PolicyBazaar Eyes Middle East Market With $75 Mn Funding From Falcon Edge
India, March 18 -- Online insurance aggregator PolicyBazaar has raised an additional $75 Mn in a funding round led by Falcon Edge Capital to expand its presence in the United Arab Emirates (UAE) and the Middle East region. The company's CEO Sarbvir Singh confirmed the development without sharing further details about the round.
PolicyBazaar, which is managed by parent company PB Fintech (formerly Etechaces Marketing and Consulting Pvt. Ltd), has raised $690 Mn funding to date from marquee investors like Wellington Management, PremjiInvest, Tiger Global Management, Inventus Capital, Tencent Holdings and True North. The company had last raised $130 Mn from SoftBank at a valuation of $1.5 Bn.
The company is now preparing itself to list pub...
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