Policybazar aims to raise Rs 6500 crores via PB Fintech IPO
Policybazar was founded in 2008 by Yashish Dahiya. And PB Fintech is the parent company of policy bazaar.
Now PB Fintech IPO is about to launch as it is already converted to a Public Limited Company. They also received the approval on 5th July at an Extra-Ordinary General Meeting.
Policybazar has a good quality of investors including SoftBank, True North, Premji Invest, Temasek, and Tiger Global Management.
In FY20, Policybazar recorded Rs 218 crores of loss over the revenue of Rs 510 crores. And back in FY19, Rs 213 crores of loss was recorded over the revenue of Rs 310 crores (From MoneyControl). This positive growth of policy Bazar over the years increases the chances of getting a fundraise of Rs 6500 crores with PB Fintech’s IPO.