Policybazaar to raise Rs 6,500 Cr in IPO

What's the news ?

Online insurance marketplace Policybazaar is aiming to raise around Rs 6,500 Cr in its initial public offering (IPO), a few media reports said on Wednesday, citing RoC filings by the startup's parent company, PB Fintech. The IPO could come by November-December, and will value Policybazaar at $4 Bn to $5 Bn, reports said.

More to know

Policybazaar's investors include Softbank, Tencent, Azim Premji-owned PremjiInvest, Falcon Edge Capital, and Tiger Global, among several others. It has raised a total of $766.6 Mn in over 13 rounds, so far, according to data aggregator Crunchbase.

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