Type Private Headquarters Gurgaon, India CEO Yashish Dahiya (2008–) | Industry Finance Website policybazaar.com Founded 2008 | |
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Services Insurance comparison services Founders Yashish Dahiya, Alok Bansal Profiles | ||
Policybazaar is an Indian online life insurance and general insurance comparison portal.
Contents
Funding
Apart from Info Edge (India), Intel Capital, Tiger Global Management, Inventus Capital Partners and Ribbit Capital have invested in PolicyBazaar.com over multiple rounds of funding. PolicyBazaar raised Rs 119 crore (20 million dollars) in the Series C round of funding in mid 2014, has a post money valuation of approximately 100 million dollars. In March 2015, the company raised Rs 300-crore financing from PremjiInvest and Steadview Capital. In October 2015, Infoedge transferred its entire shareholding in Policybazaar.com to MakeSense Technologies for Rs 101.30 crore.
Present and future
The firm has 5 million registered users who search through 2-3 pages per visit on an average. Since July, Policybazaar.com has rolled out many campaigns on TV with Comedy Star Kapil Sharma and has also tried the radio route. PolicyBazaar has appointed Lowe Lintas as its advertising agency. The company is expected to post profits in 2014-15.