The corporate's Vision Fund is reportedly set to invest $150m in the insurance portal as part of the round, which could value it at $1bn.
Telecommunications and internet conglomerate SoftBank’s Vision Fund is set to lead a $200m funding round for India-based online insurance portal PolicyBazaar, Times of India reported today.
The round would feature a $150m investment by Vision Fund and is expected to value the company at $1bn, according to people close to the matter. Reports in January this year suggested SoftBank could invest at an $800m valuation.
Naukri, an online recruitment platform that is among PolicyBazaar’s investors, will likely provide a substantial…
