Policybazaar
 | |
| Private | |
| Industry | Finance |
| Founded | 2008 |
| Founder | Yashish Dahiya, Alok Bansal |
| Headquarters | Gurgaon, India |
| Services | Insurance comparison services |
| Website | policybazaar.com |
Policybazaar is an Indian online life insurance and general insurance comparison portal.[1][2]
Funding
Apart from Info Edge (India), Intel Capital, Tiger Global Management, Inventus Capital Partners and Ribbit Capital have invested in PolicyBazaar.com over multiple rounds of funding. PolicyBazaar raised Rs 119 crore (20 million dollars) in the Series C round of funding in mid 2014, has a post money valuation of approximately 100 million dollars.[3] In March 2015, the company raised Rs 300-crore financing from PremjiInvest and Steadview Capital.[4][5] In October 2015, Infoedge transferred its entire shareholding in Policybazaar.com to MakeSense Technologies for Rs 101.30 crore.[6]
Present and future
The company has a headcount of around 1500 people. It has 5 million registered users.The users search through 2-3 pages per visit on an average.[7] Since July, Policybazaar.com has rolled out many campaigns on TV with Comedy Star Kapil Sharma and has also tried the radio route. PolicyBazaar has appointed Lowe Lintas as its advertising agency.[8] The company is expected to post profits in 2014-15.[9]
References
- ↑ Dharmakumar, Rohin (13 September 2013). "IRDA Could Stifle Online Insurance Aggregators". Forbes India. Retrieved 14 October 2015.
- ↑ "PolicyBazaar". crunchbase.com.
- ↑ "Online insurance policy aggregator PolicyBazaar raises $20M more, valued around $100M - VCCircle". vccircle.com.
- ↑ Verma, Shrutika (25 December 2014). "PremjiInvest to fund Policybazaar.com". Livemint. Retrieved 14 October 2015.
- ↑ Sharma, Samidha (9 March 2015). "PolicyBazaar to raise Rs 300 crore at valuation of Rs 1,200 crore". Times of India. TNN. Retrieved 14 October 2015.
- ↑ Sarkar, Pooja (13 October 2015). "Infoedge allocates policybazaar shares to Temasek". Livemint. Retrieved 14 October 2015.
- ↑ http://www.vccircle.com/news/technology/2011/04/21/policybazaarcom-raises-rs-10cr-info-edge-raise-rs-30cr-more
- ↑ "Indian Television Dot Com - PolicyBazaar.com appoints Lowe Lintas as advertising agency". Indian Television Dot Com. 4 September 2014.
- ↑ Neha Pandey Deoras & M Saraswathy (29 April 2013). "From aggregation to distance marketing". business-standard.com.
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