Policybazaar's parent company acquires Visit Internet Services for Rs 22.41 crore

Policybazaar and Paisabazaar's parent company, PB Fintech, acquired Visit Internet Services for Rs 22.41 crore.

Policybazaar and Paisabazaar's parent company, PB Fintech, acquired Visit Internet Services for Rs 22.41 crore. The acquisition was done through PB Fintech's subsidiary Docprime Technologies. Visit Internet Services' turnover in FY19 was Rs 1.80 lakh whereas in FY20 it went upto Rs 76 lakhs.

The Visit Internet Services provides integrated internet-based healthcare, medical and other services in India as well as abroad. They also lend internet-based technology infrastructure to doctors and healthcare providers. The platform also hosts telecommunication services. It was founded in 2015 by Birla Institute of Technology and Science (BITS) alumni Anurag Prasad, Shashvat Tripathi, Vaibhav Singh and Chetan Anand. 

PB Fintech already had acquired a 98.40 percent stake in Visit Internet Services, the process of complete acquisition will be completed in February. PB Fintech had a 30.46% stake in Visit Health after its investment of Rs 10.80 crore in November 2021. Last months in December 2021 PB Fintech had acquired majority stakes in Gurugram-based loan marketplace MyLoanCare for a whopping Rs 40.41 crore.

Tags : #VisitInternetServices #PBFintech #Policybazaar #Paisabazaar #DocprimeTechnologies #AnuragPrasad #ShashvatTripathi #VaibhavSingh #ChetanAnand #funding #medicircle #smitakumar

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Priyal Shah

Priyal Shah is a graduate of Media from Mithibai College, Mumbai. She is a writer, researcher and avid reader.

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