NewKerala.com

CCI Approves Major Merger: How Artivatic Data Labs Unites Girnar's Empire

The Competition Commission of India has given its official approval for this major corporate merger. Four Girnar-affiliated companies will now combine into Artivatic Data Labs under a framework agreement. This creates a powerful insurance and financial services technology ecosystem. The merger brings together insurance distribution, consulting services, and digital platforms under one unified structure.

Key Points: CCI Approves Girnar Companies Merger into Artivatic Data Labs

  • Merger approved under framework agreement executed on May 12, 2025
  • Girnar Software controls multiple auto platforms including CarDekho and InsuranceDekho
  • D2C companies operate RenewBuy platform for insurance distribution
  • Artivatic provides API-based insurance underwriting and claim solutions
2 min read

CCI approves merger of Girnar Finserv, Girnar Insurance, D2C Consulting, RB Info Services into Artivatic Data Labs

Competition Commission approves merger of Girnar Finserv, Insurance, D2C Consulting, and RB Info Services into Artivatic Data Labs, creating insurance-tech powerhouse.

"The proposed combination envisages that Girnar Finserv, Girnar Insurance, D2C Consulting and RB Info will merge into and ultimately be housed in Artivatic - Press Information Bureau"

New Delhi, November 7

The Competition Commission of India (CCI) has approved the proposed merger of Girnar Finserv Private Limited, Girnar Insurance Brokers Private Limited, D2C Consulting Services Private Limited, and RB Info Services Private Limited into Artivatic Data Labs Private Limited.

According to a statement by the Press Information Bureau (PIB), the approval pertains to the merger framework agreement executed on May 12, 2025.

Girnar Finserv Private Limited (Girnar Finserv) is a private limited company controlled by Girnar Software Private Limited (GSPL) and offers marketing communication services in India.

Girnar Insurance Brokers Private Limited (Girnar Insurance), also controlled by GSPL, is involved in the distribution of various insurance products in India through its platform, InsuranceDekho. InsuranceDekho holds a composite broking license from the Insurance Regulatory and Development Authority of India (IRDAI).

Girnar Software Private Limited (GSPL) and its affiliates own and operate various platforms including CarDekho, BikeDekho, TractorDekho, TruckDekho, BicycleDekho, BusDekho, BatteryDekho, Rupyy, CarDekho Auctions, PowerDrift, ZigWheels, Revv, CollegeDekho, and Crack-Ed.

D2C Insurance Broking Private Limited (D2C Insurance) provides insurance brokerage services through online and offline channels and holds a license to act as a Direct Broker (Life & General Insurance) issued by IRDAI in accordance with IRDAI Broker Regulations.

D2C Consulting Services Private Limited (D2C Consulting) is engaged in marketing and management consulting services, while RB Info Services Private Limited (RB Info) operates in the sale of wellness products and acts as a direct selling agent for loans and credit cards.

D2C Consulting, D2C Insurance, and RB Info operate the RenewBuy platform, which simplifies insurance and financial products and makes them accessible to customers through digitally enabled advisors.

Artivatic Data Labs Private Limited (Artivatic) provides insurance-related IT services, including API-based and SaaS solutions for underwriting and claim assistance.

"The proposed combination envisages that Girnar Finserv, Girnar Insurance, D2C Consulting and RB Info will merge into and ultimately be housed in Artivatic, pursuant to the Merger Framework Agreement executed on 12th May 2025 (MFA) (Proposed Combination)," the statement said.

The detailed order of the Commission will follow.

- ANI

Share this article:

Reader Comments

R
Rohit P
As someone who uses InsuranceDekho, I hope this merger brings better services and more competitive pricing. The Indian insurance market needs more innovation and customer-friendly platforms.
S
Sarah B
While consolidation can bring efficiencies, I hope CCI ensures this doesn't reduce competition in the insurance tech space. We've seen how monopolies can affect consumer choice in other sectors.
A
Arjun K
Girnar group is building an impressive portfolio - from CarDekho to insurance to now this merger. Shows how Indian startups are maturing and creating comprehensive digital ecosystems. Make in India! 🇮🇳
V
Vikram M
The timing is interesting - 2025 merger approved now. Must be part of their long-term strategy. Hope this leads to better digital insurance penetration in tier 2-3 cities where awareness is still low.
M
Michael C
As an investor, this looks like smart consolidation. Artivatic's AI/tech capabilities combined with the distribution networks of InsuranceDekho and RenewBuy could create significant value. Good move for the Indian fintech landscape.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50