• FOUNDING YEAR: 2008
    LOCATION:
    India
    REGION:
    HR
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Comparison portal for life insurance & general insurance products. Provides a comparison between all the insurers along with product reviews which helps the customers to take a decision.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Online Retail insurance buyers
EXISTING PARTNERSHIPS:
PNB Metlife, Aegon Life, Exide Life, Cigna, Future Generali, Bajaj Allianz Life, Indiafirst Life Insurance, Max Life Perfect, etc.
COMMENT
Since they have integrated more than 30 insurers, the customer can compare quotes from multiple insurers and select the product which suits his needs

PEOPLE

FOUNDERS:
Yashish Dahiya, Alok Bansal, Avaneesh Nirjar
Board Members and Advisors:
Parag Dhol
NUMBER OF EMPLOYEES:
201-500
INVESTORS:
ABG Capital, Info Edge, Info Edge India Ltd., Intel Capital, Inventus Capital Partners, PremjiInvest, Ribbit Capital, Steadview Capital, Tiger Global Management, True North and IDG Venture Partners, Wellington Management Group, SoftBank

TRACTION

ACTIVE USERS:
5.0000
COMMENT:
In 2015-16, sales at Policybazaar grew 30% to Rs109 crore while losses widened 72% to Rs110 crore.

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$392.74 Millions
DATE OF LAST FUNDING:
Jun 2018
TOTAL FUNDING COMMENT:
After the recent funding, the company's valuation has been increased to over $1 billion and it will use the funds to prepare itself for the upcoming IPO.
SEED & PRIOR FUNDING:
$4.25 Millions
SEED CLOSED ON:
Sep 2008
SEED PRIOR FUNDING COMMENT:
The company raised $4.247 million of seed funding from Info Edge in September 2008.
FUNDING SERIES:
SERIES A
$8.49 Millions Closed: Apr 2011
SERIES B
$5 Millions Closed: Apr 2013
SERIES C
$20 Millions Closed: May 2014
SERIES D
$40 Millions Closed: Apr 2015
SERIES E
$77 Millions Closed: Oct 2017
SERIES F
$238 Millions Closed: Jun 2018
COMMENTS
SERIES A : The company raised $8.493 million from Info Edge and Intel Capital in April 2011. SERIES B : The company raised $5 million of Series B funding from Intel Capital in April 2011. SERIES C : The company raised $20 million of Series C funding from Tiger Global & Ribbit Capital in May 2014. SERIES D : The company raised $40 million of Series D funding from PremJiInvest, Steadview, and ABG Capital in April 2015. SERIES E : The company raised $77 million of Series E funding from True North, IDG Venture Partners, Wellington Management Group, Temasek, Tiger Global Management and Premji Invest in October 2017. SERIES F : The company raised $238 million of Series F funding from SoftBank, Temasek and Info Edge in June 2018. SoftBank invested $150000000 in the round.
LISTED:
NO

LATEST RESEARCH