PB Fintech shares fall 4% amid block deal; Tencent Cloud Europe likely seller
Tencent Cloud Europe BV was looking to sell 1.2% stake in Policybazaar’s parent at an average price of ₹1,228 per share, amounting to ₹677 crore.
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2024 Ahoy! Tread cautiously towards startup IPOs
Emerging from a period of stagnation spanning the past 12-16 months, nearly 40 new-age companies are preparing to go public or become IPO-ready by FY25.
After Paytm, SoftBank to cut stake in Policybazaar; stock rises 6%
SoftBank, which currently holds around a 10% stake in Policybazaar, is looking sell a 5% share in the company for ₹1,000 crore
Policybazaar says IT system hacked, no 'significant customer data' exposed
The identified vulnerabilities have been fixed, and a thorough audit of the systems has been initiated, says Policybazaar parent PB Fintech.
Policybazaar shares fall 12% on stake sale by CEO; down 41% against IPO price
PB Fintech shares traded 61% lower than its 52-week high of ₹1,470 touched on November 17, 2021; dropped 41% against its IPO issue price of ₹980.
Paytm effect: Policybazaar falls 8%. What should investors do?
Equity analysts are divided on Policybazaar's fall. Some say large IPOs tend to get a cold response on or soon after the listing day, while others say some profit booking has caused the fall.
Info Edge: Investing in ideas
Twenty-five years on, Info Edge, one of India’s oldest Internet companies, has four solid businesses and the power of data to help it ride the waves of change in technology and innovation.
India’s unicorn club set to expand in 2019
A host of startups—including BigBasket, Delhivery, and MobiKwik—are expected to cross the $1 billion valuation mark this year.
Unicorns: Beyond their wildest dreams
2018 belongs to unicorns in India, with eight startups achieving a valuation of $1 billion. As firms continue to attract funding from global investors, the unicorn party is far from over.
Private equity deals value falls by 39%
The deal volume, however, rose 22% to 165 transactions during the period due to increased deal activity on the Internet and computer software segments.
