PolicyBazaar shares drop 10% amid plans to foray into healthcare
PB Fintech extended its losing streak to four consecutive sessions on the NSE today, dropping 21% from its 52-week high of ₹1,966.5.
PB Fintech extended its losing streak to four consecutive sessions on the NSE today, dropping 21% from its 52-week high of ₹1,966.5.
Tencent Cloud Europe BV was looking to sell 1.2% stake in Policybazaar’s parent at an average price of ₹1,228 per share, amounting to ₹677 crore.
Emerging from a period of stagnation spanning the past 12-16 months, nearly 40 new-age companies are preparing to go public or become IPO-ready by FY25.
SoftBank, which currently holds around a 10% stake in Policybazaar, is looking sell a 5% share in the company for ₹1,000 crore
The identified vulnerabilities have been fixed, and a thorough audit of the systems has been initiated, says Policybazaar parent PB Fintech.
PB Fintech shares traded 61% lower than its 52-week high of ₹1,470 touched on November 17, 2021; dropped 41% against its IPO issue price of ₹980.
Equity analysts are divided on Policybazaar's fall. Some say large IPOs tend to get a cold response on or soon after the listing day, while others say some profit booking has caused the fall.
Twenty-five years on, Info Edge, one of India’s oldest Internet companies, has four solid businesses and the power of data to help it ride the waves of change in technology and innovation.
A host of startups—including BigBasket, Delhivery, and MobiKwik—are expected to cross the $1 billion valuation mark this year.
2018 belongs to unicorns in India, with eight startups achieving a valuation of $1 billion. As firms continue to attract funding from global investors, the unicorn party is far from over.