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POLICYBAZAAR IPO VALUATION
SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...
Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...
Deeptech bets heat up; Paytm, PB Fintech, Meesho earningsHappy Thursday! VCs are doubling down on India’s deeptech, with early-stage bets leading the charge. This and more in today’s ETtech Mornin...
Valuation reset drives mutual fund inflows into listed new-age firms amid FPI selloffMutual funds increased their stakes in new-age companies during the March quarter, despite falling share prices and overall portfolio value...
Acko plans confidential IPO filing to raise $250 million; targets $2.5 billion valuationDigital insurer Acko is gearing up for a confidential IPO, aiming to raise approximately $250 million and seeking a valuation between $2-2....
Startups rethink IPOs as markets fall out of love with unicornsSharp fall in valuations of new-age companies post listing weighing on investors’ minds
After Paytm IPO, will conventional valuation metrics regain primacy?Paytm target downgrade and a sudden shift in momentum puts the spotlight on the mean – or, more precisely, reversion to the mean.
Why FOMO can’t stop Nikhil Kamath from steering clear of Zomato, Nykaa, Paytm IPOs“I personally like to avoid the flavour of the season and even though one has tremendous FOMO and one feels like missing out all the time, ...
Policybazaar parent's IPO fully subscribed on Day 2The issue has generated mixed recommendations from analysts, with some raising questions over the valuations. However, the majority believe...
Policybazaar parent's IPO subscribed 53% on day 1Analysts are divided on the asking valuations. Reliance Securities said the IPO is valued at 22.1x FY21 book value and 46x on market cap to...
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 foun...
Policybazaar raises Rs 2,569 cr from insurance cos, anchorsThe SoftBank-backed startup saw bids that were nearly 40 times higher for the anchor slot of its initial public offering (IPO), with invest...
Policybazaar raises Rs 2,569 crore from insurance cos, others in IPO anchor roundThe SoftBank-backed startup saw bids that were nearly 40 times higher for the anchor slot of its initial public offering (IPO), with invest...
Grey market punters already trading on planned unicorn IPOsPunters in the unofficial grey market are being choosy about trading in the unlisted shares of IPO-bound new-age businesses. Online beauty ...
Nykaa, Policybazaar to file papers to raise Rs 11,000 crore via IPOsInvestment banking sources told ET that lifestyle retailer Nykaa, which plans to raise ₹5,000 crore, will likely file its draft red herring...
Policybazaar plans IPO to raise up to Rs 6,500 crorePolicybazaar 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 In...
Delhivery aims for pre-IPO funding at $3 billion valuationThis indicates an almost 50% higher valuation for the SoftBank-backed Delhivery in about three months, if a deal is concluded.
Exclusive: PolicyBazaar rejigs cap table with a $45 mn round at $2.4 bn valuationOnline insurance aggregator PolicyBazaar has executed yet another secondary share sale, its second in a little over three months, ahead of ...
SoftBank will have up to 20 IPOs a year: SonAfter a record profit of $8 billion in the December quarter, Son said, “I want to have that kind of rhythm to list 10 or 20 companies per y...
After Jio, Google sets sights on stake in Policybazaar, might spend $150 million for 10%Alphabet Inc-owned Google announced its India investment plan last month. Chief executive officer Sundar Pichai told ET that the company wa...