News Regional08 May 2019

India:SoftBank leads in $152m funding round for online insurance marketplace

Policybazaar's parent company ETechAces has procured around $152m in the first tranche of its Series F funding led by Japan's SoftBank Vision Fund, reported DealStreetAsia citing the company's filings with the Registrar of Companies (RoC). The company received $68m from a wholly owned subsidiary of SoftBank Vision Fund SVF India Holdings (Cayman) along with investments from InfoEdge's subsidiary Diphda Internet Services, private equity firm True North and Startup Holding. It has not been revealed how the investment will be used.

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