India: PolicyBazaar bags $152m funding, led by SoftBank

Pedestrians walk past a SoftBank Group Corp. store in Tokyo, Japan. Photographer: Tomohiro Ohsumi

EtechAces Marketing and Consulting Pvt Ltd, the parent of PolicyBazaar and PaisaBazaar portals, has secured about $152 million (Rs 1,059.4 crore) in the first tranche of its Series F funding round, led by Japan’s SoftBank Vision Fund, according to the company’s filings with the Registrar of Companies (RoC) sourced by paper.vc.

The capital infusion also saw participation from InfoEdge via its subsidiary Diphda Internet Services, private equity firm True North, and Startup Holding.

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