12-Mar-18, ET Healthworld
ETechaces Marketing & Consulting, which owns and operates online insurance aggregator PolicyBazaar and lending marketplace PaisaBazaar, is entering the healthcare technology and services segment.
The move will see the Tiger Global-backed company directly compete with the likes of Tencent-backed Practo and Sequoia Capital-backed 1mg Technologies.
%20PolicyBazaar.png "PolicyBazaar to enter Indias healthcare tech space (c) PolicyBazaar")
Image: PolicyBazaar
The Gurgaon-based company, which was valued at USD500 mn post the closure of its last round of funding in Oct-17, has earmarked about USD100 mn for the new venture.
"PolicyBazaar advisors... [will] help consumers at the moment of truth, which is claims," said Yashish Dahiya, chief executive of PolicyBazaar.