6 Key Moments Defining PolicyBazaar’s 2023

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

Positive EBIDTA

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

Eyeing Profitability

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

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

Legal Troubles

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

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

Restructuring

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

Explore PB Fintech’s 2023 performance in detail here: