Indian insurance comparison website PolicyBazaar has plans to go public, with a flotation planned for next year, according to chief executive Yashish Dahiya. The company is planning an initial public offering (IPO) of its shares in the first half of 2018, he said on Tuesday. 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.
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.