Vakrangee has been a distribution powerhouse since 1990, bridging the gap in rural and semi-urban areas with services ranging from banking to e-commerce to logistics. The company announced a strategic tie-up with Shriram Life Insurance to distribute life insurance products through its Vakrangee Kendra network, which spans underserved and unserved areas across the country. Investors clearly like the sound of this collaboration. With Vakrangee already positioned as a last-mile distribution giant, this insurance partnership could add significant value to its ecosystem. The stock surged over 5% in intraday trades on Monday, riding high on news of a fresh partnership with Shriram Life Insurance. It opened slightly up at ₹33.44, compared to its previous close of ₹33.17, and quickly shot to ₹34.98.