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PolicyBazaar raises $75 Mn led by Falcon Edge for the UAE and Middle East biz

Shortpedia

Content Team
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Online insurance aggregator PolicyBazaar has raised $75 million in a round led by Falcon Edge Capital. The primary capital infusion for the IPO bound company has materialised after 18 months. The Gurugram-based company had raised its last round from Tencent in 2019. PolicyBazaar is targeting a $3.5 billion worth of public listing by this year. It would be the second-largest bet by Info Edge that will go IPO in 2021.