POLICYBAZAAR FOUNDERS
Premji Invest goes big on strategic output & tech
Premji Invest and Singularity AMC are likely to lead a $30-40 million round in Sanlayan at a valuation of about $200 million, according to the people. Separately, Premji Invest is in advanced talks to lead Hical’s first institutional funding round of $30-40 million, alongside TVS Capital.
AI on the clock as fintechs demand payoff for spends
September-quarter earnings calls of Paytm, Pine Labs, Groww, PB Fintech, Kissht and Mobikwik reveal a shift across payments, stockbroking, lending and insurance. AI is moving beyond chatbots and experiments into decisions affecting the cost of acquiring, serving and retaining customers.
PB Fintech, Delhivery improve Q2 profits; Binance's $6.3 billion caper
PB Fintech on Friday reported a strong jump in profit and revenue for the July-September quarter. This and more in today’s ETtech Top 5.
Sanjeev Bikhchandani to return as Info Edge CEO after 16 years
The leadership change was announced alongside the company’s July-September quarter results on Wednesday. Info Edge reported an 87% year-on-year increase in consolidated net profit to Rs 650 crore, while operating revenue rose 12% to Rs 904 crore.
AI was everywhere at GFF 2026. Full automation was not
Global Fintech Fest 2026 highlighted agentic AI's practical integration within the BFSI sector. Automation will handle basic tasks, but humans will retain final decision-making authority. Companies are focusing on specialised AI models and optimizing compute power for cost efficiency. Job roles are evolving, with a continued emphasis on hiring and upskilling employees.
IMC 2026 to put DeepTech at centre of startup programme ASPIRE
India Mobile Congress 2026 will take place from October 7 to 10 at Yashobhoomi Convention Centre in New Delhi. The event will emphasise DeepTech and frontier technologies to support startups advancing from prototype to market. Over 500 startups and 300 venture capital firms are expected to participate, fostering connections through one-on-one meetings.
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IRDAI's commission reset impact; ETSA winner Progcap’s next bet
Happy Friday! IRDAI's overhaul plan could significantly impact the new-age insurance distribution industry. This and more in today’s ETtech Morning Dispatch.
IRDAI commission proposal may push PB Fintech closer to insurance manufacturing, says Yashish Dahiya
The company said lower distribution commissions could alter the economics of its existing model and make insurance manufacturing a more relevant strategic option. Under the commission framework proposed by the Insurance Regulatory Authority of India (IRDAI), there would be product-level commission caps.
HDFC MF bets on PB Fintech, buys stake worth Rs 321 crore as IRDAI reforms trigger 36% stock rout
HDFC Mutual Fund bought 25 lakh PB Fintech shares worth about Rs 321 crore at Rs 1,282.30 each, even as the stock plunged 36% after IRDAI proposed renewed insurance commission caps, raising concerns over the company’s general insurance revenues.
PB Fintech forced to rethink business plan as India insurance commissions cap comes as a major shocker
Proposed commission caps from the Insurance Regulatory and Development Authority of India could severely impact PB Fintech's revenue. The company anticipates a potential reduction in income from general insurance to 33-40% of current levels. As a response, PB Fintech plans to enhance cost control measures and shift its focus toward profitability.
Jefferies' 25% CAGR club: Paytm, Groww among 5 financial stocks that can deliver up to 25% returns
Jefferies has identified Paytm, Groww, PB Fintech, AU Small Finance Bank and Poonawalla Fincorp as its 25% CAGR club of Indian financial stocks. The brokerage expects strong earnings and revenue growth over FY26-29, supported by scale, new business initiatives and operating leverage, while maintaining Buy calls on all five stocks.
Policybazaar founder warns of insurance squeeze; IT's buying spree
Happy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. This and more in today’s ETtech Morning Dispatch.
No plans to exit from any portfolio companies: Sanjeev Bikhchandani
The statement by the cofounder of Info Edge comes at a time when the markets are making fresh highs and the share prices of some of the companies in his portfolio, such as Zomato and PB Fintech, are soaring.
PB Fintech's revenue grows 70% to Rs 679 crore; losses narrow to Rs 87.6 crore in December quarter
The company narrowed its losses by over 70% to Rs 87.6 crore in the quarter ended December 31, compared to Rs 298 crore in the same period last year.
In no rush to sell stakes in Zomato, Policybazaar: Info Edge’s Sanjeev Bikhchandani
Sanjeev Bikhchandani's comments come at a time when Zomato is facing significant selloff pressure as a result of market volatility, concerns around corporate governance and lack of disclosure, especially around its acquisition of Blinkit
PB Fintech on life after listing; crypto firms meet govt panel
A short-term focus on profit could destroy long-term value creation for firms like PB Fintech and their shareholders, cofounder Yashish Dahiya says after his company's listing.
Forcing companies to declare profits early will destroy shareholder value: Policybazaar founder
Shares end opening day’s trade with 23% gain over issue price
Info Edge, SoftBank among biggest winners as Policybazaar lists
Shares of PB Fintech, the parent firm of PolicyBazaar and PaisaBazaar, rose 22.74% over its IPO price on listing day. Here’s how much each investor's stake in PolicyBazaar was worth after today’s close.
Who are Yashish Dahiya and Alok Bansal, founders of Policybazaar?
For Yashish Dahiya and Alok Bansal, their 13-year journey of building Policybazaar as India’s largest insurance marketplace started even before they launched the company.
Policybazaar founders to cut sale of own shares in IPO by 85-90%
The increased interest in startup IPOs and headroom for further growth in business as well as valuation after the Policybazaar IPO led founders Yashish Dahiya and Alok Bansal to reduc their stake sale by 85-90% in value.
Policybazaar’s Rs 5,710 cr IPO gives company valuation of $6bn
Policybazaar, which started out as a comparison website that generated leads for insurance companies, has evolved into a platform that allows users to search, buy, renew and lodge claims.
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 plans Mumbai IPO filing next month
The Policybazaar IPO, which could value the online insurance startup at over $3.5 billion, would involve new stocks and secondary shares from existing shareholders.
Policybazaar.com IPO in 12-15 months; parent firm gets capital boost from Bay Capital
Bay Capital, which manages money on behalf of institutions and endowments from the US and the Europe, has infused an undisclosed sum into the parent company PB Fintech of Policybazaar.com.
Startup founders bat for an Indian app store
The founders, including Paytm's Vijay Shekhar Sharma, Yashish Dahiya of Policybazaar and Murugavel Janakiraman of Matrimony.com, plan to also approach the country's banking regulator as well as the finance ministry.
Policybazaar moves tech services to Zphin
New brand will work on automating processes around sales, services, and marketing.
True North, IDG Ventures may take $20 million pie in PolicyBazaar's parent
PolicyBazaar, which is backed by Tiger Global, InfoEdge and Premji Invest among others, is looking at more domestic investors to join this round to ensure it meets the 51% domestic investment criteria under the Insurance Regulatory and Development Authority of India (Irda).
Policybazaar looks to raise Rs 400 crore in 6 weeks
Policybazaar has turned profitable in the financial year ended March 31, 2017, and is expected to turn in net profit of about Rs 50 cr during the financial year ended Mar 31, 2018.
Temasek to buy Intel Cap's stake in Policybazaar for Rs 110 crores
Policybazaar, which helps consumers to compare and buy insurance policies, has witnessed two major investments over the last couple of months.
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