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Policybazaar CEO calls SoftBank capital misguided and mistake, Still raises more capital

Shortpedia

Content Team
Image Credit: shortpedia

Online insurance aggregator PolicyBazaar CEO Yashish Dahiya has said that its strategy to raise capital from investors like SoftBank was “misguided” and a “mistake” which led to losses. Dahiya said, “There wasn’t . . . rational thinking about it. We had a lot of capital, a lot of capital, and there was a lot of push from our investors.” This statement comes a few days after SoftBank pumped in an additional $130 Mn into PolicyBazaar’s parent