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PolicyBazaar’s parent swings to a loss in FY18 despite 42 pc increase in revenue
Gurugram-based PolicyBazaar's parent company ETechAces Marketing and Consulting swung to a loss of Rs 59 crore for FY18 as against a profit of Rs 7.31 crore in the previous fiscal.
Recent unicorn PolicyBazaar’s parent company ETechAces Marketing and Consulting swung to a consolidated loss of Rs 59.18 crore in FY18. The Gurugram-based company had reported a consolidated profit of Rs 7.31 crore last financial year.
The total income on a consolidated level of the company soared by almost 42 percent to Rs 360.33........
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