Mumbai: Policybazaar aims to go public in 2021 at a valuation north of USD 3.5 billion.
It will be the first for an India’s mega-startups to debut as its digital economy sees a northward climb. The startup plans to secure about USD 250 million in a round of financing at a USD 2 billion-plus valuation before a September 2021 initial public offering.
Policybazaar, which counts SoftBank Group Corp.’s Vision Fund, Tiger Global Management and Tencent Holdings Ltd. among its largest backers, may become the first of India’s digital-era upstarts to go public
