Policybazaar IPO

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Online insurance marketplace Policybazaar is planning to raise $400 mn at a $4-5 billion valuation. It sells both life and general insurance policies through the web and app. The company claims to have sold over 1.1 cr insurance policies, every second term policy sold in India, 25% of outstanding life covers. It boasts 100 million visitors a year, with 6 lakh plus policies sold every month.

It reported Rs 515 cr revenue, Rs 737 cr expenses for FY 2020. The holding company of Policybazaar and Paisabazaar (financial advisory arm) PB Fintech Private Limited reported Rs 854 cr revenue, Rs 1,149 cr expenses and Rs 304 cr losses for FY 2020. Employee benefits and advertising accounted for most of the company's costs at 45% and 39% respectively.

How do I apply to the Policybazaar IPO?

You can apply for the Policybazaar IPO using any supported UPI app by following two steps:
  • Enter your bid on Console
  • Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.