#PolicyBazaar shares

[kadam89priyanka]

Are Indian Fintech companies scheduled for rapid growth?

India has one of the fastest-growing markets for fintech companies. There were 6,636 fintech companies in India in 2022. Fintech refers to integrating technology to offer financial services to offer improved customer services. It is an emerging industry with excellent growth opportunities. Digitization of the service sector and technological infrastructure growth are the reasons behind the rapid growth of the fintech sector in India. The new-age industries are also great for investment purposes. 

What is Fintech?

Fintech is a combination of financial and technology. Fintech companies use innovative new technology to improve and automate the delivery of financial services to users. When Fintech emerged at the beginning of 2000, it employed back-end technology to boost the services of financial institutions. Since however, Fintech has expanded to more consumer-oriented services. Modern Fintech includes various sectors like education, financial institutions, retail banking, insurance, investments, etc. 

The Fintech industry in India now describes various monetary activities like money transfers, depositing and lending bypassing bank braces, raising funds for business startups, and managing your investments and money independently. 

 The Indian fintech segment has seen rapid growth in the past few years in terms of new Fintech companies and users. India’s digital payment landscape has become one of the fastest growing, with a CAGR of 10%. Digital payments grew at a CAGR of 10% in volume. At an expected CAGR of 20%, India’s Fintech transactions are expected to reach US$138 billion in 2023.

Future of Fintech

The Fintech adoption rate of India is far ahead of the global average of 64%. It is expected that the India Fintech market will generate US$200 billion in revenue by 2030 and have US$1 trillion as AUM. India's Fintech growth in the last few years is supported a few encouraging factors. 

There is a significant impetus from the government and relevant regulators to popularize digital transaction culture.   

A thriving VC ecosystem

Availability of affordable data and internet that promoted rapid digitization.

Demographic opportunities presented by the large population.  

The Indian Fintech demography is dominated by players like Paytm, Lendingkart, PolicyBazaar, MobiKwik, PhonePe, PayU, and others. let's now see which Fintech stocks you can buy on BSE and NSE.

Fintech stock to buy

  Paytm

One97 Communications is the parent company of Paytm, one of the first and leading Fintech platforms. Founded in 2000, Paytm is the most popular and trusted mobile payment app.

 The largest shareholders of One97 Communications are Alibaba Group, Fintech affiliate Ant Group, and Japan's Softbank. Paytm released its IPO in 2021, and investors can buy its shares on NSE and BSE. According to market experts, it is the right time to buy Paytm shares. Paytm share price has corrected by 77% since the IPO launch, improving the risk-reward for the company.

PolicyBazaar

With more than 90% of the market share in online insurance sales, PolicyBazaar is the undisputed leader in the space. They democratized the insurance policy landscape by allowing customers to compare different options. The company started in 2008 and expanded into many horizons of policy cancellation, settlement and renewal. 

Policybazaar share price has undergone a few rounds of corrections in its relatively short trading history. If you want to buy PB shares, buy it during a dip.

Final words 

The financial technology domain is an exciting space with exciting investment opportunities to interested investors, like MobiKwik, which is planning an IPO. Before in any segment, however, always research and get a holistic understanding of the risks and opportunities associated. Happy investing!

[secretstalks]

Policybazaar growth strategy and financial results

PB Fintech, the parent company of Policybazaar, reported robust financial performance for the April–June 2024 quarter. The company's revenue surged 52% year-on-year to Rs 1,010 crore, a notable increase from the previous year. Additionally, PB Fintech achieved a net profit of Rs 60 crore, reversing a loss of Rs 12 crore from the same period last year.

Despite the profit, PB Fintech opted to reinvest Rs 25 crore into its core online insurance business, aiming to enhance its capacity for growth. CEO Yashish Dahiya likened the company's growth phase to that of a child's, emphasizing the importance of not curbing growth investments. This strategic choice meant the company could have posted a higher net profit of Rs 90 crore but chose to prioritize expansion.

The company experienced a significant 61% year-on-year increase in total insurance premiums, reaching Rs 4,871 crore. This growth was primarily driven by strong performances in the health and life insurance segments. New premiums are growing at an impressive rate of 78%, double that of renewals.

However, the quarter saw a sequential revenue decline of 7.5% compared to January–March 2024, which Dahiya attributed to a seasonal uptick in health insurance purchases or renewals before the fiscal year-end.

