Paisabazaar is PB Fintech’s Achilles heel
1 month, 2 weeks ago

Paisabazaar is PB Fintech’s Achilles heel

Live Mint  

The September quarter result of PB Fintech Ltd was a mixed bag. Revenue from its core business of online insurance broking through Policybazaar.com grew 41% year-on-year to ₹624 crore. On the other hand, the core non-insurance business – Paisabazzar.com – saw revenue decline 7.14%, from ₹154 crore in Q2FY24 to Rs143 crore in Q2FY25. Healthcare bet Beyond the financials, investors were intrigued by PB Fintech’s likely investment of up to ₹840 crore for a minority stake in a healthcare company. The existing business model is asset-light, and the healthcare venture would be in PB Fintech’s accounts as a mere investment.

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Policybazaar for Business and Young Ophthalmologist Society of India Join Forces to Shield India’s Young Ophthalmologists from Litigation Risks
2 weeks, 6 days ago

Policybazaar for Business and Young Ophthalmologist Society of India Join Forces to Shield India’s Young Ophthalmologists from Litigation Risks

Live Mint  

PBFB Reports 60% Growth in Demand for Professional Indemnity Insurance Among Indian Ophthalmologists • 60% growth in lead traffic from eye specialists • 80% growth demand from specialists in general • 125% increase in policies sold Gurugram, 27 November 2024 – Policybazaar for Business, a leader in customized insurance solutions for healthcare professionals, has partnered with the Young Ophthalmologist Society …

PB Fintech shares rise 3% after posting fourth consecutive quarterly profit in Q2
1 month, 2 weeks ago

PB Fintech shares rise 3% after posting fourth consecutive quarterly profit in Q2

Live Mint  

Stock Market Today: PB Fintech, the parent company of Policy Bazaar and Paisa Bazaar, witnessed a 3.4% rise in its share price to ₹1,696 apiece in early morning trade on Wednesday, November 6. This boost came after the company announced its fourth consecutive quarterly profit on Tuesday, driven by strong growth in its new health and life insurance business. PB …

PolicyBazaar’s parent PB Fintech to form a payment aggregator subsidiary
9 months ago

PolicyBazaar’s parent PB Fintech to form a payment aggregator subsidiary

Live Mint  

PolicyBazaar’s promoter PB Fintech on Wednesday said its board has approved the incorporation of a wholly-owned subsidiary for payment aggregator business. The new subsidiary called PB Pay Private Limited would “carry on the business of payment aggregator – domestic and / or cross border or both, as may be permitted by the Reserve Bank of India, by facilitating merchants with …

Stocks to Watch: PVR INOX, PB Fintech, Hero MotoCorp, M&M Financial And Others
1 year ago

Stocks to Watch: PVR INOX, PB Fintech, Hero MotoCorp, M&M Financial And Others

News 18  

Stocks To Watch Today: Investors found optimism in the US Federal Reserve’s accommodative outlook for 2024, featuring anticipated rate cuts commencing in the upcoming year. Stocks To Watch Today On December 15 PVR INOX: According to sources, Plenty Private Group and Multiples Private Group are considering the sale of a 2.33 percent stake in the multiplex chain. The quoted offer …

PB Fintech stock sees sharp recovery, up 82% in 2023 so far
1 year, 1 month ago

PB Fintech stock sees sharp recovery, up 82% in 2023 so far

Live Mint  

New-age tech stocks have bounced back strongly from their poor show in CY22, and PB Fintech, the parent company of Policy Bazaar and Paisa Bazaar, was one such which delivered a tremendous return in CY23 after a steep drop in the previous calendar year. Particularly, its core online business segment, Health & Term Insurance, witnessed an impressive 53% YoY growth …

PB Fintech shares hit 52-week high for second consecutive day
1 year, 5 months ago

PB Fintech shares hit 52-week high for second consecutive day

Live Mint  

PB Fintech share price surged over 4% on Tuesday to hit a 52-week high of ₹731.65 apiece on the BSE, extending the rally for the second consecutive day after the company’s management shared a strong business growth plan in its first virtual meeting with analysts since listing. The parent company of Policybazaar, PB Fintech highlighted the operating efficiencies, growth in …

SoftBank to cut stake in PolicyBazaar by half
2 years ago

SoftBank to cut stake in PolicyBazaar by half

Live Mint  

Japanese conglomerate SoftBank will sell half of its stake in listed insurance aggregator PolicyBazaar, owned by PB Fintech, in a block deal on 2 December, for an amount of $130 million, according to a person aware of the development. The investment management giant will divest 5% stake, around 22 million shares, out of the total 10% stake in PolicyBazaar at …

SoftBank plans to sell 5% stake in Policybazaar via block deal tomorrow: Report
2 years ago

SoftBank plans to sell 5% stake in Policybazaar via block deal tomorrow: Report

Live Mint  

Japanese conglomerate SoftBank Group Corp is planning to sell a 5% stake in PB Fintech, the parent of online insurance marketplace Policybazaar, via a block deal on Friday, reported Reuters citing a report. From tomorrow's block deal, through which Softbank is aiming to raise ₹1,000 crore, could be at a base price of ₹440 a share, at a discount of …

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