Explore the latest news, in-depth reports, and executive analysis tagged with #Policybazaar.
The round also saw participation from Aranya Holdings and Naandi Ventures, while existing investors AUM Ventures and Shakti VC also invested in the startup.
Total expenses rose 9% to Rs 419 crore during the quarter from Rs 384.5 crore in the year-ago period.
The Bengaluru-based SaaS company's net profit jumped to Rs 21.92 crore in Q2 FY27 from Rs 0.29 crore in the year-ago quarter.
The Gurugram-based company's net profit increased 43% to Rs 193 crore in Q2 FY27 from Rs 135 crore in Q2 FY26.
As India's Account Aggregator ecosystem introduces standardised pricing, the question is no longer whether data should carry a fee. It is whether the value created is being shared fairly.
The other selected fund managers include Kalaari Capital, Speciale Invest, IvyCap Ventures, Ideaspring Capital and TVS Capital Funds.
The funding round was co-led by Fidelity Management & Research Company and Amplify Partners.
Unimech Aerospace and Manufacturing participated in the funding round.
The funding round also saw participation from Sharad Sanghi, Antler India, Sandeep Singhal and Paula Mariwala.
The funding round saw participation from DoorDash, Lachy Groom, Lightspeed and Humba Ventures.
Pando.ai will continue to operate as a separate brand, with its existing product and company identity.
PB Fintech stated that the advisory does not have any material financial impact on the company.
The company’s net profit increased 8.6 times to Rs 33.9 crore in Q1 FY27 from Rs 3.9 crore a year earlier.
Talking about his fund, LPs, investment strategy, Cedar Hill Capital's founder Sahil Anand said raising capital remains challenging.
Insurance premium generated through the platform grew 41% year-on-year to Rs 8,372 crore, driven by strong growth in health and protection insurance segments.
The Bengaluru-based SaaS firm posted a net loss of Rs 9.6 crore during the quarter, compared to a net profit of Rs 0.7 crore in Q1 FY26.
Succession planning is likely to remain an area that investors will watch over long term with Cult.fit IPO expected to be largely an OFS-driven liquidity event.
Concerns around Shiprocket profitability, the still-evolving nature of its emerging business, heavy dependence on vendors continue to weigh as it prepares for IPO.
