08/08/2020 09:39 AM | Click to read full article
Google is looking to acquire a minority stake in SoftBank-backed online insurance platform Policybazaar as part of its goal to invest $10 billion in India. Google is keen on acquiring about 10% of Policybazaar and could invest about $150 million.
SoftBank, which holds a 15% stake in Policybazaar, may make a partial exit. Talk of the possible stake acquisition comes as Policybazaar aims to raise funds through an initial public offer next year.