Indian online insurance platform Policybazaar IPO gets SEBI nod to raise $802m

Yashish Dahiya, co-founder and CEO of Policybazaar. Photo: Mint

PB Fintech Ltd, which operates online insurance platform Policybazaar and credit comparison portal Paisabazaar, has received capital markets regulator Sebi’s approval to raise 6,017.50 crore through an initial public offer (IPO), news agency PTI reported on Tuesday

The company had filed its draft prospectus with Sebi on 2 August. According to the draft papers, the company may consider raising around 750 crore via private placement of equity shares.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter