India’s InsurTech Policybazaar Eyes IPO

Policybazaar is gearing up for a $500 million initial public offering (IPO) as the online insurance platform drives a wave of rising demand for coverage from India’s rising middle class.

Policybazaar is looking at September of 2021 for the IPO, Co-Founder Yashish Dahiya told Bloomberg, a move that would value the Indian startup at a hefty $3.5 billion.