Policybazaar files DRHP with Sebi for Rs 6,000-crore IPO

Mumbai: PB Fintech, parent entity of online marketplaces Policybazaar and Paisabazaar, has filed its draft red herring prospectus (DRHP) with markets regulator Sebi to raise Rs 6,017 crore ($809 million) through an initial public offering (IPO).

The Gurgaon-based firm is now the fifth startup after Zomato, Paytm, Mobikwik and CarTrade to initiate proceedings to debut on Indian bourses this year.