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Policybazaar gets $75m from Falcon Edge for UAE biz

Sumary of Policybazaar gets $75m from Falcon Edge for UAE biz:

  • Online financial services platform Policybazaar’s UAE arm has raised $75 million from New York-based Falcon Edge Capital in what’s the first external funding in this entity for the Middle East business…
  • SoftBank-backed Policybazaar has sold insurance schemes worth around $100 million of sum assured in UAE and expects to grow it 10 times in the next two years…
  • “As a brand, we are scratching the surface of how powerful online insurance and lending business can be when it is combined with advanced technology…
  • Policybazaar offerings are well-timed with the rapidly increasing demand for digital solutions in the insurance and financial lending sector,”……

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