PolicyBazaar plans to raise close to $870 million through its IPO at a likely valuation of $3.5 billion

PolicyBazaar plans to raise close to $870 million through its IPO at a likely valuation of $3.5 billion
Yashish Dahiya, CEO of PolicyBazaar ET
  • PB金融科技has also converted itself to a public limited company ahead of the IPO process.
  • The company received stakeholders’ approval to go public in an EGM held on July 5, 2021.
  • 据报道,该公司在此公共问题上寻求35亿美元的估值。

Online insurance marketplace PolicyBazaar’s parent company PB Fintech has converted itself to a public limited entity and is planning to raise ₹6,500 crore (around $871 million) via an initial public offering (IPO), the company’s regulatory filings have revealed.

PB金融科技has also received approval for IPO at the Extraordinary General Meeting (EGM) held on July 5. The latest details about PolicyBazaar’s ₹6,500 crore IPO was firstreportedby CNBC TV18.

PB Fintech(以前称为Etechaces Marketing and Consulting)由印度理工学院Delhi学院和印度管理学院-Ahmedab​​ad校友Yashish Dahiya,Alok Bansal和Avaneesh Nirjar于2008年创立。

PolicyBazaar, an online platform for users to purchase insurance policies, is one of the subsidiaries of PB Fintech.

Other subsidiaries of PB Fintech include online lending platform PaisaBazaar (launched in 2014) and healthtech ventureDocPrime(launched in 2018), which lets visitors book consultations with doctors or schedule a range of medical tests.

Notably, PolicyBazaar is the only entity that is going public from PB Fintech’s banner.

雷竞技客服电话迄今为止,政策巴萨尔已经筹集了约7.66亿美元。据报道,今年3月的估价为24亿美元$45 millionthrough a secondary share sale from private equity (PE) firm True North and a few other individual investors.

The company’s investors include Tiger Global Management, 软银, Tencent, Wellington Management, PremjiInvest和Falcon Edge Capital等。

According to aBloomberg20021年4月发布的报告引用了匿名消息来源,政策巴萨尔计划在今年年底之前公开公开。雷竞技客服电话同时,几份报告表明,政策巴萨尔的IPO价值超过35亿美元。雷竞技客服电话

据报道,今年2月,政策巴萨尔是雷竞技客服电话最终确定银行家for its over $540 million IPO to be listed in India. PB Fintech was said to have invited proposals from at least eight investment banks for the proposed IPO. The company is expected to dilute up to a 15% stake in the public offering.

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