Policybazaar readying for an IPO by the end of 2018
CEO Yashish Dahiya says insurance comparison website Policybazaar is close to raising a pre-IPO round of about $50 million from new and existing investorsbusiness Updated: Mar 24, 2017 18:34 IST
Policybazaar, an insurance comparison website run by EtechAces Marketing and Consulting Pvt. Ltd, has turned profitable and is readying itself for an initial public offering (IPO) by the end of 2018, a top company executive said.
The company is also close to raising a pre-IPO (initial public offering) round of about $50 million from new and existing investors, chief executive Yashish Dahiya said in an interview.
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.