In terms of expenses, employee benefits rose by 18% to Rs 455 crore, and advertising and promotional spending increased by 23% to Rs 245 crore. This rise in expenditure follows a period in FY24 when the company had reduced advertising costs to focus on profitability.

Policybazaar's impact is substantial, representing 15-20% of insurance claims submitted to healthcare facilities. The company plans to leverage this scale by establishing direct relationships with hospitals and is set to introduce a new product, although specifics were not disclosed. Dahiya highlighted a shift towards valuing customers based on their lifetime value, starting with their insurance premiums.

In addition to Policybazaar, PB Fintech operates Paisabazaar, a lending platform. Paisabazaar's business grew by 8% during the quarter, which was below the projected 10% growth. The platform facilitated loan disbursements of Rs 3,100 crore, marking a 25% decline from the peak of Rs 4,139 crore recorded in the previous year. Paisabazaar is focusing on improving its secured lending segment, such as home loans and loans against property, though progress has been slow.

PB Fintech also wrote off Rs 44 crore related to its investment in MyLoanCare, an NBFC previously linked with Paisabazaar. Dahiya admitted that the company had overextended by acquiring a 70% stake in MyLoanCare, suggesting that a stake of 22-35% would have been more appropriate.

Looking ahead, PB Fintech will not distribute cash to shareholders via dividends or buybacks until March 2026, despite having cash reserves exceeding Rs 5,200 crore. The company also announced the appointment of Dhruv Shringi as an independent board director. Shringi, the founder and CEO of Yatra, previously worked with Dahiya at Ebookers.

Following the earnings announcement, PB Fintech’s shares rose 8%, reaching a new 52-week high of Rs 1,552 on August 7.

READ MORE

[fastestrank]

OYO alumni have gone on to launch over 50 startups!!

here is a list of some notable startups founded by OYO alumni: - Zolostays: Founded by Abhishek Kumar and Sandeep Saxena, Zolostays is a hospitality platform that provides managed housing solutions for students and young professionals. - Nestaway: Founded by Amitava Saha and Smruti Juneja, Nestaway is a furniture rental startup offering managed housing solutions. - Stanza Living: Founded by Anindya Dutta and Vineet Kumar, Stanza Living is a student housing startup that provides fully furnished apartments with amenities like housekeeping and laundry services. - OYO Life: Founded by Ritesh Agarwal, OYO Life is a co-living startup that provides shared living spaces for young professionals. - Revv: Founded by Kunal Kumar and Karan Jain, Revv is a car rental startup that offers self-drive car rentals in multiple cities in India. - Ola Electric: Founded by Bhavish Aggarwal, Ola Electric is an electric vehicle company that manufactures and sells electric scooters and is working on developing electric cars. - Urban Company: Founded by Abhiraj Bhal, Raghav Chandra, and Varun Khaitan, Urban Company is a home services platform that provides services like cleaning, plumbing, and pest control. - MyGlamm: Founded by Darpan Sanghvi, Priyanka Gill, and Sanjaya Sehgal, MyGlamm is a beauty brand that sells cosmetics and personal care products online and through its stores. - Pepperfry: Founded by Ambareesh Murthy and Ashish Shah, Pepperfry is an online furniture and home decor marketplace. - Policybazaar: Founded by Yashish Dahiya and Alok Bansal, Policybazaar is an online insurance marketplace that allows users to compare and buy insurance policies.

launch over 50 startups!! This is just a small sample of the many startups that OYO alumni have founded. Many other successful ventures are out there, and the list continues to grow.

What could be the reason that OYO alumni have gone on to launch over 50 startups!!

