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

EntrackrEntrackr · 6d 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.

Exclusive: Fintech unicorn Moneyview to convert into public company ahead of IPO

EntrackrEntrackr · 9m ago
Exclusive: Fintech unicorn Moneyview to convert into public company ahead of IPO
Medial

Fintech unicorn Moneyview is set to convert into a public company ahead of its IPO. The company recently changed its parent company’s name from “Whizdm Innovations Private Limited” to “Moneyview Private Limited.” The board has passed a special resolution to convert the company into a public entity, renaming it “Moneyview Limited.” Moneyview aims to raise over $400 million through its IPO, having appointed Axis Capital, Kotak Mahindra, and others as banking partners. Founded in 2014, Moneyview offers loans, credit cards, BNPL, and financial management tools, partnering with over 15 institutions. It has raised over $230 million from investors such as Accel and Tiger Global. For FY24, Moneyview's revenue increased by over 75% to Rs 1,012 crore, with a profit of Rs 171 crore. Other fintech firms like Pine Labs and Razorpay are also preparing to go public.

Infra.Market files confidential DRHP with SEBI for Rs 5,000 Cr IPO

EntrackrEntrackr · 5m ago
Infra.Market files confidential DRHP with SEBI for Rs 5,000 Cr IPO
Medial

Infra.Market files confidential DRHP with SEBI for Rs 5,000 Cr IPO Building materials unicorn Infra.Market has filed a confidential Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 5,000 crore through an initial public offering (IPO), according to sources aware of the development. The proposed issue is expected to be a mix of fresh equity shares and offer-for-sale (OFS) by existing investors, in almost equal proportion. The Bengaluru-based firm has taken advantage of SEBI’s confidential filing mechanism, introduced last year, which allows companies to keep sensitive financial and strategic details under wraps until closer to listing. Infra.Market’s move comes just weeks after it raised $83 million in a Series G round led by Silverline Homes, with participation from Tiger Global, Accel, Nexus Ventures, NK Squared, and Evolvence India. Earlier in June, the Bengaluru-based company also secured $150 million in debt funding from Mars Growth Capital. On the financial front, Infra.Market reported a 23% year-on-year jump in revenue to Rs 14,530 crore in FY24, while its profit surged 2.4X to Rs 378 crore. The FY25 numbers are yet to be disclosed. The firm operates in a competitive space with OfBusiness, Zetwerk, and Moglix. OfBusiness clocked Rs 19,296 crore in revenue in FY24, while Zetwerk and Moglix posted Rs 14,436 crore and Rs 4,964 crore, respectively. By opting for the confidential filing route introduced by SEBI last year, Infra.Market joins the likes of PhonePe, Meesho, Shadowfax, PhysicsWallah, Groww, Shiprocket, boAt, and Aequs, which have kept their draft filings under wraps until closer to listing.

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

EntrackrEntrackr · 6d 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.

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