Online insurance portal Policybazaar.com has raised $5m in series B funding with involvement from return backers Info Edge and Intel Capital.
Info Edge, the largest consumer internet firm in India by market value, and Intel Capital, the corporate venturing unit of US-listed chip maker Intel, have reinvested in a R27 crore ($5m) series B round into India-based online financial services platform Policybazaar.com. There was also involvement from US-India venture firm Inventus Capital.
PolicyBazaar.com is run by India-based insurance services company ETechAces Marketing and Consulting.
Sudheer Kuppam, managing director at Intel Capital Asia Pacific, said: “With more and more people transacting on the Internet for their daily needs, we…
