SoftBank fully exits Policybazaar parent, collects $650 mn in returns

SoftBank had invested about $200 million in PB Fintech. In Dec 2023, Softbank's arm SVF Python II (Cayman) divested a 2.5 per cent stake in Policybazaar's parent firm PB Fintech for Rs 914 crore

Japanese investor SoftBank has full exited PB Fintech, the parent company of Indian digital insurance marketplace Policybazaar, garnering $650 million on its investment, said a person familiar with the matter.

Masayoshi Son-led SoftBank had invested about $200 million in PB Fintech. “SoftBank has made a total of around $650 million in returns on its investments in the Gurugram-based company,” according to the source.

In December 2023, Softbank's arm Svf Python II (Cayman) divested a 2.5 per cent stake in PB Fintech for Rs 914 crore through open market transactions. HDFC Mutual Fund (MF), Mirae Asset MF, ICICI Prudential Life Insurance, Societe Generale,