Indian insurance startup Policybazaar files for $810 million IPO

Policybazaar , a SoftBank-backed insurance aggregator, has filed for an initial public offering (IPO) for up to 60.18 billion rupees ($809.36 million), according to Reuters.

Founded in 2008, the company has raised a total of $767 million. It offers both L&H and P&C insurance products from over 50 carriers including Aegon Life, Digit, and Liberty General Insurance. Over 9 million customers have purchased coverage from Policybazaar .

Last month, the company introduced a self-inspection functionality to its app for prospects interested in buying car insurance, which may be required when a car insurance policy expired, there’s been a change in ownership, or during upgrades.

The company operates in the space of Turtlemint, RenewBuy, Coverfox, and others.