PolicyBazaar

insurtechaggregators / policy management

FOUNDING YEAR: 2008
LOCATION: India
Last Update: 12/08/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Policybazaar is an online life insurance and general insurance comparison portal. They are specialized in making comparative analysis of the insurance products. The basis for the comparison is price, quality and key benefits.

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

Company earns revenue by collecting commission from insurance companies.

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

Traction

ACTIVE USERS:

5.0000

TRACTION COMMENT:

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

People

FOUNDERS

Alok Bansal

Yashish Dahiya

Manoj Sharma

Avaneesh Nirjar

Tarun Mathur

BOARD MEMBERS AND ADVISORS

Parag Dhol

NUMBER OF EMPLOYEES

1000+

INVESTORS:

ABG Capital

Info Edge

Info Edge India Ltd.

Intel Capital

Inventus Capital Partners

PremjiInvest

Ribbit Capital

SoftBank

Steadview Capital

Temasek Holdings

Tencent Holdings

Tiger Global Management

True North and IDG Venture Partners

Wellington Management Group

Momentum

FUNDED

YES

TOTAL FUNDING

$500.85 M

DATE OF LAST FUNDING

Nov 2019

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 M

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  · $4.6 M  · Mar 2013

SERIES B  · $5 M  · Apr 2013

SERIES C  · $20 M  · May 2014

SERIES D  · $40 M  · Apr 2015

SERIES E  · $77 M  · Oct 2017

SERIES F  · $200 M  · May 2018

SERIES G  · $150 M  · Nov 2019

LISTED

NO

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp