[What The Financials] PolicyBazaar Stuck In Losses In FY20; Ad Spending Balloons Amid 33% Higher Expenses

Thursday, 04 Feb, 5.54 pm

PolicyBazaar's insurance business reported a healthy 66% increase in revenue from INR 310.3 Cr in FY2019 to INR 515 Cr in FY2020.

On a consolidated basis, the company's expenses touched INR 1150 Cr, with advertising costs making up for 38% of it

PolicyBazaar's CEO Yashish Dahiya claimed in July 2020 that the company aims to cut down on its marketing cost and hit profitability in FY2021


Online insurance aggregator platform PolicyBazaar has reported a consolidated revenue of INR 854.7 Cr in the financial year that ended in March 2020, representing a whopping 147% spike from FY2019's INR 345.8 Cr. Despite this, the company could not avoid sliding into the red for a second straight year.