Online insurance selling platform Policybazaar, which is operated by ETechAces Marketing and Consulting Pvt. Ltd, has raised Rs. 500 crore ($ 77 million) in a Series E funding round..Three new investors, including True North, IDG Venture Partners and Boston-based assets management firm Wellington Management Group, had participated in the round..Existing investors Temasek, Tiger Global Management and Premji Invest, besides other undisclosed investors, also participated in the round, reported VCCircle..Samvad Partners acted for ETechAces Marketing and Consulting with a team led by Partner Ashwini Vittalachar along with Senior Associate Junaira Rahman and Associate Riddhima P. Murjani..Khaitan & Co advised Temasek with a team led by Partner Aakash Choubey along with Senior Associate Tanushree Bhuwalka and Associate Kamna Kumar..Cyril Amarchand Mangaldas Partner Maheshwari Sundaresh acted for Premji Invest..Gunderson Dettmer advised Tiger Global Management and the team was led by Partner Jorge Solis..Truenorth was advised by its in-house counsel Jolly Abraham.
Online insurance selling platform Policybazaar, which is operated by ETechAces Marketing and Consulting Pvt. Ltd, has raised Rs. 500 crore ($ 77 million) in a Series E funding round..Three new investors, including True North, IDG Venture Partners and Boston-based assets management firm Wellington Management Group, had participated in the round..Existing investors Temasek, Tiger Global Management and Premji Invest, besides other undisclosed investors, also participated in the round, reported VCCircle..Samvad Partners acted for ETechAces Marketing and Consulting with a team led by Partner Ashwini Vittalachar along with Senior Associate Junaira Rahman and Associate Riddhima P. Murjani..Khaitan & Co advised Temasek with a team led by Partner Aakash Choubey along with Senior Associate Tanushree Bhuwalka and Associate Kamna Kumar..Cyril Amarchand Mangaldas Partner Maheshwari Sundaresh acted for Premji Invest..Gunderson Dettmer advised Tiger Global Management and the team was led by Partner Jorge Solis..Truenorth was advised by its in-house counsel Jolly Abraham.