Fintech startup PolicyBazaar recently announced changes in its top management. The online insurance aggregator has appointed former Venture Capital investor Sarbvir Singh as its new CEO. Company Co-Founder Yashish Dahiya will take up a broader group CEO role. It has also appointed Sharat Dhall as its new Chief Operating Officer.
Prior to joining PolicyBazaar, Singh was working as a Managing Partner at WaterBridge Ventures, an early-stage technology-focused VC firm. He will be directly reporting to Group CEO Dahiya.
Dhall, who previously worked with online travel operator Yatra in a similar role replaces Dhruv Sarin. Dhruv is currently leading the international expansion of the Softbank-backed company.
An IIT Delhi and IIM Ahmedabad alumni, Singh has previously had stints as the Finance Head of teleshopping and E-commerce portal HomeShop18, and as Managing Director of Capital18, the investment arm of Network18 group.
Dahiya, an Iron Man enthusiast, is also an IIT Delhi and IIM Ahmedabad alumni. He had previously worked at Bain & Co, Co-Founded Policy-Bazaar in 2008.
The recent appointments came into effect from December last year but no confirmation was provided by the company regarding them. In November last year, Chinese tech giant Tencent Holdings reportedly picked up a 10% stake in the company, after acquiring half of Tiger Global’s share for about $150mn at a valuation of $1.5bn.
Sandeep is a journalism and mass communication graduate with a keen interest in politics and business. He is a part of Research & Content team at HrNxt.com.