Policybazaar may file for IPO next month: Reports | Editorji
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Policybazaar may file for $500 mn IPO next month

Apr 09, 2021 13:48 IST | By Editorji News Desk

Reports indicate that online insurance agent Policybazaar is planning to file for an IPO as early as next month. The Softbank-backed unicorn may look to raise $500 via the public offering that could value Policybazaar at $3.5 billion.

According to latest updates on Crunchbase, to date, the company has raised $766.6 Mn in 13 funding rounds from 22 investorsPolicyBazaar's most recent funding round was in March 2021, when it raised a $75 Mn private equity round led by Falcon Edge Capital.

The portal hosts more than 100 million visitors a year and sells 400,000 insurance policies each month, according to its website.