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Google eyes Policybazaar, may buy 10% stake for $150 million: Reports

Google is looking to acquire a minority stake in SoftBank-backed online insurance platform Policybazaar as part of its goal to invest $10 billion in India over the next five to seven years, according to people close to the development. 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.

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