PolicyBazaar raises INR 356.6 Cr from SoftBank


Content Team
Image Credit: Shortpedia

PolicyBazaar’s parent company EtechAces Marketing and Consulting has secured fresh funding from its existing investor, Japanese conglomerate SoftBank. The development comes days after reports surfaced that SoftBank Vision Fund may have picked up an additional stake for $130 Mn in PolicyBazaar’s parent at a $1.5 Bn valuation, in exchange for a 15% stake. PaisaBazaar had to reportedly lay off 1500 people earlier in June.