India based online insurance comparison portal PolicyBazaar raised a $75m Series E led by Temasek and Tiger Global.
In 2015-16, sales at Policybazaar grew 30% to Rs109 crore while losses widened 72% to Rs110 crore. The company has not filed its numbers for 2016-17 so far. “We would broadly do about Rs400 crore in revenues this year, but what is interesting is that a lot of this is now coming from our loans and credit card business. Also, Paisa Bazaar has overtaken Policybazaar in terms of traffic,” Dahiya said. Both the portals together clock 9 million visits every month.