GreenLife Insurance Broking Acquired by Raise Financial Services | Financial Services M&A Deal

Raise Financial Services has completed the acquisition of GreenLife Insurance Broking, a insurance brokerage business in India, for $15 million. Raise Financial Services acquires GreenLife Insurance Broking to expand its financial services M&A portfolio with an IRDAI-registered insurance broker and add-on acquisition platform. GreenLife Insurance Broking, founded in 2013 and based in Mumbai, operates as a B2B insurance distributor with partnerships across major private and public sector insurers and offline distribution across East and North-East India. Raise Financial Services acquisitions will integrate GreenLife as a wholly-owned subsidiary and invest $15 million to build a direct-to-consumer insurance distribution platform by end of 2026, combining product, technology, and customer experience.