PB Fintech Q3 net profit jumps 165%; plans QIP to fund inorganic expansion

PB Fintech, the parent of Policybazaar, plans to raise fresh capital to pursue inorganic growth opportunities in domestic and overseas markets through strategic investments, acquisitions and partnerships.

The company said on Monday that its board will meet on February 5 to consider raising funds via a Qualified Institutions Placement. “The proceeds of the capital raise are proposed to be utilised for pursuing the strategy to expand through inorganic opportunities,” PB Fintech said in an exchange filing.