There are several possible reasons why OYO alumni have launched over 50 startups: Exposure and experience: Working at OYO, a high-growth startup, would have exposed its employees to various aspects of running a business, from product development and marketing to fundraising and operations. This firsthand experience could equip them with the skills and knowledge needed to launch their ventures. Network and support: OYO has built a strong network of investors, mentors, and partners. Alumni might leverage these connections to secure funding, advice, and support for their startups. Additionally, the alumni network itself could serve as a valuable source of collaboration and support. Entrepreneurial culture: OYO's fast-paced, dynamic environment might have fostered an entrepreneurial spirit among its employees. They might have been encouraged to take risks, innovate, and think outside the box, qualities that are crucial for entrepreneurs. Industry understanding: Many OYO alumni launch startups within the hospitality or related industries. Their experience at OYO would have given them a deep understanding of the market, its challenges, and opportunities, which could be valuable assets for their businesses. Financial incentives: OYO offered ESOPs (Employee Stock Ownership Plans) to its employees, which could have provided them with financial resources to start their ventures upon leaving the company. Market opportunity: The Indian startup ecosystem is booming, with increasing access to funding and support. This favorable environment could make launching a startup more attractive to OYO alumni. It's important to note that these are just some potential reasons, and the specific motivations of each OYO alumnus who launched a startup would vary. Here are some additional points to consider: - The number of startups launched by OYO alumni is impressive, but it's worth noting that not all of them will be successful. - Launching a startup is a risky endeavor, and many factors contribute to success or failure. - While OYO's experience may have played a role in the success of some alumni startups, it's not the only factor. Overall, the high number of startups launched by OYO alumni is a testament to the company's impact on its employees and the broader Indian startup ecosystem. Read the full article

[newstime-2]

SoftBank releases PB Fintech shares worth Rs 913.75 crore

PB Fintech Limited is an insurance company, providing insurance and other financial products. The PB Fintech owns many popular brands such as Policybazaar, Paisabazaar, Pbpartners, QuickFixCars, and more. In this article, we'll talk about the recent update in the share of PB Fintech. Let's capture the details in the following paragraphs.

Why Did SoftBank Sell PB Fintech shares?

Recent news emerged about the SoftBank entity SVF Python II Cayman; SoftBank sold the share of PB Fintech, the report says that 1,14, 21,212 equity shares were sold on December 15, and the rate of shares were ₹800.05 per share, so the total amounting to ₹913.75 crore. Reportedly, the government Pension Fund and HDFC Mutual Fund bought 1.6 million and 1.15 million shares of PB Fintech, Respectively. In October 2023, PB Fintech acquired 2.54 percent of the SoftBank total shares; the 2.54 percent is equal to 1.14 crore shares, the total amounting to 871.2 crore. The PB Fintech reported its second-quarter financial result or PB Fintech disclosed the second-quarter financial result, PB Fintech mentioned the loss that has been born by the company; the significant loss is seen: down by 89 percent from the last year to ₹21 crores. Whereas the company's revenue is increasing year to year,  the revenue has reached to ₹812 crore. On December 15, PB Fintech's share went down 2.15 percent or the share of PB Fintech experienced a decline by 2.15%, PB Fintech closed at ₹791. However, if you compare from the previous year, the company's stock has increased nearly 75 percent or the share of PB Fintech has increased by 75%.  PB Fintech recorded a decline of 3 percent in shares this November, the company showed a net loss of ₹21 crores in the quarter ending in September or in the September quarter, the company disclosed a loss of ₹21 crores. This loss marked an 89 percent depletion compared to the ₹187 crore reported in the corresponding quarter in the last year. Therefore, the company's net loss has increased by 75 percent from ₹12 crore in the June quarter. However, the company has been successfully reducing losses year-to-year, which is remarking the robust growth in company revenue, and increasing margin and renewal rates during the quarters. The revenue is taking elevation, which witnessed an increase of 42 percent year-to-year; the revenue reached to ₹812 crore. The primary online revenue also signified the big elevation, it has been elevated by 46 percent year-to-year: it has reached to ₹597 crore. The company is successfully managing all operations and increasing revenue every year. The company stated that they are very happy to see the growth of the Health and term insurance business, the company witnessed 53% growth in new premiums for the 2nd quarter of FY2024, which is the highest quarter in the previous 7 quarters, along with having ₹3,475 crore of premiums for the quarter, and ARR of ₹14,000 crore.

FAQs:-

Who is the CEO of PB Fintech in 2023? The CEO of PB Fintech is Yashish Dahiya, he is also the Chairman of the company. Which brands PB Fintech owns? PB Fintech is known for PolicyBazaar where people can check and compare insurance and buy. PB Fintech also runs Paisabazaar where they offer loans, credit cards, and many financial products. Read the full article

[enterprisewired]

Online Business Success Stories from India

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India, with its vast population and rapidly growing digital infrastructure, has become a hotbed for online entrepreneurship. In recent years, numerous individuals and companies have carved out their niche in the online business landscape, achieving remarkable success. In this article, we’ll delve into some inspiring success stories from India’s online business arena, highlighting the innovation, determination, and entrepreneurial spirit that have propelled these ventures to new heights.

