Gurugram-based online insurance startup PolicyBazaar has raised more than $200 Mn in a new investment round led by SoftBank Vision Fund. The Series F round of PolicyBazaar also saw the participation of its existing investor InfoEdge (Naukri.com).
Inc42 had earlier reported that the latest investment from SoftBank would enable PolicyBazaar to enter the celebrated Unicorn Club. Although, there isn’t any update on this matter by the company, according to reports, the round values the company at more than $1 Bn.
Founded in 2008 by IIT Delhi and IIM Ahmedabad alumni Yashish Dahiya, Alok Bansal and Avaneesh Nirjar, PolicyBazaar is an online platform allowing users to life insurance and general insurance. The startup also features products from all major insurance companies in Indi