🍀SoftBank pursues Indian insurance price aggregator.
Japanese telecoms and internet investor SoftBank Group is in talks to back Indian digital insurance aggregator PolicyBazaar at a valuation of at least $800mn, according to Bloomberg.
The prospective deal follows a push from the Indian insurance regulator and parliament to open up the country’s insurance and reinsurance markets to foreign investment.
PolicyBazaar is an online consumer insurance search engine backed by investment fund Tiger Global Management and Singapore state-owned investment fund Temasek Holdings.
Bloomberg | The Insurance Insider
http://m.insuranceinsider.com/softbank-pursues-indian-insurance-price-aggregator-bloomberg