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Yashish Dahiya, co-founder and CEO, Policybazaar(Livemint)

Policy bazaar parent files papers for IPO

By Ravindra Sonavane, Tarush Bhalla, Mumbai/bengaluru
UPDATED ON AUG 03, 2021 05:56 AM IST
  • The IPO consists of a fresh issue of shares worth 3,750 crore and an offer for sale (OFS) of 2,267.50 crore by its existing shareholders and promoters, parent PB Fintech Ltd said.
Nykaa, founded by former investment banker Falguni Nayar, will keep the size of the public offering unchanged at between $500 million and $700 million.(File photo/ Facebook)
Nykaa, founded by former investment banker Falguni Nayar, will keep the size of the public offering unchanged at between $500 million and $700 million.(File photo/ Facebook)

Nykaa, Policybazaar to file draft papers for share sale soon

By Swaraj Singh Dhanjal , Mumbai
PUBLISHED ON JUL 09, 2021 12:04 AM IST
Online cosmetics retailer Nykaa, insurance aggregator Policybazaar and payments firm Paytm are planning to file their respective draft prospectus this month, three people aware of the plans said, requesting anonymity.
The report said that India will have at least 12 more unicorns in 2021, taking the total count to 50. The pipeline of startups with valuations of $1 billion or more remains strong with 1.5x growth since 2019, the report added.(AFP)
The report said that India will have at least 12 more unicorns in 2021, taking the total count to 50. The pipeline of startups with valuations of $1 billion or more remains strong with 1.5x growth since 2019, the report added.(AFP)

12 startups may turn unicorns in ’21: Nasscom

Hindustan Times, New Delhi | By Nandita Mathur
PUBLISHED ON JAN 08, 2021 12:28 AM IST
E-commerce major Flipkart, foodtech startup Zomato and furniture e-tailer Pepperfry are also preparing to go public.
Online furniture retailer Pepperfry says it almost broke even in August.(Hemant Mishra/Mint File Photo)
Online furniture retailer Pepperfry says it almost broke even in August.(Hemant Mishra/Mint File Photo)

Pepperfry aims for IPO next year as it nears break-even

Mint, Bengaluru | By Madhurima Nandy
PUBLISHED ON SEP 28, 2020 06:26 AM IST
Pepperfry’s IPO plans come at a time when discretionary spends across sectors, including furniture retail, have been affected by the Covid-19 lockdown and economic distress.
Swiggy has closed offices in Tier 3 and 4 cities, including Gorakhpur and Anantapur.(Hemant Mishra/Mint File Photo)
Swiggy has closed offices in Tier 3 and 4 cities, including Gorakhpur and Anantapur.(Hemant Mishra/Mint File Photo)

Startups cut back on realty to slash costs

Mint, Bengaluru | By Tarush Bhalla
UPDATED ON JUL 17, 2020 07:13 AM IST
With the fall in lending and other businesses, SoftBank-backed insurance unicorn PolicyBazaar has given up four of its 12 leased office buildings in Gurugram.
PolicyBazaar violated regulations by entering into a partnership with non-insurance entity Indian Health Organization by Aetna (IHO) for offering consultation and OPD services to new customers.(iStock)
PolicyBazaar violated regulations by entering into a partnership with non-insurance entity Indian Health Organization by Aetna (IHO) for offering consultation and OPD services to new customers.(iStock)

Insurance regulator fines PolicyBazaar Rs 1.11 crore for violating rules

livemint | By HT Correspondent
UPDATED ON AUG 29, 2019 05:31 PM IST
According to IRDAI, PolicyBazaar violated rules by entering into a partnership with the Indian Health Organization by Aetna for offering consultation and OPD services to new customers. A total of eight charges of violation of rules were filed against PolicyBazaar.
(Image: PolicyBazaar.com)
(Image: PolicyBazaar.com)

PolicyBazaar raises more than $200 million led by SoftBank Vision Fund

Press Trust of India, New Delhi | By Press Trust of India
UPDATED ON JUN 25, 2018 06:09 PM IST
Founded in 2008, PolicyBazaar’s investors include Temasek, Tiger Global Management, True North, InfoEdge (Naukri.com), Premji Invest, besides investments from other PE funds and family offices.
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