RattanIndia Enterprises Ltd. has formed an Advisory Board with a mix of distinguished industry experts and new age entrepreneurs. Advisory board will advise the management on i) Investment Strategy ii) Review of Investment Proposals iii) Monitoring performance of Investee companies and subsidiaries and iv) assist management with external relationships and any other specific tasks. Initial…
Online insurance aggregator, Policybazaar, has raised $75 million in a fresh funding round led by Falcon Edge Capital, a New York-based hedge fund. The fresh infusion is expected to back the fintech firm’s UAE business, people with knowledge of the development told TechCircle. In October 2020, Falcon Edge Capital had acquired a stake in Policybazaar…
ADQ, the Abu Dhabi-based investment firm, is set to invest $70 million in the parent of Policybazaar, according to the Mint report. The insurance aggregator has plans to go public this year, the report added. The investment will value Etechaces Marketing and Consulting Pvt. Ltd, the 13-year-old company that also runs Paisabazaar, at about $2…
Policybazaar, India’s prominent online life insurance and general insurance aggregator, has raised raised close to $150 million in funding from Chinese technology conglomerate Tencent Holdings Pvt. Ltd. The startup was founded by Yashish Dahiya, Alok Bansal and Avaneesh Nirjar in 2008. With this round, Policybazaar has been valued at a little more than $1.5 billion.…