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SoftBank pumps in $130 Mn into PolicyBazaar at $1.5 Bn valuation

Megha Jain

Content Head

SoftBank Vision Fund may have picked up an additional stake for $130 Mn in PolicyBazaar’s parent company EtechAces Marketing and Consulting at a $1.5 Bn valuation, in exchange for a 15% stake. Reportedly, the investment will be a mix of pre-decided primary infusion of capital into the company at about $50 Mn and the purchase of shares worth $80 Mn. In 2018, SoftBank had led $200 Mn Series F round of PolicyBazaar.