Startup Profile
PB Fintech (Policybazaar)
Legal entity: PB Fintech Limited
India's largest online insurance marketplace
Founders
- Yashish Dahiya
Co-founder and Group CEO of PB Fintech (Policybazaar). IIT Delhi (B.Tech, 1994) and IIM Ahmedabad (1996) alumnus with an INSEAD MBA. Previously a consultant at Bain & Co and MD at Ebookers, and founder of European insurance aggregator First Europa before co-founding Policybazaar in 2008.
- Alok Bansal
Co-founder of PB Fintech and Executive Director and CFO. Earlier worked at Mahindra Group, iGate Global Solutions and GE, and was finance director at Yashish Dahiya's first venture First Europa before co-founding Policybazaar in 2008.
- Avaneesh Nirjar
Co-founder of Policybazaar, which was established in Gurgaon in 2008 alongside Yashish Dahiya and Alok Bansal.
Funding rounds
- IPO2021-11-15₹5625.00 Cr
- Growth2020-07-01—Led by SoftBank
- Strategic2019-11-01—Led by Tencent
- Series F2018-06-01—Led by SoftBank Vision Fund
- Series E2017-10-01—Led by True North
- Series D2015-04-01—Led by Premji Invest
- Series C2014-05-01—Led by Tiger Global Management
- Series B2013-04-01—Led by Inventus Capital Partners
- Series A2011-05-01₹60.00 CrLed by Intel Capital
- Seed2008-07-01₹30.00 CrLed by Info Edge
Financials
MCA / self-reported| Fiscal year | Revenue | Profit / (Loss) | Employees |
|---|---|---|---|
| FY26 | ₹37.00 Cr | — | — |
| FY25 | ₹34.00 Cr | — | — |
| FY24 | ₹27.00 Cr | — | — |
| FY23 | ₹22.00 Cr | — | — |
| FY22 | ₹14.00 Cr | — | — |
| FY21 | ₹12.00 Cr | — | — |
| FY20 | ₹12.00 Cr | — | — |
| FY19 | ₹8.00 Cr | — | — |
| FY18 | ₹0 | — | — |
| FY16 | ₹0 | — | — |
| FY15 | ₹0 | — | — |
The full story
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Timeline
- 2025Profit jumps 5.5x in FY25 — Revenue grows about 33% to around Rs 4,977 crore and net profit rises roughly 5.5x to about Rs 353 crore, driven by the insurance broking business.
- 2024First full-year profit (FY24) — Reports its first full-year consolidated net profit of about Rs 64 crore on revenue of roughly Rs 3,438 crore, after years of losses.
- 2021-11-15IPO and listing on NSE and BSE — Parent PB Fintech Ltd raises about Rs 5,625 crore in its IPO and lists publicly on the NSE (POLICYBZR) and BSE (543390).
- 2021-06Receives direct insurance broking licence — Policybazaar transitions from an online aggregator to a licensed direct insurance broker, enabling it to advise customers and earn broking commissions.
- 2018-06Becomes a unicorn — Raises a SoftBank Vision Fund-led round (with Info Edge), crossing a $1 billion-plus valuation and entering the unicorn club.
- 2008Policybazaar founded in Gurgaon — Yashish Dahiya, Alok Bansal and Avaneesh Nirjar launch Policybazaar as an online insurance comparison website, backed by an early seed investment from Info Edge.