Here are a few inspiring online business success stories from India:

1. Flipkart: Transforming E-commerce in India

No discussion of online business success in India would be complete without mentioning Flipkart. Founded in 2007 by Sachin Bansal and Binny Bansal, this e-commerce giant started as an online bookstore. Over the years, it has evolved into one of India’s leading e-commerce platforms, offering a wide range of products from electronics and fashion to groceries and more. 

Among other success stories of online business, Flipkart’s success story is a testament to its relentless focus on customer satisfaction, innovation, and strategic partnerships. In 2018, it was acquired by Walmart, solidifying its position as a major player in India’s e-commerce market.

2. Paytm: Revolutionizing Digital Payments

Paytm’s success can be attributed to its ability to tap into India’s growing smartphone user base and the government’s push for a cashless economy. Today, Paytm is a household name, offering a wide range of financial services and online shopping opportunities to millions of Indians. The success stories of these businesses will guide you to start your own business. 

3. Zomato: Satisfying India’s Appetite for Food Delivery

Zomato, founded by Deepinder Goyal and Pankaj Chaddah in 2008, started as a restaurant discovery and review platform. Over time, it transformed into a food delivery giant, catering to the gastronomic desires of millions.

Zomato’s success story is a testament to its adaptability and commitment to customer satisfaction. It expanded its services to include online food ordering and delivery, making it a go-to platform for hungry Indians seeking convenience and variety.

4. Ola: Redefining Urban Transportation

Ola’s success lies in its ability to adapt to local needs, launch innovative services like Ola Auto and Ola Share, and maintain a strong focus on driver-partner welfare. With millions of daily rides, Ola is now an integral part of India’s urban transportation landscape.

5. Byju’s: Revolutionizing Education

Byju’s, founded by Byju Raveendran in 2008, has become synonymous with online education in India. Initially launched as a coaching platform for competitive exams, it has expanded its offerings to cover a wide range of subjects and age groups.

Byju’s success is a testament to its personalized learning approach, engaging content, and the increasing demand for online education in India. With millions of users and substantial funding, Byju’s is at the forefront of India’s ed-tech revolution.

6. Nykaa: Empowering Beauty Shoppers

Falguni Nayar’s Nykaa has revolutionized the beauty and cosmetics industry in India. Founded in 2012, Nykaa started as an online cosmetics store and has since grown into a comprehensive beauty e-commerce platform.

Like other success stories of online businesses, Nykaa’s success story is built on a deep understanding of its target audience, offering a vast product range, and a strong online presence through social media and its beauty blog. It has not only empowered women to make informed beauty choices but also introduced its own line of cosmetics and beauty products.

7. PolicyBazaar: Simplifying Insurance

PolicyBazaar’s success can be attributed to its focus on transparency, customer education, and leveraging technology to streamline the insurance-buying process. Today, it is one of India’s largest insurance marketplaces, helping millions of individuals make informed insurance decisions.

8. Dream11: Making Fantasy Sports a Reality

Harsh Jain and Bhavit Sheth founded Dream11 in 2008, at a time when fantasy sports were relatively unknown in India. Dream11’s platform allows users to create fantasy teams and compete in various sports leagues.

Dream11’s success is attributed to its innovative approach, partnerships with major sports leagues, and the increasing popularity of fantasy sports in India. It has become a household name for sports enthusiasts, and its user base continues to grow rapidly.

9. Razorpay: Streamlining Online Payments

Shashank Kumar and Harshil Mathur founded Razorpay in 2014, aiming to simplify online payments for businesses. Razorpay provides businesses with a wide range of payment solutions, including payment gateways and digital wallets.

Razorpay’s success story is built on its dedication to innovation, user-friendly interfaces, and an understanding of the evolving payment landscape in India. It has empowered countless businesses to accept online payments seamlessly.

10. Meesho: Empowering Micro-entrepreneurs

Meesho, founded by Vidit Aatrey and Sanjeev Barnwal in 2015, has created a unique platform that empowers micro-entrepreneurs, particularly women, to start and grow their businesses. Meesho enables individuals to resell products through social media and messaging apps. Among other success stories of online businesses, Meesho ranks high. 

Meesho’s success is a result of its focus on grassroots entrepreneurship, leveraging social connections, and simplifying the process of starting an online business. It has played a significant role in enabling economic independence for thousands of individuals across India.

