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PolicyBazaar in talks with bankers for a $1.5 billion IPO valuation

PolicyBazaar in talks with bankers for a $1.5 billion IPO valuation

Friday, December 8, 2017, 9:24 AM
More than a dozen investment banks made a pitch earlier this week as the parent of online insurance aggregator PolicyBazaar and PaisaBazaar, a lending platform, steps up work on its initial public offer, which could value the company at over $1.5 billion. The portal’s holding entity, EtechAces Marketing and Consulting, is likely to be the first financial technology listing on the Indian exchanges.
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