Moneyview Moves Toward Public Debut, Files DRHP for ₹1,500 Crore IPO

Bengaluru-based fintech unicorn Moneyview has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹1,500 crore through an initial public offering (IPO), marking a key step toward its public market debut.

The proposed IPO will comprise a fresh issue of shares, with the company planning to use the proceeds primarily to expand its business operations, strengthen its technology infrastructure, and enhance its lending capabilities.

Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview operates in the digital lending and financial services space, offering products such as personal loans, credit cards, buy-now-pay-later (BNPL) solutions, and personal finance management tools through partnerships with multiple financial institutions.

The Bengaluru-headquartered startup has raised over $230 million from investors, including Accel, Tiger Global, and Ribbit Capital, and achieved unicorn status in 2024.

Financially, the company has demonstrated strong growth. Its operating revenue surged more than 75% year-on-year to ₹1,012 crore in FY24, compared with ₹577 crore in FY23, while it reported a profit of ₹171 crore during the same period.

Moneyview’s IPO plans come amid a broader wave of fintech companies preparing to tap public markets, reflecting rising investor interest in India’s rapidly expanding digital financial services sector.