SoftBank-backed Indian insurance platform

SoftBank-backed Indian insurance platform

Policybazaar has raised $75 million as the Indian online insurance platform looks to expand its presence in UAE and Middle East.

Sarbvir Singh, chief executive of Policybazaar, told TechCrunch that the startup had raised $75 million, but didn’t elaborate. Falcon Edge Capital led the new tranche of investment in the Indian startup, which has raised about $630 million to date, according to research firm Tracxn.

The 12-year-old startup, which counts SoftBank Group’s Vision Fund and Tiger Global among its investors, is among a handful of startups that is attempting to upend India’s insurance market, which is largely commanded by state and bank-backed insurers. Read more..

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