European Digital insurtech startup Getsafe acquires Luko’s German portfolio, reaches 550,000 customers

October 9, 2023
Getsafe, a German-based digital insurtech startup, has acquired the German portfolio of Luko, a French insurtech startup that recently neared insolvency before agreeing to be acquired by British insurer Admiral Group in a transaction that didn’t include its German or Spanish operations. Getsafe is now present in four countries since its expansion into France. Luko’s own […]

Prosus-backed fast-fashion startup Virgio, valued at $161 million, shuts down

October 8, 2023
Fast-fashion startup Virgio, founded by former Myntra chief, is shutting down its operations less than a year after raising funds at a valuation of over $160 million, according to two investor sources familiar with the situation. “The fast fashion brand that you have come to love is no longer available,” Virgio says on its website. […]