India: Policybazaar raises $75m from existing, new investors at $500m valuation

Visual from the social media page of the company

Online financial services portal Policybazaar, run by EtechAces Marketing and Consulting Pvt. Ltd, has raised Rs500 crore, roughly $75 million, at a valuation of $500 million from new and existing investors, a top company official said.

At least three new investors including True North and IDG Venture Partners have come on board, chief executive Yashish Dahiya said.

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