Policybazaar

₹−488 crore (US$−61million) (FY23) PB Fintech Ltd Website .policybazaar .com Policybazaar is an Indian Policybazaar is the flagship subsidiary of PB Fintech Ltd which also owns the History [ ] Policybazaar.com was founded in June 2008 by Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar, starting out as an insurance comparison website. In February 2020, Sarbvir Singh was appointed CEO effective December 2019 while Yashish Dahiya took over the role of group CEO. In June 2021, Policybazaar obtained the Product [ ] This section contains content that is written like Please help ( June 2022) ( Policybazaar moved from a policy price comparison website to an insurance selling operation. The company claims to process nearly 25% of India's life insurance and over 7% of the country's retail health cover. Policybazaar.com has tie-ups with insurance companies that help it procure information such as price, benefit, insurance cover, etc. directly from the insurers. Users can use the Policybazaar website or app to research, compare and buy insurance policies from over 40 insurance providers. Policybazaar has companies, who offer Funding [ ] Policybazaar.com has so far raised US$366 million in 7 rounds of funding since its inception in 2008. ₹30 crore (US$6.9 million) as the seed fund in Policybazaar in mid 2008. ₹60 crore (US$12.86 million) into Policybazaar in May 2011 as part of the venture round. Policybazaar raised US$9 million from Intel Capital and Inventus Capital Partners in its ...

Proceeds generated from the fresh issue will be used towards enhancing visibility and awareness of the company's brands, to look for new opportunities to expand growth initiatives to increase the consumer base including offline presence. Also, the proceeds from the IPO will be used for funding strategic investments and acquisitions, expanding presence outside India, and general corporate purpose. • Visit • Under the issue type, click Equity • Under the issue name, select PB Fintech Limited in the dropbox • Write the application number • Add the PAN card ID • Click on 'I am not a Robot', and hit submit. You can also check the allotment status on the online portal of Link Intime India Private Limited ( The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatch, and uploading of refunds, and attending to all investor-related queries after the issue is completed. • Go to the web portal of Link Intime India Private Limited • Select the IPO in dropbox whose name will be populated only if the allotment is finalised • You may be required to select either one of the three modes: Application number, Client ID or PAN ID • In application type, select between ASBA and non-ASBA • Enter the details of the mode you selected in Step 2 • For security purposes, fill the captcha accurately • Hit submit. Bidders who could not get allotment in the IPO may see the initialisation of refunds on November 11. Others, ...

New-age technology companies such as Zomato, FSN E-Commerce, and PB Fintech were among the top investment picks for mutual funds in May. Despite criticism of these companies' lumpy valuations in the past, they have re-focused on improving profitability which has led to institutional interest in them. Zomato's net consolidated loss narrowed to INR 971 crore, and its revenue surged 69% to INR 7,079 crore in FY23. PB Fintech's losses also decreased to INR 487 crore, and revenue increased by 80% to INR 2,558 crore in the same period. Analysts are bullish on Zomato's steady recovery in earnings and growth prospects, while PB Fintech has an oligopoly position in the sector. Tencent Cloud Europe BV on Friday offloaded over 2 per cent shares of Policybazaar's parent firm PB Fintech for Rs 562 crore through an open market transaction. According to the bulk deal data available with the BSE, Tencent Cloud Europe BV sold 94,16,250 shares, amounting to a 2.09 per cent stake in the firm Top brokerage firms have shared their recommendations on some Indian companies. BofA Securities maintained a buy rating on SBI with a target price of Rs 1030, while Jefferies downgraded JK Cement to hold with a target price of Rs 3260. JPMorgan remained overweight on Coal India with a target price of Rs 290. CLSA maintained a buy rating on Tata Motors with a target price of Rs 624 and Citi maintained a buy rating on Policybazaar with a target price of Rs 820. PB Fintech, the parent company of Policybazaa...

Competition is everywhere. To sustain in the market we have to keep pushing our limits. We have to keep working hard to meet our goals. For that case, the new startups should be ahead of their peers to remain on the top. Staying on the top doesn't mean you are away from problems and can sustain like that forever. When it comes to Fintech startups there is a whole new game to play. Here we have discussed on How Policy Bazaar Is Sustaining Competition From Other Fintech Players?. Read the full article to know more about policy bazaar strategies to overcome all hurdles. PolicyBazaar—Company Highlights Company Name Policy Bazaar Headquaters Founded On 2008 CEO Sarbvir Singh Employees 13,000 Annual Revenue $29 million Sector Life and Health Insurance PolicyBazaar- About PolicyBazaar is an online platform that enables users to compare, analyze and buy life, health and motor insurance products. The comparative analysis of various insurance policies is based on the price, the quality and the key benefits. This empowers customers with accurate information on insurance products and helps them make informed purchases. PolicyBazaar has a market share of 50% in the online insurance space, by pitching the right product to the right customer at the right stage of his life. The online firm offer insurance across categories like life, health, motor, PolicyBazaar- Business Model for Sustainability The reason Policy Bazaar has been successful in the industry is because of it lead generating ...

PolicyBazaar had a steady year of growth during the fiscal ended March 31, 2020, standing out as one of the largest online insurance broking companies with a topline of Rs 519 crore. Its operating revenue grew by 66.3% to nearly Rs 516 crore in FY20 from Looking over the revenue breakdown, we see how the company achieved this growth of scale. PolicyBazaar collects nearly 50% of its revenues from insurance companies for providing outsourced services such as customer processing. Such revenues grew by 69.2% to Rs 256.8 crore in FY20. The second biggest revenue share is attributed to collections from the provision of telemarketing services provided to the insurance companies, making up 41.4% of the revenues. These collections surged by 62% to Rs 213.4 crore in FY20. The segment which achieved the biggest surge in scale was the rewards management and product listing services, whose collections grew by 78% from Rs 26.8 crore in FY19 to Rs 47.7 crore in FY20. PolicyBazaar tried to reign in its expenses during the last fiscal, and its total expenditure surged by 42% from Rs 525.5 crore in FY19 to nearly Rs 737 crore spent in FY20. It spent Rs 1.43 to earn a single rupee of revenue in FY20, improving 15.4% from Rs 1.69 spent to earn the same in FY19. Expenses related to employee benefits remained the largest cost centre for the Gurugram-based company, accounting for 41.4% of the total expenditure during the last fiscal. These costs grew by nearly 37% from Rs 222.6 crore in FY19 to ...