News > Policybazaar IPO in 12-15 mos; parent firm gets boost from Bay Capital

Policybazaar IPO in 12-15 mos; parent firm gets boost from Bay Capital

Business Standard | 03/03/2021 10:29 PM | Click to read full article

Policybazaar.com has got a capital boost from investment management firm Bay Capital, ahead of its initial public offering (IPO) in the next 12-15 months. Bay Capital, which manages money on behalf of institutions and endowments from the US and Europe, has infused an undisclosed sum into the parent company PB Fintech of Policybazaar.com.

"Bay Capital has completed a secondary transaction, ahead of the insurance aggregator's plans to launch an IPO in the next 12-15 months," Bay Capital said on Wednesday.