Online insurance selling platform Policybazaar, which is operated by ETechAces Marketing and Consulting, has raised Rs 515 crore ($79 million) in a Series E funding round, as reported by VC Circle.

Samvad Partners acted as the lead transaction counsel to Policybazaar and its owner ETechAces Marketing and Consulting and its founders Yashish Dahiya and Alok Bansal and was led by partner Ashwini Vittalachar, senior associate Junaira Rahman and associate Riddhima P Murjani. The transaction team assisted on all aspects of the transaction wherein they provided end to end support across the investment process and negotiated with multiple investors (existing and incoming), in connection with the fundraise.

Khaitan & Co acted for Singapore government-owned investment fund Temasek Holdings and was represented by partner Aakash Choubey, senior associate Tanushree Bhuwalka and associate Kamna Kumar.

Cyril Amarchand Mangaldas partner Maheshwari Sundaresh acted for Premji Invest the personal investment vehicle of Wipro chairman Azim Premji.

Gunderson Dettmer acted for Tiger Global and was led by partner Jorge Solis.

Update 8 November 2017: Rajaram Legal represented new investor IDG Ventures in this round and was advised by senior associate Prasad Subramanyan.

Mumbai-based in-house counsel Jolly Abraham acted for True North amongst various others.

Back in 2011, Vaish Associates had acted for ETechAces in a similar round of funding in for Policybazaar, wherein the online insurance policy aggregator had raised an approximate INR 40 crores from its early backers InfoEdge and Intel Capital.

2017-10-13