Capital boost for Policybazaar.com's IPO! Find out what's new here

Sprishasingh12 Oct, 2023News

PolicyBazaar.com, which is an online insurance policy aggregator, has received a capital boost from investment management firm Bay Capital. Siddharth Mehta, IL&FS Former Director and CIO Bay Capital, who manages funds for US and European institutions, has infused an undisclosed sum into Policybazaar.Com's parent company, PB Fintech. In the upcoming 12 to 15 months, the investment is anticipated to assist the insurance aggregator in launching an IPO. It is anticipated that Bay Capital will invest a sizable amount in industries like consumer, digital, finance, outsourcing, and health.