Info Edge, Intel, SoftBank and Tencent are all in line for exits as PolicyBazaar files for an initial public offering in India.

PolicyBazaar, the online insurance listings arm of India-based marketing and consulting firm ETechAces backed by corporates Info Edge, Intel, SoftBank and Tencent, filed for an initial public offering on Saturday.

The offering will be sized at up to $809m, with $504m consisting of newly issued shares and the remainder coming from the sale of stock by existing investors. Telecoms group SoftBank is aiming to sell more than $250m worth of shares, while the founders will offload $52.7m.

Founded in…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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