Policybazaar.com, a leading online financial services platform, has secured $5 million Series B funding. Inventus Capital Partners led this second round of funding, in which the existing investor Info Edge and Intel Capital also put in money.

The company will use the funds to strengthen the brand and improve platform and customer services.

Yashish Dahiya, CEO, Policybazaar.com, said: “This new round allows us to invest in the platform to enhance the consumer experience, as well as invest in creating a consumer centric brand.” Policybazaar.com, he said, was keen to work with insurers to improve their platform from a consumer e-commerce perspective and reduce their cost of acquisition. “In essence, we are committed to building the motor, term, health, loans and credit cards product categories, and introducing further categories like pension, critical illness, disability covers.”

Parag Dhol, Managing Director, Inventus Advisory Services (India) Pvt Ltd, said a neutral platform for information on financial products would help the value-conscious Indian consumers.

Policybazaar began operations in 2008 with funding from Info Edge (naukri.com).

Tano to invest in Shree Shubham

Shree Shubham Logistics Ltd has signed an agreement to raise Rs 80 crore from Tano India Private Equity Fund II. It will use the money to expand capacity in Maharashtra, Rajasthan and Madhya Pradesh. Shree Shubham Logistics, a leading player in the agri logistics space, has its own and managed warehouses.

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