Policybazaar.com raises $20 million
30/05/2014 12:32
Policybazaar.com, which helps consumers compare and analyse insurance products, today said that it has raised USD20 million (about Rs 119 crore) to increase its technology and build brand awareness, as per the media reports. According to media, the portal has raised $20 million in a Series C round of funding, the company said in a statement, adding that the existing investors did not participate in the current round. "We will be infusing this capital to ramp up our technology and work towards enhanced customer experience, seamless platforms and an extensive range of product offerings," PolicyBazaar.com CEO and co-founder Yashish Dahiya said. "We will also use this investment to focus on increasing the awareness levels of our services and brand to educate the customers on the advantages of comparing insurance products before making any purchase decision," he added. Dahiya said the portal has grown 28 times in the past 3 years and will aim to grow 10 times in the coming 3 years, taking "our premium collection figures to Rs 2,000 by 2017-18".
30/05/2014 12:32
Policybazaar.com, which helps consumers compare and analyse insurance products, today said that it has raised USD20 million (about Rs 119 crore) to increase its technology and build brand awareness, as per the media reports. According to media, the portal has raised $20 million in a Series C round of funding, the company said in a statement, adding that the existing investors did not participate in the current round. "We will be infusing this capital to ramp up our technology and work towards enhanced customer experience, seamless platforms and an extensive range of product offerings," PolicyBazaar.com CEO and co-founder Yashish Dahiya said. "We will also use this investment to focus on increasing the awareness levels of our services and brand to educate the customers on the advantages of comparing insurance products before making any purchase decision," he added. Dahiya said the portal has grown 28 times in the past 3 years and will aim to grow 10 times in the coming 3 years, taking "our premium collection figures to Rs 2,000 by 2017-18".
