Policybazaar Co-Founder & CEO Yashish Dahiya. Photo credit: Eóin Noonan/MoneyConf via Sportsfile, under Creative Commons license

Google is looking to acquire a stake in Policybazaar, the Indian insurance comparison platform, as first reported by Indian news site The Economic Times. According to the Times, Google is looking to acquire about 10% of Policybazaar and could cough out up to $150 million for the stake, notably as part of the company’s recent pledge to invest $10 billion in India over the next five to seven years. According to the Times, Japanese tech conglomerate SoftBank, which holds a 15% stake in Policybazaar, may sell part of its stake to Google to facilitate its investment.

Notably, Policybazaar was recently reported to be eyeing $250 million in new financing that’ll value it at $2 billion. Already, the company has raised more than $600 million in private funding since its inception, with its most recent financing round having valued the company at $1.5 billion.