PolicyBazaar
insurtech . aggregators / policy management
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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:
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
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