SoftBank may invest $200mn in PolicyBazaar at $1bn valuation
Japanese conglomerate SoftBank is close to investing $200 million in Indian online insurance aggregator PolicyBazaar, as per reports. PolicyBazaar might hit a valuation of $1 billion after the funding round, the reports further said. Founded in 2008, PolicyBazaar is backed by investors including Tiger Global Management, Inventus Capital Partners, and Wellington Management.