Conclusion

These remarkable success stories from India’s online business landscape illustrate the power of innovation, resilience, and an acute understanding of market dynamics. These entrepreneurs have not only transformed their industries but have also contributed significantly to India’s digital economy.

As the digital landscape continues to evolve, it is clear that India’s online entrepreneurs will play an increasingly vital role in shaping the future of commerce, education, and technology. These success stories serve as a source of inspiration for aspiring entrepreneurs and a testament to the limitless possibilities of online business in India’s ever-expanding digital ecosystem.

Also read: 5 emerging use cases of generative AI in commerce, according to Mastercard

[newzgraphics]

Siddharth Mehta of IL&FS shares the usage of fintech in India

Fintech (financial technology) usage in India has been rapidly growing in recent years, driven by the government's push for digitization, the rise of smartphone usage, and increasing financial inclusion.

Siddharth Mehta IL&FS former director shares some of the key areas where fintech has been making an impact in India are:

Digital Payments: With the government's push for a cashless economy and the rise of mobile payments, digital payments have become a major area of fintech in India. Some of the popular digital payment platforms in India include Paytm, PhonePe, Google Pay, and WhatsApp Pay.

Online Lending: Fintech companies are using technology to simplify the lending process and make credit more accessible to individuals and small businesses. Some of the popular online lending platforms in India include Lendingkart, Capital Float, and KredX.

Insurance: Fintech companies are also leveraging technology to make insurance more accessible and affordable. Some of the popular insurance fintechs in India include PolicyBazaar, Turtlemint, and Acko.

Wealth Management: Fintech companies are also using technology to provide individuals with easy access to wealth management tools and services. Some of the popular wealth management fintechs in India include Groww, Scripbox, and Paytm Money.

Digital Banking: Fintech companies are also challenging traditional banks by offering innovative digital banking solutions. Some of the popular digital banking fintechs in India include NiYo, Open, and RazorpayX.

As per Siddharth Mehta IL&FS, former director fintech usage in India is expected to continue growing in the coming years, driven by factors such as increasing smartphone penetration, rising disposable incomes, and the government's continued push for digitization.

[techinfioo]

Fintech revolution in India: Siddharth Mehta of IL&FS

India has experienced a significant fintech revolution in recent years, driven by a combination of factors such as the government's push towards digital payments, increasing smartphone adoption, and a large unbanked population says Siddharth Mehta IL&FS former director.

Here are some of the ways in which fintech is transforming the Indian financial sector:

Computerized installments: India has seen a gigantic flood in advanced installments lately, with organizations like Paytm, PhonePe, and Google Pay driving the way. This has been driven by government drives like demonetization and the execution of the Brought together Installments Connection point (UPI) framework, which has made it simpler and less expensive to make advanced exchanges.

Internet loaning: Fintech stages like Lendingkart, Capital Float, and KredX are giving creative loaning answers for private companies and people who are underserved by customary monetary organizations. These stages utilize elective information sources and AI calculations to survey reliability and give advances rapidly and productively.

Advanced banking: Computerized banks like Paytm Installments Bank, Airtel Installments Bank, and Fino Installments Bank are utilizing innovation to give banking administrations to underserved populaces. These banks commonly have no actual branches and work altogether through versatile applications, making it simple for individuals to get to banking administrations from their cell phones.

Venture stages: Fintech organizations like Groww, Zerodha, and Paytm Cash are giving web-based speculation stages that are making it simpler and more reasonable for individuals to put resources into stocks, shared reserves, and other monetary instruments.

Insurtech: Fintech organizations like PolicyBazaar, Coverfox, and Acko are disturbing the insurance business by giving internet based stages to buying and overseeing protection contracts.

[762175]

PolicyBazaar hits over 5-month high; surges 30% thus far in February

Shares of PB Fintech, the parent company of Policybazaar, hit an over five-month high of Rs 559, as they rallied 7 per cent on the BSE in Friday’s intra-day trade amid heavy volumes. The stock of fintech company was trading at its highest level since September 13, 2022. Policybazaar quoted higher for the fifth straight day, surging 15 per cent during the period. In comparison, the S&P BSE Sensex…

[business2business000]

Zomato IPO, Share allotment, GMP and listing date

Zomato IPO GMP

Zomato IPO GMP First sale of stock, was oversubscribed in excess of multiple times on the last day of the contribution which was driven by serious areas of strength for a from the Qatar Islamic Bank and retail class.

