Investments
Free ReadSoftBank Group has fully divested from insurtech platform Policybazaar (PB Fintech Ltd), yielding a more than three-fold return on its investment in another lucrative exit for the Japanese investment conglomerate.
SoftBank, which held a 4.39% stake in PB Fintech as of September 30, 2023, sold its entire stake via block deals and open market transactions, a person with direct knowledge of the matter told The CapTable on condition of anonymity. The Masayoshi Son-led investment giant invested about $199 million over the years into the insurance aggregator platform and exited the company with more than $630 million for its troubles, the person added.
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