Gurgaon based eTechAces Marketing and Consulting, the owner of the online policy aggregator PolicyBazaar, has raised $40 million in a Series D round of funding from PremjiInvest and a set of new and existing investors including Tiger Global and Ribbit Capital, reports Techcircle. Others participating in the round include Steadview Capital and ABG Capital. The startup will use the funding for upgrading its technology, marketing and building up the its recently launched PaisaBazaar. Note that the startup had previously raised around $20 million in funding through undisclosed investors in May last year. The startup had said then that it would invest in increasing its tech team and improving its mobile offering. FDI limits: As of January last year, Policybazaar had exceeded the FDI limit of 26% set by the Insurance Regulatory and Development Authority (IRDA), with as much as 38%…
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