Indian insurance comparison website PolicyBazaar has plans to go public , with a launch planned for next year , according to chief executive Yashish ##vili . The eight - year old firm is discussing terms with investment banks , Dahiya said . The company is also close to launching a $ 50 m round of fund raising . Total investment in the firm would give it a pre - IPO valuation of up to $ 400 m after breaking even late last year . PolicyBazaar plans to use the cash to invest in its PaisaBazaar.com loan and credit card business , Dahiya said .
Indian insurance comparison website PolicyBazaar has plans to go public, with a flotation planned for next year, according to chief executive Yashish Dahiya. The eight-year old firm is discussing terms with investment banks, Dahiya said. The company is also close to completing a $50m round of fund raising. Total investment in the firm would give it a pre-IPO valuation of up to $400m after breaking even late last year. PolicyBazaar plans to use the cash to invest in its PaisaBazaar.com loan and credit card business, Dahiya said.