Private Equity

Liquidity Events

Softbank offloads 2.5% stake in Policybazaar for Rs.871-Cr

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Japanese conglomerate SoftBank has offloaded a 2.5% stake in insurance aggregator Policybazaar's parent firm PB Fintech through open market transactions for INR 871 crore. Softbank, through its affiliates SVF India Holdings (Cayman) Ltd and SVF Python II (Cayman) Ltd, sold the shares of the company.

From the Venture Intelligence PE-VC Deal Database: Softbank has been an investor in PolicyBazaar since Jun-2018. It had started to make partial exits via the public markets since the company's IPO in Nov-2021.