Intel Capital and Info Edge-backed online insurance and loans marketplace operator eTechAces has raised $77m in a round that valued it at $500m.
India-based price comparison platform operator eTechAces Marketing Consulting, which is backed by semiconductor producer Intel, has raised Rs 5bn ($77m) in funding, the Economic Times reported yesterday.
The round was co-led by asset manager Wellington Management, private equity firm True North and venture capital group IDG Ventures. Singaporean state-owned investment firm Temasek also participated in the round, as did investment firm Tiger Global Management and family office PremjiInvest.
ETechAces operates insurance policies aggregation platform PolicyBazaar and credit cards and loans marketplace…
