The usage-based motor insurance, popularly known as 'Pay As You Drive', allows customers to pay the premium depending on how many kilometers the car has travelled.
The unicorn is not planning salary cuts but will keep an eye on costs, says CEO Sarbvir Singh.
PolicyBazaar has also appointed Sharat Dhall as chief operating officer (COO), a media report suggested.
The injury from WeWork debacle went beyond money... It may now mean the joyride for startups funded by SoftBank is over and it's time for them to show the money.
Among the possible investors, with whom discussions are underway, are Chinese internet giant Tencent and Japan’s SoftBank Vision Fund
Policybazaar admitted to doing so, but told the court that it had stopped the same since April 23, 2019.
It collected premium of about Rs 1,800 crore in FY18, Head of Communications and spokesperson of Policybazaar.com Group of Companies Aman Dhall told PTI.
The common thread across all these big ticket funding is clearly Softbank
Over the last month or so, Gandhi has met more than a dozen entrepreneurs, including PolicyBazaar’s Yashish Dahiya, Bira91’s Ankur Jain, GOQii’s Vishal Gondal, and Snapdeal’s Rohit Bansal
Currently, Docprime connects patients with doctors in real time with the help of technology and an offline network.
Docprime.com, which allows users to book appointments with doctors and labs through its platform, has partnered up with 14,000 doctors and 5,000 diagnostic labs.
PolicyBazaar believes in the build as opposed to buy model for expansion and plans to invest in other categories such as healthcare
The appointment is an elevation for Ashish Gupta, who has been serving as Chief Technology Officer (CTO) at PolicyBazaar since November 2015.
The transaction is subject to change consequent to completion of primary investment in Etechaces announced by Info Edge on June 25, 2018, the statement said.
Morgan Stanley has maintained its Overweight call on Info Edge after this deal and expects the stock to go up by 62 percent.
The company recently received a USD 30 million investment from Experian. This round of hiring supplements the first hiring round announced in March 2017.
This recent round of financing brings BankBazaar’s total funding amount to USD 110 million.
RenewBuy’s fundraiser comes days after its bigger rival PolicyBazaar raised Rs 500 crore from investors such as True North and IDG Ventures.
Started in 2008, the company had so far raised about USD 86 million excluding this fresh round.
Dahiya feels that like a sportsman, for an entrepreneur, it’s the same, you have to prepare, act and stay on top of your game
Policybazaar’s plans for a public offer have got a leg up after the company broke even in November 2016.
Son of an Army man from Haryana, Dahiya likens building a startup to running a marathon which many young startup CEOs have forgotten.
Even as New York-based investment firm took a bold step to replace founders from the CEO position in its biggest Indian bet Flipkart, here is a look at how Tiger Global's other startups are faring in India.
Riders are purchased additionally with a basic life insurance plan for getting additional benefits.