Avantha ERGO Life Insurance is a joint venture between Avantha Group and ERGO International, offering a wide range of flexible life insurance products. With its head office in Mumbai, the company primarily offers unit-linked and traditional insurance products. Leveraging ERGO's expertise in product development, multi-distribution approaches, and risk management, complemented by Avantha's strong Indian heritage, it aims to add lasting value for its stakeholders and investors. Avantha Group, with a revenue of Rs 25,000 crores (US$4bn), operates in diversified sectors including power transmission, paper & pulp, food processing, infrastructure, energy, IT and ITES, and glass containers, with a global footprint. Led by Gautam Thapar, it operates in 90 countries with more than 25,000 employees worldwide. ERGO, part of Munich Re, is one of the major insurance groups globally, concentrated in Europe and Asia. The life insurance joint venture broadens ERGO’s product portfolio in India. The last investment of $150.00M in a private equity round was made on 16 December 2013 by AION Capital Partners.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Private Equity Round | $150.00M | 1 | AION Capital Partners | 16 Dec 2013 |
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