PolicyBazaar ensures $75m in funding

Mar 18, 2021 • Edison Fu

Falcon Edge Capital has led the latest round for the Info Edge, Intel, SoftBank and Tencent-backed online insurance marketplace operator.

PolicyBazaar, the online insurance listings arm of India-based marketing and consulting group ETechAces backed by corporate investors Info Edge, Intel, SoftBank and Tencent, has raised $75m, TradeArabia reported on Tuesday.

Hedge fund manager Falcon Edge Capital led the round, which lifted the company’s overall funding to $630m according to TechCrunch, citing financial data aggregator Tracxn.

Formed in 2008, PolicyBazaar is an online marketplace where users can compare and purchase insurance policies directly from providers. Its sister platform, PaisaBazaar, supplies banking…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

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