PolicyBazaar
insurtech . aggregators / policy management
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About
PolicyBazaar.com is India's prominent online life insurance and general insurance aggregator. We are specialized in making comparative analysis of the insurance products. The basis for the comparison is price, quality and key benefits. Based on user inputs, various options in the desired insurance product are showcased to him/her. To facilitate the user understanding of the products, there are special segments like knowledge.policybazaar and ask.policybazaar. Under these segments, customer queries are answered and information about new insurance products and trends are shared with the users. PolicyBazaar.com has built strong relationships with all prominent public and private insurance companies across India. Our partners are from life insurance, health insurance, car insurance, travel insurance, corporate insurance and loan sectors. We pride our self in the relationship we share with our partners. We utilize these partnerships to: Streamline our knowledge and business operations Show prices directly from the insurers. Compare the policies with complete details Provide the facility of buying insurance online
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
COMPANY TYPE:
For Profit
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:
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
11
TOTAL FUNDING
$550.85 M
DATE OF LAST FUNDING
Jul 2020
IPO STATUS
Private
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.
ESTIMETED REVENUE RANGE
$50M to $100M
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
SERIES H · $50 M · Jul 2020
SECONDARY MARKET · $80 M · ---
LISTED
NO
Web Traffic
MONTHLY VISITS
7,353,077
AVERAGE VISITS (6 MONTHS)
8,491,650.15
MONTHLY VISITS GROWTH
22.04%
VISIT DURATION
636
VISIT DURATION GROWTH
2.86%
PAGE VIEWS VISIT
7.47
PAGE VIEWS VISIT GROWTH
-1.23%
BOUNCE RATE
55.84%
BOUNCE RATE GROWTH
0.07%
GLOBAL TRAFFIC RANK
4,668
MONTHLY RANK CHANGE
-1,661
MONTHLY RANK GROWTH
-26.24%
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