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.
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.
Viewable by subscribers only
Online Retail insurance buyers
PNB Metlife, Aegon Life, Exide Life, Cigna, Future Generali, Bajaj Allianz Life, Indiafirst Life Insurance, Max Life Perfect, etc.
Since they have integrated more than 30 insurers, the customer can compare quotes from multiple insurers and select the product which suits his needs
In 2015-16, sales at Policybazaar grew 30% to Rs109 crore while losses widened 72% to Rs110 crore.
DATE OF LAST FUNDING:
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:
SEED CLOSED ON:
SEED PRIOR FUNDING COMMENT:
The company raised $4.247 million of seed funding from Info Edge in September 2008.
$4.6 Millions Closed: Feb 2013
$5 Millions Closed: Apr 2013
$20 Millions Closed: May 2014
$40 Millions Closed: Apr 2015
$77 Millions Closed: Oct 2017
$200 Millions Closed: Apr 2018
$150 Million Closed: Nov 2019
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.