Venture Intelligence (TSJ Media Pvt. Ltd.)
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Tiger Global exits PolicyBazaar by selling shares worth Rs.523-Cr; registers over 10x return
Tiger Global has sold shares of the publicly-listed PB Fintech Ltd, which owns InsurTech service PolicyBazaar, realising INR 522.50 crore. The investor had sold shares last week worth about INR 606 crore. Assuming Tiger sells its residual shares (0.55% stake) at the same average price, the investor would have made over 10x return on the investment.
From the Venture Intelligence PE-VC Deal Database: Between May 2014 and Oct 2017, Tiger Global invested over INR 240 crore in PolicyBazaar. It had made two part exits prior to the company’s IPO in Nov 2021.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.