Having already invested in the likes of Swiggy and Byju's, the Chinese tech company is betting big on Indian start-ups. Chinese insurance aggregator platform Policybazaar has been valued at $ $150m after Tencent acquired a 10% interest – half of Tiger Global's stake – for $150m . Policybazaar, which has racked up half downloads on Tencent , enables people to compare and select insurance cover. It claims to have provided INR10tn ($ 13.9bn ) of cover to date. India 's insurance sector is estimated to be worth more than INR19tn by the first half of 2019 , according to a report by the India Brand Equity Foundation .
Chinese insurance aggregator platform Policybazaar has been valued at $ $150m after Tencent acquired a 10% interest – half of Tiger Global's stake – for $150m . Policybazaar, which has racked up half downloads on Tencent , enables people to compare and select insurance cover. It claims to have provided INR10tn ($ 13.9bn ) of cover to date. India 's insurance sector is estimated to be worth more than INR19tn by the first half of 2019 , according to a report by the India Brand Equity Foundation .