Bay Capital has completed a secondary transaction

Bay Capital


"Bay Capital has completed a secondary transaction, ahead of the insurance aggregator's plans to launch an IPO in the next 12-15 months," Bay Capital said on Wednesday.


However, how much capital has been infused by Bay Capital could not be ascertained.


PB Fintech had attained the status of a unicorn in 2018 when it raised USD 200 million in a Series-F round led by Japan's Softbank.


https://m.economictimes.com/markets/ipos/fpos/policybazaar-com-ipo-in-12-15-months-parent-firm-gets-capital-boost-from-bay-capital/articleshow/81315541.cms

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