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India’s InsurTech Policybazaar Eyes IPO
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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.