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SoftBank injects $ 130 million into the Indian Insurtech PolicyBazaar


SoftBank’s Vision Fund has reportedly purchased an additional $ 130 million stake in the owner of the Indian insurance market, PolicyBazaar.

Times of India reported the deal based on three sources who said the new investment would give SoftBank more than a 15% stake in the company.

The parent company, named EtechAces Marketing and Consulting, is valued at around $ 1.5 billion.

The company has done well due to the growing interest in health and life insurance …



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