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Policybazaar Gurugram based unicorn Policybazaar's valuation is likely to surge significantly with Abu Dhabi based investment firm ADQ set to invest $70 million in the online insurance aggregator platform business, Livemint. ADQ is headed by United Arab Emirate (UAE)'s National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan who is also the brother of UAE's crown prince Sheikh Mohammed bin Zayed Al Nahyan. The investment by ADQ will value 13-years-old Etechaces Marketing and Consulting Pvt. Ltd which runs Paisabazaar at a whopping tag of about $2 billion. The company is already backed by...

ADQ considering $70 million infusion in Policybazaar parent Etechaces: Report The infusion, if it goes through, would value the 13-year-old fintech firm Etechaces at $2 billion Representative Image ADQ, Abu Dhabi’s national investment company, is looking to invest $70 million in Etechaces Marketing and Consulting – the parent of Policybazaar and Paisabazaar, ahead of Policybazaar’s planned initial public offering (IPO) this year. The infusion, if it goes through, would value the 13-year-old fintech firm Etechaces at $2 billion, sources told the Mint. Moneycontrol could not independently...

Info Edge (India) reported 22.7% decline in standalone net profit to Rs 69.87 crore on 15% fall in net sales to Rs 272.30 crore in Q3 FY21 over Q3 FY20. Billing in the third quarter was at Rs 297 crore, down by 1% as compared to the corresponding quarter in FY 2019- 20. The deferred sales revenue (amount collected in advance) as at 31 December 2020 was Rs 393.5 crore, down by 13.9% over the quarter ended 31 December 2019. Operating EBITDA declined by 35.6% to Rs 68.2 crore in Q3 December 2020 from Rs 105.9 crore in Q3 December 2019. Profit before tax in Q3 FY21 stood at Rs 87.45 crore, down b...

After a record profit of $8 billion in the December quarter, Son said, “I want to have that kind of rhythm to list 10 or 20 companies per year. So we are going to a harvesting period from SoftBank Vision Fund 1 perspective and even from Vision Fund 2 perspective we have some sort of harvesting.”

Share Via: The executive vice president, Star Sports is upbeat about the two-month-long bilateral series The Indian cricket team, which returned after beating Australia down under, will next take on world champions England at home. The series is crucial in terms of India's position in the World Test Championship. The India versus Australia series has rejuvenated interest in test cricket. Also, India will host an international cricket tournament for the first time since the nationwide COVID-induced lockdowns imposed last March. The interest around the bilateral series has helped broadcasters ...