Our Investors

We have been fortunate to receive the backing of a robust group of investors who believe in our vision of making India a socially secure nation

About Chiratae
Founded in 2006 by Sudhir Sethi and TCM Sundaram, Chiratae Ventures is a leading venture capital fund of India and focuses on early stage technology investments. Formerly known as IDG Ventures India, Chiratae currently has over 75 companies on its portfolio with $470M+ under advisory across 3 funds, delivering 2 IPOs and several successful exits over the years. Chiratae invests across tech-focused sectors, namely, Health-Tech, Enterprise SaaS, FinTech and Consumer Media & Technology. Chiratae ventures is proud to have a reputed advisory board which comprises of Mr.Ratan Tata, Mr. Kris Gopalakrishnan and Mr. Bruno Raschle. Some of their marquee investments include Flipkart, Myntra, Lenskart, PolicyBazaar, Yatra, FirstCry, Cure.Fit, Yatra, Nestaway, NewGen, Manthan, Sigtuple etc.
Chiratae
About Info Edge
Info Edge, the first "dotcom" to list on Indian exchanges (NSE: Naukri) with a current market-cap of USD ~3 billion, stands for strong consumer internet franchisees. It owns naukri.com (India’s largest online recruitment portal), 99acres.com(India’s largest property marketplace), jeevansathi.com (leading player in India’s online matrimonial space) among other portals. Info Edge is also an early investor in a few leading internet companies such as Zomato (India’s largest restaurant discovery and food delivery platform), Policybazaar (India’s largest online insurance marketplace), Meritnation (India’s leading online K-12 education platform), HappilyUnmarried/Ustraa (leading men’s grooming brand) and others.
Info Edge
About Inventus
Inventus India manages ₹ 800+ crores across three funds. Inventus III - India Fund (a ₹ 325 crore, early-stage VC Fund) is managed by experienced professionals who have backed 50 Indian entrepreneurs. Inventus backs entrepreneurs first and foremost and seeks capital efficient opportunities in the technology domain. Companies backed by Inventus India include redBus (ACQ. Naspers), InstaHealth (ACQ. Practo), Sokrati (ACQ. Dentsu), Power2SME, FundsIndia, Lemnisk, Cbazaar, Savaari, PolicyBazaar, eDreams, Unbxd, HealthifyMe, peel-works, MoveInSync, Aasaanjobs, Tricog, Knolskape and Truebil. Fund III completed its first investment -Worxogo- in Oct’18.
Inventus
About Premji Invest
Premji Invest is the investment office of Wipro's chairman and founder Mr. Azim Premji. The fund invests in growth stage companies across geographies such as India, China and US with a focus on consumer, technology, financial services and healthcare sectors. Premji Invest has made over 60 investments between public and private companies.
Premji Invest
About Ribbit Capital
Ribbit Capital invests in disruptive financial technology companies that are changing the world of finance, and Policybazaar is no exception. Policybazaar can be the leading online marketplace for insurance and other financial products in India, offering a superior consumer experience and transparency that can transform how those products are offered and sold. Ribbit Capital is a venture capital firm with a single, relentless mission: to change the world of finance. It specializes in investing in financial services and financial technology companies around the globe that focus on lending, payments, insurance, crypto assets, wealth management, and personal financial management.
Ribbit Capital
About SoftBank
At SoftBank Investment Advisers, we believe the next stage of the Information Revolution is underway. Through the SoftBank Vision Fund, we are investing up to $100 billion in the businesses and technologies that will help make it possible. We offer the operational expertise, global network and patient capital required to help exceptional founders build market-leading companies.
SoftBank
About Steadview
Steadview is a leading alternative asset manager that makes concentrated long-term investments across multiple industries.
Steadview
About Temasek
Incorporated in 1974, Temasek is a global investment company headquartered in Singapore. Supported by its network of international offices, Temasek owns a S$308 billion (US$235b) portfolio as at 31 March 2018, with significant exposure to Singapore and the rest of Asia. Its investment activities are guided by four investment themes and the long term trends they represent: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions. Temasek’s investment strategy allows it to capture opportunities across the sectors in which it invests in that help bring about a better, smarter and more connected world.
Temasek
About Tiger Global
Tiger Global Management was founded by Charles Coleman in 2001 and since then has successfully returned an annualized return of 21%. It currently manages over $5 billion dollars of assets. Tiger Global management as the name suggests, has business spread globally with a focus on China, Southeast Asia, Latin America and Eastern Europe. Tiger Global is known for their support in technologically driven start-ups, and have investments in Facebook, Google, Apple and LinkedIn. In India, Tiger Global has also notably invested in Flipkart.com, Myntra.com, Ola Cabs, caratlane.com and Makemytrip.com (before its IPO).
Tiger Global
About True North
True North traces its origins back to 1999, when it was originally named India Value Fund. The company was founded with a view towards investing in mid-sized, profitable, India-centric businesses, and then transforming them into world-class industry leaders that is built upon the foundation of strong values. Deep knowledge and understanding of Indian markets has led True North to successfully launch six independent investment funds, with a combined corpus of ~US$ 3 billion. These funds have been raised from over 35 high quality international institutions with a combined investable capital base of over US$ 1 trillion.
True North
About Wellington
Wellington Management is an investment adviser to more than 2,200 institutions in over 60 countries. Our mission as a firm is simple: to exceed the investment objectives and service expectations of our clients worldwide. With more than US$1 trillion in client assets under management as of 30 September 2018, we offer a broad range of equity, fixed income, alternative, and multi-asset investment approaches. We are a globally integrated community of investment professionals, and our most distinctive strength is our rigorous, proprietary research, which is shared collaboratively across all areas of the organization. We have offices in the US, Europe, Asia, and Australia.
Wellington

