India’s fintech unicorn Moneyview Limited has formally filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a much-anticipated initial public offering (IPO), aiming to raise ₹1,500 crore via a fresh issue of equity shares and an Offer For Sale (OFS) by existing shareholders.
Key Highlights
- MoneyView files DRHP for a ₹1,500 crore IPO to deepen fintech credit products.
- Strong digital lending growth underpins fundraising push as India’s fintech market expands.
The Bengaluru-based digital lending platform — co-founded in 2014 by Puneet Agarwal (MD & CEO) and Sanjay Aggarwal (Executive Director & CTO) — is positioning the IPO as a key step in scaling its financial services business, strengthening its capital base and expanding loan disbursals across India’s vast market.
IPO Structure and Capital Use
According to the DRHP, the public offering comprises:
- A fresh issue of equity shares worth up to ₹1,500 crore.
- An Offer For Sale (OFS) of up to 13.6 crore equity shares by promoter group and investor shareholders.
Major selling shareholders include promoters Puneet Agarwal, Sanjay Aggarwal, Chitra Agarwal, along with prominent investors such as Internet Fund III Pte. Ltd., Accel India, Ribbit Capital, Apis Growth II (Mimosa) Pte. Ltd. and others.
Moneyview plans to utilise proceeds from the fresh issue to support its Default Loss Guarantee (DLG) arrangements with ₹650 crore allocated toward loan disbursements, and ₹450 crore invested in its NBFC subsidiary, Whizdm Finance Private Ltd., to bolster its capital base. The balance will be utilised for general corporate purposes.
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Strong Financial Performance and Market Footprint
Moneyview’s financials showcase sustained growth and profitability:
- Revenue: ₹2,379 crore in FY25.
- Net profit: ₹240 crore in FY25.
- 9MFY26 (ended Dec 31, 2025): Revenue of ₹2,409 crore and net profit of ₹245 crore.
- Managed Assets Under Management (AUM): ₹19,814 crore as of December 31, 2025.
The firm has maintained profitability since FY22, with its flagship digital personal loan product — launched in 2017 — continuing as a key revenue driver. It accounted for roughly 11% of total digital unsecured personal loan sanctions in FY25 among unlisted peers.
Moneyview’s user base exceeds 125 million, growing at a 36.2% CAGR, with coverage across 99.55% of India’s PIN codes and a strong presence in Tier-2 and beyond cities, where nearly 79% of users are located.
