Policybazaar joined the Unicorn Club on June 25, 2018. Founded in 2008, the company is headquartered in Gurugram, Haryana, India. Policybazaar provides an online platform for insurance buyers, offering life, health, travel, and car insurance plans, and enabling users to compare, purchase, and renew policies seamlessly.
The platform aims to provide a user-friendly digital experience, simplifying insurance discovery and decision-making for consumers.
Keep reading to learn how Policybazaar became a leading insurance technology unicorn.
What Is Policybazaar and What Does It Do?
Policybazaar is an internet first insurance platform connecting users with a wide range of life and general insurance products. Its marketplace allows users to compare policies, generate online quotes, and manage renewals.
The company partners with insurance providers to offer life, health, travel, and car insurance. It focuses on delivering a seamless user experience, enabling informed decision-making and simplified insurance purchase processes.
How Much Funding Has Policybazaar Raised?
1. Seed Round
- Amount Raised: $1 million
- Date: 2008
- Lead Investors: Early stage angel investors
- Purpose: Build online insurance marketplace and initial platform development
2. Series A Round
- Amount Raised: $5 million
- Date: 2010
- Lead Investors: Inventus Capital Partners
- Purpose: Expand platform offerings and onboard insurance providers
3. Series B Round
- Amount Raised: $20 million
- Date: 2013
- Lead Investors: Tiger Global Management
- Purpose: Scale operations and enhance technology infrastructure
4. Series C Round
- Amount Raised: $50 million
- Date: 2015
- Lead Investors: SoftBank, Info Edge
- Purpose: Expand marketing reach, grow customer base, and improve platform features
5. Series D Round
- Amount Raised: $75 million
- Date: 2016
- Lead Investors: Premji Invest
- Purpose: Strengthen product offerings, technology, and distribution channels
6. Post IPO Funding
- Amount Raised: $7.69 million
- Date: October 14, 2017
- Lead Investors: Alpha Wave Global
- Purpose: Support public listing, brand expansion, and operational scaling
Total Funding Raised: $158.69 million Latest Funding Date: October 2017 Employee Count: 24,206 as of June 2025
Key Investors
- Premji Invest
- Details: Private investment firm led by Wipro chairman Azim Premji
- Focus Areas: Technology platforms, consumer internet, and financial services
- Alpha Wave Global
- Details: Global growth equity firm
- Focus Areas: Fintech, digital marketplaces, and high growth internet companies
Where Is Policybazaar’s Headquarters?
Policybazaar is headquartered in Gurugram, Haryana, India, serving as the central hub for its leadership, product development, technology, and insurance platform operations.
What’s Next for Policybazaar?
Policybazaar plans to expand its insurance marketplace, enhance digital tools for policy comparison, and grow customer adoption across India. The company continues to invest in technology, user experience, and distribution partnerships to maintain its leadership in the online insurance sector.
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