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After Jio, Google sets sights on stake in Policybazaar, might spend $150 million for 10%

Google is keen on acquiring about 10% of Policybazaar and could invest about $150 million, they said. SoftBank, which holds a 15% stake in Policybazaar, may make a partial exit, they said. Policybazaar declined to comment.Alphabet Inc-owned Google announced its India investment plan last month. Google announced its first investment shortly thereafter - $4.5 billion in Mukesh Ambani-owned Jio Platforms , joining Facebook and others. The $130 million investment was made in July.

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