KreditBee Eyes $120M Pre-IPO Round as Fintech IPO Rush Intensifies
Overview
Lending startup KreditBee is pursuing a $100-120 million fundraising round ahead of its planned initial public offering. The move signals growing investor appetite for profitable Indian fintech firms preparing to tap public markets, potentially offering lucrative exits for early stakeholders.
Pre-IPO Funding Drive
KreditBee, a prominent Indian lending startup, is in advanced discussions to raise between $100 million and $120 million in a significant funding round. Investment firms, including Hornbill Capital and Japan’s MUFG-backed Dragon Funds, are reportedly evaluating stake acquisitions. This capital infusion is a crucial step in the company's preparations for an upcoming initial public offering (IPO).
Financial Momentum Boosts Prospects
The proposed fundraising marks KreditBee's first major capital injection since 2023. The company's financial performance provides a strong backdrop for the round; its net profit surged to ₹473 crore in fiscal year 2025, a substantial increase from ₹285 crore in FY24. Revenue also saw robust growth, climbing 40% year-on-year to ₹2,712 crore.
IPO Aspirations
This move aligns with a broader trend of profitable Indian fintechs preparing to go public. KreditBee has appointed Nomura and ICICI Securities to manage the private fundraise. The company previously merged its two India entities and paid approximately $100 million in tax to relocate its headquarters to India. Its investor base includes Advent International, Premji Invest, and MUFG Bank.
