AVANEESH NIRJAR
PB Fintech: A record debut in 2021, a record ₹31,400 crore wipeout & now the biggest storm the Gurugram co can face
PB Fintech came under heavy selling pressure after IRDAI proposed changes to insurance commissions and distribution economics. PB Fintech shares plunged 36% on Thursday, wiping out more than ₹31,400 crore in market value, and remained volatile on Friday.
PB Fintech invests Rs 5 crore in broking arm PB Marketing and Consulting
PB Fintech injected Rs 5 crore into its subsidiary, PB Marketing, to meet net worth requirements for stockbroking and depository participant operations. This strategic move follows Sebi's approval for PB Marketing to act as a debt segment stockbroker on the NSE.
Policybazaar parent to continue chasing long-term growth after IPO
Yashish Dahiya, cofounder and chairman of PB Fintech, said 80% of the company’s focus will be on growth and 20% will be on ‘efficiencies’.
PolicyBazaar parent's IPO to open on November 1
The price band for the issue has been set between Rs 940 and Rs 980 a share.
PolicyBazaar's parent firm gets Sebi nod for Rs 6,017 crore IPO
The company had filed its draft red herring prospectus (DRHP) with Sebi on August 2, seeking to raise Rs 6,017 crore ($809 million) through an IPO.
Policybazaar files DRHP with Sebi for Rs 6,000-crore IPO
Offering expected in November-December; startup likely to seek $5-6 billion valuation for IPO
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Policybazaar plans IPO to raise up to Rs 6,500 crore
Policybazaar parent PB Fintech has approved a resolution to raise up to Rs 6,500 crore, or $870 million, via an IPO, making it the fifth Indian startup to initiate proceedings to list on the national bourses.
Exclusive: PolicyBazaar rejigs cap table with a $45 mn round at $2.4 bn valuation
Online insurance aggregator PolicyBazaar has executed yet another secondary share sale, its second in a little over three months, ahead of an IPO planned at $3.5 billion valuation.
Flipkart of finance: Can Yashish Dahiya's policybazaar.com float through the regulatory maze?
Most of them are lemon, thanks to the opacity of an industry where a big chunk of the saver’s funds goes into fattening the agent’s wallet.
PolicyBazaar to raise Rs 300 crore at valuation of Rs 1,200 crore
New York-based Tiger Global, the most prolific backer of India's booming internet economy, will now hold 30% stake in PolicyBazaar.
PolicyBazaar.com to raise Rs 100 crore; plans to utilise proceeds for expansion, raising sales
If successful, the transaction, which is expected to close by July this year, will be the third round of equity financing raised by the Gurgaon-based venture.
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