Web Story 32_Introduction
The Big Billion Days Report Card (2)

6 Key Moments Defining PolicyBazaar’s 2023

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The Big Billion Days Report Card (2)

PB Fintech reported its first adjusted EBITDA profitable quarter in Q4 FY23. 

Positive EBIDTA

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The Big Billion Days Report Card (2)

The startup also stated that it expected to turn profitable in FY24.

Eyeing Profitability

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The Big Billion Days Report Card (2)

The startup’s share price surged to INR 784 as of December 28 (Thursday) from INR 447.55 at the end of December 2022. 

Share Price Increases

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DGGI Vs Policybazaar SEBI imposing INR 1 Lakh fine on one of the subsidiaries of PB fintech Paisabazaar vs Income Tax Department

Legal Troubles

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SoftBank offloaded a 2.53% stake in PB Fintech in December. Tencent Cloud Europe B.V. offloaded its 2.09% stake in PB Fintech in May this year, bringing down its holding to 6.28%.

Block Deals

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PB Fintech appointed Sarbvir Singh as the new joint group CEO of the company.

Restructuring

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2023 Year-In-Review: PB Fintech’s 2023

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Explore PB Fintech’s 2023 performance in detail here:

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