Tencent, Info Edge and SoftBank-banked Policybazaar is aiming for $250m in a round set to precede a 2021 initial public offering expected to value it at $3.5bn.
Policybazaar, the online insurance portal operated by corporate-backed, India-based financial services aggregator ETechAces, is looking to raise $250m in funding at a $2bn valuation, Bloomberg reported yesterday.
The round would come ahead of a targeted $500m initial public offering in India envisioned for September 2021, at an anticipated $3.5bn valuation. Policybazaar confirmed it was in the process of selecting two to three lead underwriters for the proposed offering.
Policybazaar runs an online marketplace for life, health, car, travel and property…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
