India’s PolicyBazaar, which runs a digital insurance business of the same name and a lending marketplace called PaisaBazaar.com, is the latest company to join SoftBank’s $100 billion Vision Fund after it announced a new funding round of over $200 million.
The deal was led by the Vision Fund with participation from existing investors including InfoEdge, the company behind jobs platform Naukri.com. The startup’s other investors count Softbank, Temasek, Tiger Global and True North, but an announcement from PolicyBazaar didn’t specifically mention if any of those names took place in this latest round. This new round takes PolicyBazaar to nearly $350 million to date. The deal is another investment in India for the Vision Fund, which so far has backed OYO Rooms, Flipkart and Paytm parent One97 Communication among others.