Friday, 24 March, 2023
Tencent buys 10% of Policybazaar, enters India insurance market
<p>Chinese internet giant Tencent has acquired 10 percent stake in India’s insurance aggregator Policybazar. The deal valued the company at $1.5 billion. Tencent, the owner of popular social networking and chatting application of China WeChat, has bought half of Tiger Global Management LLC’s stake in the company. Tencent’s other investment in Indian start-ups includes ride-hailing service Ola, the popular education platform Byju’s and food delivery platform Swiggy. </p>
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