Testimonials

Sanjeev Bikhchandani (Founder, Info Edge)- "In my meeting with Yashish in 2008, he made a bold claim that he was willing to make a wager that I was paying 60% more for my car insurance than I need have. This intrigued me and I asked for a demo. He gave me a demo using the prototype they had built which substantiated his claim. There were cheaper policies available with similar features that I was not aware about. The Policybazaar team was solving a real, unsolved customer problem. The founding team came with strong pedigree and at such an early stage, it is essentially the team that we back. We also believed that if a product could bring this kind of customer transparency and reduce mis-selling on a wide scale, it would really benefit everyone involved. Then, and even now after over 10 years since that first investment, the team continues to execute very well and has created strong IP -brand and network effect- that is hard to replicate."

Sanjeev Bikhchandani

Founder, Info Edge

Policybazaar dominates the online insurance market in India and is revolutionizing the way Indians buy insurance and other financial service products. Their unique blend of tech and consumer centric approach is increasing transparency in an otherwise opaque market and assisting consumers in making better product decisions. We think very highly of the management team and are excited to be partners in this journey.

True North believes that insurance is a vast and attractive market. Within insurance, due to greater technological penetration, online as a medium is gaining increasing share of sales. True North believes that online is the future of insurance sales and is shaping up to be a “Winner takes all segment. Policy Bazaar is one of the pioneers in the online insurance segment in India and is deeply entrenched in the market with 90% share in Third Party online sales and 40% share in Total online sales at the time of investment. True North has complete faith in the highly-credible management team to deliver the results.

PolicyBazaar is India's #1 Online Insurance Marketplace leaving behind the competition by an order of magnitude. It is the only digital business in India that’s growing at over 80% without deep discounts and customer incentives. PolicyBazaar provides its consumers with over 330+ flavors of insurance products from 38+ Insurers. It is also the Largest Third Party Distributor of Insurance in India, including offline and online players. It sits on a large market opportunity with very strong headroom for rapid growth with a stellar leadership team, favourable macro environment and the existing market dominance that it has created. PolicyBazaar has the potential to become 1 stop shop for consumer for all financial products such as loan, insurance, investments and Personal Financial Management (PFM), thus unlocking significant value for the consumers.

Over the last decade, PolicyBazaar has become synonymous with online insurance in India. We believe that the Indian insurance market continues to remain massively under-developed and PolicyBazaar, supported by the Vision Fund’s capital and ecosystem, is well positioned to dramatically increase the adoption of insurance products in the country.

Munish Varma

Managing Partner, SoftBank Vision Fund