India: PolicyBazaar strengthens leadership team, appoints CTO and CPO

Yashish Dahiya, co-founder and CEO of Policybazaar. Photo: Mint

PolicyBazaar, an insurance comparison website run by EtechAces Marketing and Consulting Pvt. Ltd, has appointed Rahul Agarwal, former technology officer at Lava Mobile, as CTO. It has also hired Jayant Chauhan as chief product officer. Chauhan has previously had stints at Airtel, Zomato and Reliance.

Until now, Ashish Gupta, chief executive of PolicyBazaar’s new healthcare venture DocPrime, was serving as the technology and product officer of the Gurugram-based company.

Agarwal is expected to devise a new technology roadmap for the company and identify innovations in his new role, PolicyBazaar said in a statement. On the other hand, Chauhan will help build products to contribute to the company’s procurement capabilities.

“Both Rahul and Jayant have a stellar track record, spanning three decades in the field of technology, product development and strategic planning. This is the kind of combination we require to continue on our northward growth trajectory. They will complement each other’s roles at PolicyBazaar.com and lead the charge of identifying new product and tech innovation with continued consistency to serve our consumers better, which is the key ingredient of our success and catalyst to drive future growth,” said Yashish Dahiya, co-founder and CEO at PolicyBazaar.

“As I embark on this new journey, my vision is to create new technologies that will not only have the potential to add value to the company but also help our users make better and faster decisions while choosing the right insurance products,” Agarwal said.

PolicyBazaar entered the unicorn club after it raised $200 million in funding led by SoftBank’s Vision Fund last year. EtechAces, which runs PolicyBazaar and Paisabazaar.com, also counts Temasek, Tiger Global Management, True North and Premji Invest as existing investors.

Founded in 2008, the Gurugram-based Policybazaar offers online services to consumers to compare and purchase insurance policies. It currently accounts for nearly 25% of India’s life cover, and over 7% of India’s retail health insurance business.

The online insurance platform competes withBankBazaar (A&A Dukaan Financial Services Pvt. Ltd), new entrant Coverfox, Digit Insurance and start-up Acko.

The company has delayed its initial public offering plans after securing the fresh funding in June last year.

This article was first published on livemint.com

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.