Page 8 - Policybazaar

Policybazaar files DRHP with Sebi, aims to raise over Rs 6,000 cr via IPO

Of this, Rs 3,750 crore will be fresh issue portion and OFS of Rs 2,267.5 crore

SoftBank-backed Policybazaar seeks to join India tech IPO train

Policybazaar was founded in 2008 to tap the large population of under-insured in a country of 1.3 billion people

Sebi chief hails home listing of tech cos, says markets entering new era

Views follow a stellar response to India's first unicorn IPO by food delivery company Zomato, which was subscribed nearly 40 times

Policybazaar all set to hit the market, raise Rs 6,500 crore via IPO

The Softbank-backed insurance aggregator is also likely to consider offer for sale from some of its investors

This year will be challenging from supply perspective: PolicyBazaar.com CEO

In a Q&A Sarbvir Singh dwells on the current trends in the insurance space and how his firm's business model will change now that it has got a broking licence

Policybazaar.com forays into insurance brokerage, opens 15 retail stores

The brand will eventually expand to 100 locations

Shocked by Covid deaths, young Indians rush for life insurance

During devastating second wave in April and May, the numbers of people aged between 25 and 35 buying term insurance was 30% higher than in previous 3 months combined, said PolicyBazaar

True North sells Policy Bazaar stake to Serum Institute, four others

True North disclosed neither the quantum of stake sold nor the value

Consumers opted for higher sum insured policies due to Covid: Policybazaar

This indicates a sharp increase in awareness and demand for high cover protection policies

Pressing question before India's tech unicorns: Where to bring an IPO?

Business Standard breaks down key listing requirements in India, in the US and the possibility in a few other scenarios

Policybazaar IPO in 12-15 mos; parent firm gets boost from Bay Capital

Leading online insurance policy aggregator Policybazaar.com has got a capital boost from investment management firm Bay Capital, ahead of its initial public offering (IPO) in the next 12-15 months. 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. "Bay Capital has completed a secondary transaction, ahead of the insurance aggregator's plans to launch an IPO in the next 12-15 months," Bay Capital said on Wednesday. However, how much capital has been infused by Bay Capital could not be ascertained. PB Fintech had attained the status of a unicorn in 2018 when it raised USD 200 million in a Series-F round led by Japan's Softbank. Siddharth Mehta, founder and CIO of Bay Capital, said PB Fintech has transformed the way insurance is bought in India. "Customer centricity has been the heart of their proposition and has helped them become the platform of

Unicorns have created $106-bn value for startup ecosystem in 10 yrs: Report

Having created over 1.4 million jobs annually, Indian startups have taken eight years on an average to hit the unicorn milestone

Info Edge drops 12% in 2 days despite analysts raising targets; here's why

Analysts at Edelweiss Securities have 'Hold' rating on the stock with a target price of Rs 5,460 considering the core business's steep valuation

Policybazaar.com sells 400,000 health policies in April-December 2020

Covid-19 pandemic and increased awareness about health plans, along with factors such as flexible payment options and availability of higher sums insured created a surge in demand

IPO street: From Zomato to InMobi, 2021 could be the year of start-ups

The country has realised the potential of start-ups that have disrupted traditional businesses (or ways of doing business) and have garnered large market share, across segments

Consumers gravitating towards higher sum insured in health policies

Covid drives awareness of need for health insurance, consumers also buying plans in the range of Rs 25-50 lakh

At 40%, we are growing faster than industry: Sarbvir Singh of Policybazaar

In an interview, Singh talks about why the demand has moderated in Q2 and how the growth in the health segment may not be sustainable as the fear of Covid-19 wanes

Online insurer Policybazaar eyes IPO on Nasdaq by next September

The LS had on Saturday passed the Companies (Amendment) Bill, 2020 amending the Companies Act which seeks to allow certain public companies to list certain types of securities in foreign jurisdictions

Rising Covid, non-Covid claims a double whammy for general, health insurers

Insurers said while the situation had been manageable so far, going ahead, it would be a cause for concern

Info Edge founder wants a hat-trick after Zomato, PolicyBazaar success

To pump in money more aggressively, Sanjeev Bikhchandani's company has set up its own alternative investment fund, Info Edge Ventures, for early stage investments