scorecardresearchPolicybazaar's parent PB Fintech says loss widens to ₹204 crore

Policybazaar's parent PB Fintech says loss widens to 204 crore

Updated: 11 Aug 2022, 07:35 AM IST
TL;DR.
The consolidated revenue from operations of PB Fintech more than doubled to 505.18 crore during the reported quarter from 237.73 crore in the June 2021 quarter.
A man looks at the website of policybazaar website at a local insurance company office in Mumbai, India, Wednesday, Aug. 10, 2022. A cybersecurity firm told the major Indian online insurance brokerage last month that critical vulnerabilities in the company’s internet-facing network could expose sensitive personal and financial data from its 11 million customers. CyberX9 followed the standard ethical-hacker playbook, giving the brokerage time to patch the flaws and inform authorities. A week later, publicly traded Policybazaar said it had been illegally breached but “no significant customer data was exposed.” (AP Photo/Rafiq Maqbool)

A man looks at the website of policybazaar website at a local insurance company office in Mumbai, India, Wednesday, Aug. 10, 2022. A cybersecurity firm told the major Indian online insurance brokerage last month that critical vulnerabilities in the company’s internet-facing network could expose sensitive personal and financial data from its 11 million customers. CyberX9 followed the standard ethical-hacker playbook, giving the brokerage time to patch the flaws and inform authorities. A week later, publicly traded Policybazaar said it had been illegally breached but “no significant customer data was exposed.” (AP Photo/Rafiq Maqbool)