point Ventures. Venttup raises $3 million in a pre-Series A round led by Rainmatter and Unicorn India Ventures.
  • SBI General Insurance H1 FY26: Profit Soars to INR 422 Crore with Improved Loss Ratio

    SBI General Insurance H1 FY26

    Mumbai: SBI General Insurance H1 FY26 results reveal the company’s strong performance, achieving a 10.7% year-on-year growth in gross written premium (GWP) to ₹7,376 crore – outpacing the general insurance industry’s growth rate of 7.3%.

    During H1 FY26, the insurer recorded significant growth across major segments, including Health (up 41%), Personal Accident (up 48%), and Motor (up 17%).

    The company’s private market share increased by 38 basis points to 6.83%, driven by its expanding distribution footprint and enhanced digital ecosystem.

    Excluding the impact of the 1/n accounting adjustment, SBI General’s GWP rose 13.9% in H1 FY26, while its Ex-Crop business surged 24% – nearly three times the private insurance sector’s 8% growth.

    Also Read: Health Alpha: SBI General Health Insurance Product Offers Over 50 Customization Options

    SBI General Insurance H1 FY26: Financial Strength and Improved Profitability

    For SBI General Insurance H1 FY26, the insurer reported a profit after tax (PAT) of ₹422 crore, alongside an improved loss ratio of 79.6% compared to 86.1% in H1 FY25. The solvency ratio remained strong at 2.13 times, reinforcing the company’s solid financial health and prudent risk management.

    Commenting on the results, Naveen Chandra Jha, MD & CEO of SBI General Insurance, said, “In H1 FY26, we have grown 1.4 times faster than the industry and three times faster than private and standalone health insurers (ex-crop).

    Our focus on strengthening distribution, partnerships, and digital capabilities has enabled us to scale efficiently while keeping customers at the center of our strategy.”

    Jitendra Attra, CFO, SBI General Insurance, added, “Our H1 FY26 performance demonstrates the success of our diversified business model and strategic investments in technology and analytics.

    The improvement in our loss ratio and steady growth across all key segments underscore our commitment to sustainable and high-quality expansion.”

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

    Back to top