PolicyBazaar signs up SoftBank for $238m round

Jun 26, 2018 • Robert Lavine

SoftBank invested $150m to lead PolicyBazaar and PaisaBazaar owner ETechAces' series F round, which included InfoEdge.

Telecommunications and internet group SoftBank has led a $238m series F round for India-based online insurance marketplace PolicyBazaar and its sister company, financial product comparison platform PaisaBazaar, the Economic Times reported today.

Classified listings operator Info Edge provided $45m of the funding through an undisclosed special purpose vehicle, increasing its stake in ETechAces, the owner of both platforms, from 9% to 13%. It is in talks to buy $32m of stock from another investor, PremjiInvest.

SoftBank invested $150m through its…

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