PolicyBazaar raises over $200 mn led by SoftBank Vision Fund to secure place in Unicorn club
As per the agreement, SoftBank will invest USD 45 million for a 49.99 per cent stake in Diphda while InfoEdge will invest a similar amount for the remaining stake. PolicyBazaar.Com has raised a total of USD 366 million through half a dozen funding rounds, excluding the seed funding round, the company spokesperson said.
PolicyBazaar.Com, which enables people to buy insurance online, hosts over 100 million visitors yearly and records sale of nearly 300,000 transactions a month. Image source: company website