Serum, others pick PolicyBazaar stake : vimarsana.com

Serum, others pick PolicyBazaar stake


Serum, others pick PolicyBazaar stake
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Private-equity fund True North on Friday said it has sold part of its holding in insurtech startup PolicyBazaar to five independent buyers, including vaccine producer Serum Institute of India.
The four others are Ashoka India Equity Investment Trust Plc, Triumph Global Holdings Pte Limited, IIFL Special Opportunities Fund Series 8, and India Acorn Fund Ltd.
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. 09 Apr 2021
Last October, True North Fund conducted the first tranche of its stake sale in the company. Post this new transaction, True North will continue to be invested in PolicyBazaar.

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