Gojek-Backed Insurance Startup Snags Funds From LeapFrog, Xiaomi
- Indonesia’s PasarPolis raises $54 million from SBI, Alpha JWC
- It aims to simplify insurance for mobile-savvy millennials
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PasarPolis, the insurance tech startup that counts three top Indonesian unicorns Gojek, Tokopedia and Traveloka among its early backers, has raised $54 million in new funding.
Investors in the Series B funding round include LeapFrog Investments Ltd., Xiaomi Corp., SBI Investment, Alpha JWC Ventures and Intudo Ventures, according to a statement on Wednesday.