Policybazaar to raise up to Rs 6,500 Cr via IPO; becomes a public company
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After CarTrade, Zomato, MobiKwik and Paytm, SoftBank-backed online insurance aggregator Policybazaar is all set to go public. The Gurugram-based firm’s board has approved a fundraise of up to Rs 6,500 crore or $870 million through a public issue of shares. The company’s board has passed a special resolution to convert it from private limited to public entity and rename the company as PB Fintech Ltd, regulatory filings show.