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POLICYBAZAAR 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. ...
Small & midcaps rally! Coforge, Ola Electric, FirstCry & other stocks jump up to 7%Small and midcap stocks rose sharply on Tuesday, lifting broader markets and outperforming benchmarks. Coforge led midcap gains, while Ola ...
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...
Job cuts at Freshworks; Meesho, PB Fintech Q4 earningsFreshworks announced job cuts as it ramps up AI focus. This and more in today's ETtech Top 5.
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....
Policybazaar shares jump 7% on IRDAI's license upgrade for PB Fintech's armThe insurance regulator upgraded the license of the company's wholly-owned subsidiary Policybazaar Insurance Brokers Private Limited to 'Co...
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.
A year from now, pecking order could be Policybazaar, Zomato and then Paytm: Chakri Lokapriya"Just as telecom industry pricing went through a hard phase; I hope the same is not repeated for payments industry. The future could be phe...
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 IPO subscribed 54% on Day 1PB Fintech is India’s largest online platform for insurance (PolicyBazaar) and lending (Paisabazaar).
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...
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...
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 ...
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...
SoftBank-backed Policybazaar aims for 2021 IPO in India tech’s debutPolicybazaar helps sell about a million policies a month. The aggregator lets users compare life, health, auto, travel and property policie...
SoftBank is said in talks to back insurance startup PolicyBazaarThe two sides are examining how the Japanese company can take a stake without pushing foreign investment in PolicyBazaar above 49 percent, ...