PolicyBazaar Raises $77M at a $500M Valuation

Gurgaon-based PolicyBazaar announced it has raised $77M in a Series E round led by Wellington Management , with participation from IDG Ventures India and True North; to name two. The online insurance aggregator has raised a total of $146.6M since its inception in 2008 and is currently valued at $500M.

The company is led by cofounder and CEO Yashish Dahiya and employs over 1,000 employees, according to LinkedIn. Also, its insurance comparison service is offered via web and mobile.

According to VCCiRCLE, the company plans to go public by the end of 2018 after breaking even in November 2016.

Bottom Line: possibly the most valued, funded insurance aggregator in the world.