InfoEdge has entered into an agreement with SoftBank to jointly invest US$90 million in Etechaces Marketing and Consulting, the parent of PolicyBazaar, for an 8.93% stake on a fully diluted basis. Incorporating this fund raising into our estimates, implied valuation of PolicyBazaar is at | 72/ share (value 14.5% stake based on latest transaction of ~$1 billion) from the earlier estimate of | 27.7/share. InfoEdge invests $45 million in PolicyBazaar InfoEdge has entered into an agreement with SVF India Holdings...