It was opened from 14 to 16 July. On the third day which was additionally the day of Zomato Initial public offering, It got offers for 29.04 billion offers for an underlying public with a contribution size of 719.23 million.

The QIB-Qualified Institutional Purchaser class was bought in multiple times, and the Retail classification was bought in multiple times. Non-institutional financial backers are 34.80 times higher than workers, 62%.

As per market spectators, Zomato's Dark Market Premium (GMP) has chipped away at everything considered in the ₹16-18 domain. The dim market is an informal stage, where exchanging begins after the statement of the Initial public offering cost range until the Initial public offering shares are recorded.

The issue comprises of a Rs 375 million proposal to sell by the organization's most memorable financial backer, Data Edge, and a new ₹9000 crore issue. Interface Intime India Pvt Ltd. is the enlistment center for Zomato's Initial public offering and in light of the business share allotment which is probably going to be finished on Thursday i.e, July 22, Zomato shares are presumably going to be recorded multi week from now i.e July 27 on the Public Stock Trade (NSE) and the Bombay Stock Trade (BSE).)

Zomato raised ₹ 4,196 crores from a few conspicuous institutional financial backers as a component of the anchor book portion. It has apportioned 552.17 million value offers to moor financial backers for Rs 76 for each offer. The state run administrations of a few nations like Singapore, Blackrock, Goldman Sachs, and Abu Dhabi Venture Authority are a portion of the financial backers who took part in the primary book.

The outcome of Zomato IPO GMP could lean toward impending public contributions for New Age organizations like Paytm, Mobikwik, and Strategy Market. Organizations like Paytm and Mobikwik have as of late recorded their draft archives with market controllers like SEBI, Nykaa, PolicyBazaar, and others are additionally anticipated to do unexpectedly early.

For more Info - Zomato IPO, Share allotment, GMP and listing date

[indiafrontline123]

Paytm, Zomato, Nykaa, PB Fintech rise amid market volatility

The parent firm of Nykaa, FSN E-Commerce Ventures, saw a more than 3% increase in share price to Rs 155.35. Zomato increased 3% to Rs 56.15. PB Fintech, the company that runs PaisaBazaar and PolicyBazaar, increased by 2% to Rs 476.15, while One 97 Communications, the company that owns Paytm, increased by 2% to Rs 583.95.

[vision4perception]

JM Financial sees limited upside for PolicyBazaar in near-term

JM Financial sees limited upside for PolicyBazaar in near-term

MUMBAI: PolicyBazaar‘s Dalal Street debut on Monday saw it post strong listing gains, however, brokerage firm Services sees limited scope for further gains in the stock. The brokerage has initiated coverage on the online insurance broker with a “hold” rating and a price target of Rs 1,270, which implies a nearly 5 per cent downside from the current market price. The brokerage firm believes that…

[secretstalks]

Policybazaar revenue surges by 52%; the CEO says the company is ‘growing like a child’

The parent company of Policybazaar, PB Fintech, reported revenues of Rs 1,010 crore for April–June 2024, marking a 52% increase compared to the previous year. It posted a net profit of Rs 60 crore for the period, reversing a loss of Rs 12 crore from the same quarter last year.

PB Fintech, which is publicly listed, could have achieved a net profit of Rs 90 crore but chose to invest more in its core online insurance business, according to CEO Yashish Dahiya. The company has invested over Rs 25 crore to “build up capacity” for the business. “We are in a phase of growth akin to a child and do not want to optimize the input of protein,” he explained to analysts.

The total insurance premiums for the company increased by 61% year-on-year to Rs 4,871 crore, driven by strong growth in its health and life insurance segments. New premiums are growing at 78%, twice the rate of renewals.

Key expenses rose during the quarter, with employee benefits up by 18% to Rs 455 crore and spending on advertising and promotions increasing by 23% to Rs 245 crore. In FY24, PB Fintech had previously cut advertising expenses to focus on profitability.

Sequentially, compared to January–March 2024, revenues declined by 7.5% in April–June 2024. This drop is attributed to the seasonal surge in health insurance purchases or renewals before the end of the fiscal year.

Policybazaar’s customers represent 15-20% of the insurance claims submitted to hospitals and other healthcare facilities. Dahiya informed analysts that the company aims to capitalize on this scale by establishing direct relationships with hospitals and plans to introduce a new product, though details were not disclosed.

