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#Policybazaar Q3 2022 Concall Highlights
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Financial Update
1. Revenues grew by 73% to ₹ 367 Cr.
2. Insurance premium grew by 68% YoY to ₹ 1,796 Cr.
3. Credit disbursals grew by 94% to ₹ 1,926 Cr.
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Financial Update
1. Revenues grew by 73% to ₹ 367 Cr.
2. Insurance premium grew by 68% YoY to ₹ 1,796 Cr.
3. Credit disbursals grew by 94% to ₹ 1,926 Cr.
4. Adjusted EBITDA for Q3 was a loss of ₹ 92
5. Existing business contribution margin was maintained at 40%
For 9M FY22 Revenues grew by 44% to ₹ 950 Cr including additional deferred revenue of 75 Cr which will be received in next 12 months.
5. Existing business contribution margin was maintained at 40%
For 9M FY22 Revenues grew by 44% to ₹ 950 Cr including additional deferred revenue of 75 Cr which will be received in next 12 months.
6. Adjusted EBITDA for 9M FY22 was a loss of ₹ 203 Cr.
7. For 9M FY22 Insurance premium grew by 38% YoY to ₹ 4,812 Cr and Credit disbursals grew by 169% to ₹ 4,416 Cr.
8. ESOP charges were ₹236 Cr for the quarter.
7. For 9M FY22 Insurance premium grew by 38% YoY to ₹ 4,812 Cr and Credit disbursals grew by 169% to ₹ 4,416 Cr.
8. ESOP charges were ₹236 Cr for the quarter.
#PolicybazaarIPO Long thread: There is monetary printing by RBI, there is lending by banks & finally there is the Indian IPO. “Foreign owned” company with ~1 Bn investment is selling “Indian” unicorn to “savvy” Indians for $ 6.2 Bn. Want to know how this printing works? Let’s go-
The basics: Rs 6017 Cr being raised by new shares (Rs 3750) & re-selling (Rs 2267). Face value Rs 2 offered at Rs ~1000 per share is one of a kind. Who decides the price? Examine the valuation ladder below.
With ~$ 150 Mn invested till 2017, we see $ 525 Mn rushes in after 2018
With ~$ 150 Mn invested till 2017, we see $ 525 Mn rushes in after 2018
So, a company valued $1 Bn in 2018 & $ 1.5 Bn in 2019 by key investors like Tencent, suddenly “needs money” in March 2021. Falcon Edge “invests” all of $ 75 Mn in March at valuation of $ 2.65 Bn.
Enter IPO bankers a couple of months later & they value the company at $ 6.2 Bn
Enter IPO bankers a couple of months later & they value the company at $ 6.2 Bn
2021 could finally be the year of India’s #TechIPOs as startups like @zomato, @delhivery, @policybazaar head for the public markets
businessinsider.in/business/start…
By @SanchDash
businessinsider.in/business/start…
By @SanchDash
@zomato @delhivery @policybazaar @SanchDash Multiple Indian startups like @zomato, @delhivery @policybazaar, @FreshworksInc, @Flipkart, @MyNykaa are reportedly eyeing the public markets in 2021.
#TechIPO #IPOs
#TechIPO #IPOs
@zomato @delhivery @policybazaar @SanchDash @FreshworksInc @Flipkart @MyNykaa India’s market regulator Securities and Exchange Board of India (SEBI) too is looking to ease norms to facilitate startup #IPOs in the country.
#TechIPO
#TechIPO
