Policybazaar readying for an IPO by the end of 2018
Friday, March 24, 2017, 8:32 PM
Policybazaar, an insurance comparison website has turned profitable and is readying itself for an IPO by the end of 2018. The company is also close to raising a pre-IPO round of about $50 million from new and existing investors. The eight-year-old company broke even in November 2016 and expects significant growth in profits on net basis in the year ending 31 March 2018.