PB Fintech, the parent of Policybazaar and Paisabazaar, has received SEBI approval for its wholly owned arm PB Marketing and Consulting to act as a stock broker for the debt segment on the NSE. The licence starts from May 8, though certification is still pending, positioning the firm against newer wealth and brokerage players as it diversifies amid scrutiny over insurance commission revenue.
Sahi, a stock broking platform founded by former Swiggy CTO Dale Vaz and ex Kotak Securities executive Manish Jain, raised $33 million in a Series B led by Accel with Elevation Capital participating. The startup plans to deepen its technology and AI stack, expand its product suite into new trading categories, and scale its user base after sharp growth in trades, active traders, and demat accounts.
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