Digital lending firm Kreditbee has raised $280 million, becoming a unicorn with a $1.5 billion valuation.

Synopsis Digital lending firm Kreditbee has raised $280 million, becoming a unicorn with a $1.5 billion valuation. This funding marks their last private round before a planned public listing. The company is awaiting regulatory approval for its initial public offering. Kreditbee has expanded its offerings and is investing in new technology. Kreditbee has closed a $280 million funding round which has catapulted the Bengaluru-based digital lending startup into the unicorn club with a post-money valuation of $1.5 billion. The round is a mix of $220 million in primary capital to be infused into the firm and $60 million in secondary capital, where the cash is taken by existing investors in lieu of the shares they have sold. ET had reported on February 2 that this round was in the works. The round was led by Hornbill Capital, Japanese banking firm MUFG-backed Dragon Funds and Indian private equity investor Motilal Oswal Alternates, Kreditbee cofounder Madhusudan Ekambaram told ET. The round also saw participation from WhiteOak Capital, A.P. Moller Holding and existing investors including Premji Invest and Advent International. “This is our last private round before our planned public listing. We are hopeful that in the next two to three months the merger of our technology and NBFC (non-banking financial company) entity will be completed,” Ekambaram said. The company is awaiting the final nod from the National Company Law Tribunal before formally kicking off its initial public offering (IPO) process, he said. Kreditbee's competitors in the digital lending space Fibe, Moneyview and Kissht are all in the process of going public. Also Read: Fintechs go easy on IPO plans as war rattles stock markets In July 2025, the startup had completed its reverse-flip from Singapore to India and had secured board approval to become a public entity. Kreditbee, which primarily built its business on unsecured consumer lending, has diversified into a full-stack non-banking lender with secured products such as loans against property (LAP) and small enterprise lending. The company recently launched its own Unified Payments Interface application as well. The firm has around 50 sales offices currently which focus on secured credit products like LAP and others. “Our focus going forward would be on cross-selling products to our existing customers and we will be investing in building GenAI capabilities in our multiple business functions,” Ekambaram said. Kreditbee had last raised around $200 million in January 2023 in a round led by MUFG which valued the startup at $680 million. According to data from Tracxn, the company has raised about $256 million over multiple funding rounds since inception. The startup, founded by Ekambaram, Karthikeyan Krishnaswamy and Vivek Veda in 2016, offers loans through its non-banking finance entity Krazybee Services and around 10 partner financial entities. In 2021, the company raised funding of about $145 million through two back-to-back rounds where it gave complete exit to its Chinese investors Shunwei Capital and Xiaomi in the wake of the government tightening control over Chinese investments in Indian startups. Motilal Oswal, Premji Invest and others scooped up major stakes in the company at the time. Kreditbee recorded operating revenue of Rs 805 crore and net profit of Rs 137 crore for the quarter to December 2025. “Since we are a profitable firm, most of our investments into new technology, GenAI and others will be done through internal accruals. The raised funds will primarily go into growing the business,” Ekambaram said. Kreditbee closed 2025-26 with total disbursals of Rs 30,000 crore. Its assets under management stood at Rs 15,000 crore, with Rs 500 crore in the loan against property category, Rs 1,000 crore in small and medium enterprises lending, and the remaining in the unsecured consumer lending category. (Catch all the Technology News News, and Latest News Updates on The Economic Times.) ...more

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