PolicyBazaar bags $152m funding, led by SoftBank

Date posted: Tuesday 7 May 2019

EtechAces Marketing and Consulting Pvt Ltd, the parent of PolicyBazaar and PaisaBazaar portals, has secured about $152 million (Rs 1,059.4 crore) in the first tranche of its Series F funding round, led by Japan’s SoftBank Vision Fund. The capital infusion also saw participation from InfoEdge via its subsidiary Diphda Internet Services, private equity firm True North, and Startup Holding. Gurugram-based Policybazaar offers online services to consumers to compare and purchase insurance policies.

(Dealstreet Asia)