Indian insurance aggregator platform Policybazaar has been valued at $5bn after Tencent acquired a 10% interest – half of Tiger Global's stake – for $150m. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Policybazaar, which has racked up one million downloads on Google Play Store, enables people to compare and select insurance cover. It claims to have provided INR10tn ($13.9bn) of cover to date. The deal is the latest in a series of deals involving Chinese tech firms that are trying to expand their reach beyond China.
Indian insurance aggregator platform Policybazaar has been valued at $5bn after Tencent acquired a 10% interest – half of Tiger Global's stake – for $150m. Policybazaar, which has racked up one million downloads on Google Play Store, enables people to compare and select insurance cover. It claims to have provided INR10tn ($13.9bn) of cover to date. The deal is the latest in a series of deals involving Chinese tech firms that are trying to expand their reach beyond China.