<article>PolicyBazaar and PaisaBazaar parent firm ETechAces Marketing and Consulting may raise $20 million from True North and IDG Ventures India even as storage startup PrimaryIO has received $5.6 million funding.</article>

PolicyBazaar and PaisaBazaar parent firm ETechAces Marketing and Consulting may raise $20 million from True North and IDG Ventures India even as storage startup PrimaryIO has received $5.6 million funding.
<h3 style="text-align: justify;">PolicyBazaar parent may raise $20m</h3>
<a href="https://www.dealstreetasia.com/?s=PolicyBazaar" target="_blank" rel="noopener">PolicyBazaar</a> and <a href="https://www.dealstreetasia.com/?s=PaisaBazaar" target="_blank" rel="noopener">PaisaBazaar</a> parent firm ETechAces Marketing and Consulting is in advanced talks with PE firm <a href="https://www.dealstreetasia.com/?s=True+North" target="_blank" rel="noopener">True North</a> and venture capital firm <a href="https://www.dealstreetasia.com/?s=IDG+Ventures+India" target="_blank" rel="noopener">IDG Ventures India</a> for raising $20 million.
Financial services marketplace PolicyBazaar is looking at more domestic investors to join this round to ensure it meets the 51 per cent domestic investment criteria under the Insurance Regulatory and Development Authority of India (Irda), according to an Economic Times article.
PolicyBazaar was earlier backed by investors like Tiger Global, Info Edge and PremjiInvest among others.
<h3 style="text-align: justify;">Storage Startup PrimaryIO gets $5.6m funding</h3>
Storage startup PrimaryIO has received $5.6 million seed funding from Accel Partners, Partech Ventures, and Exfinity Venture Partners.
PrimaryIO, a Silicon Valley-based developer of software technology for storage management for virtualized data centers, will use the money to accelerate product development efforts.
The company plans to help customers that are facing data center capacity, cost, and performance issues, enabling them to benefit from the public cloud solutions while retaining control and security of their data. The company has offices in Pune in India.
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ETechAces Marketing and Consulting may raise $20m from True North and IDG Ventures India even as storage startup PrimaryIO has received $5.6m funding.

India Dealbook: PolicyBazaar parent may raise $20m; PrimaryIO gets $5.6m

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India Dealbook: PolicyBazaar parent may raise $20m; PrimaryIO gets $5.6m

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