Deal Street

October 26, 2017

Rs 500 crore ($ 77 million) raised by Policybazaar


In a Series E funding round, Rs 500 crore ($ 77 million) has been raised by online insurance selling platform Policybazaar, which is operated by ETechAces Marketing and Consulting Pvt. Ltd.

True North, IDG Venture Partners and Boston-based assets management firm Wellington Management Group had participated in the round, among others.

Samvad Partners acted for ETechAces Marketing and Consulting with a team led by Partner Ashwini Vittalachar along with Senior Associate Junaira Rahman and Associate Riddhima P. Murjani.

Khaitan & Co advised Temasek with a team led by Partner Aakash Choubey.

Cyril Amarchand Mangaldas Partner Maheshwari Sundaresh acted for Premji Invest.

Gunderson Dettmer advised Tiger Global Management and the team was led by Partner Jorge Solis.

Truenorth was advised by its in-house counsel Jolly Abraham.

Related Post

latest News

  • CCI shall not act against a company where the alleged anti-competitive practice does not cause appreciable adverse effect in competition on Indian markets

    The present Information was under Section 19(1)(a) of the Competition Act, 2002 (“Act”) against RCI India Private Limited (“RCI”) alleging con...

    Read More
  • Budget 2019: Know Your Customer Norms To Be Eased For Foreign Portfolio Investors, Says FM Nirmala Sitharaman

    Union Finance Minister Nirmala Sitharaman has stated that Know Your Customer (KYC) norms would be eased for Foreign Portfolio Investors (FPIs), while ...

    Read More
  • National Company Law Tribunal Sets Aside Petition To Initiate Insolvency Proceedings Against Intex Technologies

    The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea to initiate insolvency proceedings against smartphone and mobile accessories ...

    Read More