Online financial services portal Policybazaar, run by EtechAces Marketing and Consulting Pvt. Ltd, has raised Rs500 crore, roughly $75 million, at a valuation of $500 million from new and existing investors, a top company official said. At least three new investors including True North and IDG Venture Partners have come on board, chief executive Yashish Dahiya said. He declined to name the third large investor in the round, citing a confidentiality agreement, but a person close to the development said it is Wellington Management Group, a Boston-based assets management firm.

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