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…