PolicyBazaar

The company plans to utilize the proceeds from the IPO to enhance awareness of its brands, expand its international businesses, and establish an offline presence.

The digital insurance marketplace is looking to go public next year, the ongoing fundraising is in line with its plans to raise about USD 250 million at a valuation of USD 2 billion before Sept. 2021.

Turtlemint works with more than 100,000 on-ground financial advisors who use its digital tools to recommend insurance policies to consumers.

After going slow and steady in the Emirates, Policybazaar is now ready to face the competition head on.