Info Edge's Makesense Technologies subsidiary is joining forces with one of its portfolio companies, PolicyBazaar owner PB Fintech, which is also backed by Intel, SoftBank and Tencent.

Makesense Technologies, a subsidiary of India-headquartered classified job portal operator Info Edge, has agreed to merge with PB Fintech, the India-based owner of insurance listings platform PolicyBazaar, CapitalMarket has reported.

The deal is pending approvals from local authorities including the National Company Law Tribunal and both companies’ stakeholders and creditors.

Formed in 2009, MakeSense focuses on artificial intelligence-equipped natural language processing technology for the human resources space.

PolicyBazaar, an online platform that helps users compare and buy policies from a…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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