PB Fintech has made investment of Rs 650 crore in Policybazaar Insurance Brokers, a wholly owned subsidiary of the Company. With the said further investment, the entire amount of Rs 650 crore as approved by the Board and communicated earlier, stands completed.As part of company’s investments, the present Investment allows Company to strengthen the financial health of Policybazaar Insurance Brokers to meet its general operating expenses and enhancing brand awareness, office presence and strategic initiatives.
The company has also made an investment of Rs 250 crore in Paisabazaar Marketing and Consulting, a wholly owned subsidiary of the Company. With the said further investment, the entire amount of Rs 250 crore as approved by the Board and communicated earlier, stands completed. As part of company’s investments, the present investment allows Paisabazaar Marketing and Consulting to meet its general operating expenses and enhancing brand awareness, office presence and strategic initiatives.
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.
