PolicyBazaar

• Blume Ventures absorbed Sajith Pai into its team
• T-Hub has appointed Srinivas Kollipara as interim CEO
• Other companies prominent this week were Ola, Gamepind, PolicyBazaar, MoneyTap, Conduent, and Facebook

• Patanjali made social media platforms such as Google, Facebook, and Youtube take down defamatory content
• Infibeam has registered a 26% increase in revenues, thereby earning $13 Mn in Q1 FY 2019
• MakeMyTrip posted a net revenue of $137.4 Mn for the first fiscal quarter ending June 30, 2018

PolicyBazaar plans to work with China’s Ping An Good Doctor, which is backed by SoftBank, to strengthen DocPrime

Ping An Good Doctor connects patients with doctors and claims to have over 190 Mn registered users and more than 30 Mn monthly active users

DocPrime is a monthly subscription service that will provide complete coverage of outpatient department expenses incurred by users

- PolicyBazaar's policy of selling insurance through its main platform and loans and credit cards through PaisaBazaar has helped it clock a higher growth rate and revenue than BankBazaar
- With 4X growth and revenues of INR 76.45 Cr In FY17, PolicyBazaar has caught up with BankBazaar, which posted revenue of INR 71.16 Cr in FY17

• McXtra raised funds in a pre-A series A round
• The funds will be used to scale operations
• Plans to target one lakh users in partnership with 30 corporate entities

Important Indian Startup News Stories Of The Week [02-07 July 2018]

16 Startup Funding Took Place In The Indian Startup Ecosystem This Week [25-30 June 2018]

PolicyBazaar Aims To Achieve 10 Mn Transacting Customers By 2020

An Analysis Of The Financials of Online Financial Marketplace BankBazaar, Which Completed 10 Years Of Operations In February 2018

Earlier Reports Had Surfaced That Softbank Will Value PolicyBazaar At $800 Mn

Post This, The Team Of Cynosure Will Be Joining Zensar’s Insurance Vertical

Important Indian Startup News Stories Of The Week [12-17 March 2018]