“In the past six months, I have spent over 50% of my time addressing this issue… The current healthcare model focuses on revenue per bed. We believe the future model will center around the lifetime value of the customer, starting with the insurance premium they pay,” he explained, hinting at the rationale behind the upcoming product.

Paisabazaar’s Performance: Besides Policybazaar, which contributes over 83% of the group’s revenue, PB Fintech also operates Paisabazaar, a lending platform that assists customers in securing unsecured personal loans from non-banking financial companies and obtaining credit cards, generating income from commissions and advertising.

Paisabazaar’s business grew by 8% during the quarter, falling short of the 10% growth projected in the previous earnings call. The platform facilitated loan disbursements of Rs 3,100 crore, a 25% decline from the peak of Rs 4,139 crore recorded in July–September 2023.

Paisabazaar is working to enhance its secured lending segment, which includes home loans and loans against property, but progress is slow. “We need to strategize on how to grow the business,” Dahiya commented.

A Write-Off: PB Fintech is writing off Rs 44 crore related to its investment in MyLoanCare, an NBFC previously associated with Paisabazaar.

MyLoanCare’s founder left the company earlier this year. “Looking back, we overextended by acquiring too much equity, taking a 70% stake in MyLoanCare. A more appropriate range would have been 22–35%, as exceeding 50% means it’s no longer the founder’s company,” Dahiya noted.

He also indicated that PB Fintech will not distribute cash to shareholders through dividends or buybacks until March 2026, despite having cash reserves exceeding Rs 5,200 crore.

The company announced the appointment of Dhruv Shringi as an independent board director. Shringi, founder and CEO of the travel platform Yatra, previously worked with Dahiya at the European travel firm Ebookers.

Following the results announcement, PB Fintech’s shares rose 8% to a new 52-week high of Rs 1,552 on Wednesday, August 7.

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[news60minutes]

Zomato, Paytm, Nykaa Shares Hit Lowest Levels Since Listing: 10 Points

Zomato, Paytm, Nykaa Shares Hit Lowest Levels Since Listing: 10 Points

Zomato cracked as much as 19.38 per cent to hit its all-time low of Rs 91.70. New Delhi: Shares of Zomato, Paytm parent One 97 Communications Ltd and Nykaa owner FSN E-Commerce Venture have fallen to their lowest levels since listing. Except for Paytm, both Zomato and Nykaa stocks registered massive gains despite posting weak quarterly numbers after strong listings. Paytm made a tepid debut at…

[supernews]

Policybazaar slips 4% to touch new low; stock falls 25% in last one month

Shares of PB Fintech, the parent company of Policybazaar, hit a new low of Rs 862.80, down 4 per cent on the BSE in Tuesday’s intra-day trade in an otherwise firm market. With this, the stock has fallen below its previous low of Rs 884.95 touched on Friday, January 7, 2022, exchange data showed.

In the past one month, the market price of PB Fintech dipped 25 per cent after the mandatory lock-in period for anchor investors expired on December 13, 2021. In comparison, the S&P BSE Sensex was up 3 per cent during the same period.

With today’s fall, the stock has corrected 41 per cent from its all-time high of Rs 1,470 hit on November 17, 2021. Today, it was down 12 per cent against its issue price of Rs 980 per share. PB Fintech made its stock market debut on November 15, 2021.

On Monday after market hours, PB Fintech announced that the insurance premium originated by PB Fintech group posted a 67 percent year-on-year growth at Rs 1,786 crore in the October-December 2021 quarter (Q3FY22).

For the first three quarters (April- December) of the fiscal year 2021-2022 (9MFY22) it reported an aggregate premium, including that of both new and renewal business, at Rs 4,803 crore, up 38 per cent over 9MFY21.

Read more

[mrjaveed03999]

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[doonitedin]

Nykaa, IRCTC, Zomato, Policybazaar shares may become ‘largecap’ in AMFI semi-annual rejig; check full list

AMFI releases a semi-annual list of large caps, midcaps, and smallcap stocks, which is followed by mutual fund managers when reclassifying their portfolio. (Image: REUTERS) Newly listed internet giants such as Nykaa, Policybazaar, and Zomato could be among stocks that may be classified as large-caps in the next AMFI (Association of Mutual Funds in India) semi-annual rejig. Domestic brokerage and…