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Fintech unicorn Moneyview files DRHP with SEBI for Rs 1,500 Cr IPO

EntrackrEntrackr · 12d ago
Fintech unicorn Moneyview files DRHP with SEBI for Rs 1,500 Cr IPO
Medial

Bengaluru-based fintech lender Moneyview has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 1,500 crore through an initial public offering (IPO). According to the DRHP, the proposed IPO will comprise a fresh issue of equity shares worth Rs 1,500 crore, along with an offer for sale (OFS) of up to 13.6 crore equity shares by existing shareholders. Promoter and co-founder Puneet Agarwal will participate in the OFS alongside several early investors, including Accel, Ribbit Capital, and Apis Partners. The company is also considering a pre-IPO placement of Rs 300 crore. According to the DRHP, Axis Capital, IIFL Capital Services, BofA Securities India, and Kotak Mahindra Capital Company are the issue’s merchant bankers, while MUFG Intime India is the registrar. The company plans to utilize Rs 650 crore from the fresh issue to support loan disbursals through Default Loss Guarantee (DLG) arrangements, while Rs 450 crore will be infused into its NBFC arm, Whizdm Finance, to strengthen its capital base. The remaining proceeds will be used for general corporate purposes. Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview operates a credit-led digital financial services platform offering personal loans, credit score tracking, insurance distribution, and other financial products. The company primarily focuses on serving new-to-credit and underserved customers across India. The fintech platform claims to have built a user base of over 125 million, with a strong presence in Tier II and smaller cities. It works with more than 40 financial institutions, including banks, NBFCs, and insurers, to offer credit and other financial services. On the financial front, Moneyview has reported strong growth and profitability in recent years. The company recorded operating revenue of around Rs 2,379 crore in FY25, while net profit stood at Rs 240 crore during the same period. For the nine months ended December 2025 (9MFY26), the startup reported revenue of Rs 2,409 crore and net profit of Rs 245 crore.

Moneyview reports Rs 210 Cr profit on Rs 2,373 Cr revenue in 9M FY26

EntrackrEntrackr · 12d ago
Moneyview reports Rs 210 Cr profit on Rs 2,373 Cr revenue in 9M FY26
Medial

Moneyview reports Rs 210 Cr profit on Rs 2,373 Cr revenue in 9M FY26 Digital lending platform Moneyview has filed its DRHP with the Securities and Exchange Board of India (SEBI) for its upcoming IPO. The financial statements show that the company recorded strong numbers during the nine-month period ending December 2025. Significantly, the Bengaluru-based firm reported a profit of Rs 210 crore in the same period. Moneyview recorded operating revenue of Rs 2,373 crore during the nine months of FY26, according to its financial statement included in its draft red herring prospectus. Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview operates a credit-led digital financial services platform offering personal loans, credit score tracking, and insurance distribution. Revenue from fees and commission accounted for 35% of the income at Rs 724 crore while the company generated Rs 206 crore from interest income. Including other income, the company’s total revenue stood at Rs 2,408.5 crore in the same period. On the spending side, impairment on financial instruments accounted for 35% of the total cost at Rs 724 crore during the period. Finance cost followed at Rs 460 crore, while promotional expenses stood at Rs 315 crore. Employee benefit expenses came in at Rs 206 crore, and other expenses added Rs 368 crore. Overall, the firm’s total expenses stood at Rs 2,080 crore during the period, with an expense-to-operating revenue ratio of 0.88. Moneyview reported a net profit of Rs 210 crore during the nine-month period ending December 2025. The company’s EBITDA stood at Rs 712.5 crore with an EBITDA margin of 30.03%. On the balance sheet side, the company reported total assets of Rs 7,719 crore. The company also held Rs 835 crore in cash and bank balances while total current assets stood at Rs 5,880 crore. Moneyview’s IPO will comprise a fresh issue of equity shares worth Rs 1,500 crore, along with an offer for sale (OFS) of up to 13.6 crore equity shares by existing shareholders. The company’s co-founder Puneet Agarwal will participate in the OFS alongside several early investors including Accel, Ribbit Capital, and Apis Partners.

PhonePe pre-IPO reset: Rs 3,937 Cr founders’ secondary; Rs 1,500 Cr hit from credit card rent, RMG exits

EntrackrEntrackr · 1m ago
PhonePe pre-IPO reset: Rs 3,937 Cr founders’ secondary; Rs 1,500 Cr hit from credit card rent, RMG exits
Medial

PhonePe pre-IPO reset: Rs 3,937 Cr founders’ secondary; Rs 1,500 Cr hit from credit card rent, RMG exits As PhonePe moves closer to its public listing, its updated draft red herring prospectus (DRHP) highlights how regulatory developments and shareholder liquidity events have reshaped the company’s revenue mix over the past year. The filing shows that PhonePe has witnessed secondary share transactions worth Rs 5,771 crore since 2023. A significant portion of this came in September 2025, when co-founders Sameer Nigam and Rahul Chari undertook a secondary sale worth Rs 3,937 crore, with shares bought by General Atlantic. The transaction offered partial liquidity to the founders ahead of the IPO. Alongside these shareholder exits, PhonePe has also exited certain payment categories following regulatory intervention. According to the DRHP, the company discontinued credit card payment services for rent and related categories in September 2025 after receiving regulatory communication from the Reserve Bank of India (RBI) under the payment aggregator framework. The impact of this move is visible in the numbers. Revenue from rent and related categories stood at Rs 518 crore in the six months ended September 2025, while the segment contributed Rs 1,262 crore in FY25. During FY25, rent-related payments accounted for 8.92% of PhonePe’s total gross margins. PhonePe has also exited revenue streams linked to real money gaming (RMG) following legislative changes. As per DRHP, the company ceased generating revenue from advertising and payment gateway services associated with RMG after the enactment of the Promotion and Regulation of Online Gaming Act, 2025 on August 22, 2025. Consequently, PhonePe’s financials from October 2025 onwards exclude any contribution from the segment. RMG revenue stood at Rs 70 crore in H1 FY26, while the segment contributed Rs 245 crore in FY25. With both rent-related payments and RMG now excluded from its business, PhonePe has effectively shut down revenue streams that together contributed Rs 1,512 crore in FY25. The exit of these categories is expected to have a bearing on the company’s near-term financial performance, even as it sharpens its focus on core UPI payments and financial services in the run-up to its IPO.

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