SoftBank Policybazaar-backed Insurtech Indian Unicorn Raises $ 200 Million During IPO

On October 27, Indian fintech company P.B. Fintech (parent company of Paisabazaar online lending and policybazaar unicorn insurance technology) announced to the public on November 1. It has raised over $ 766 million from vendors including SoftBank, Temasek, and Info Edge. SoftBank owns more than 15% of its shares and plans to sell some shares when it goes public. The new funds will be used to increase market awareness, expand the customer experience (eg offline marketing), marketing advice and mergers and acquisitions. , and expand trade outside of India. (42 Co., Ltd.)