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

Bengaluru-based fintech unicorn Moneyview Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise capital through an Initial Public Offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 1,500 crore and an Offer for Sale (OFS) of up to 13.6 crore equity shares by existing shareholders. Founded in 2014 by IIT Delhi alumni Puneet Agarwal (Managing Director & CEO) and Sanjay Aggarwal (Executive Director & CTO), Moneyview has evolved into a consumer-focused, credit-led digital financial services platform catering to what it calls “Middle India.” Through the Moneyview app, users can access a comprehensive suite of financial products across four core categories — Borrow, Transact, Invest, and Protect — enabling a seamless, single-platform experience for diverse financial needs. Backed by marquee global investors including Accel, Tiger Global and Ribbit Capital, the company has established itself as one of India’s leading digital lending platforms. Live Events Moneyview stands out among new-age players for its track record of high growth and profitability. The company has been profitable since FY22 and continued to strengthen its momentum, recording a 61% year-on-year increase in Profit Before Tax (PBT) in FY25 compared to FY24. Its flagship product, digital personal loans, launched in 2017, remains a key revenue driver, with Managed AUM of Rs 19,814 crore as of December 31, 2025. In FY25, Moneyview accounted for approximately 11% of total digital unsecured personal loan sanctions and reported the highest AUM in the digital unsecured personal loan segment among unlisted peers. Reflecting this momentum, the company reported revenue of Rs 2,379 crore and a net profit of Rs 240 crore for FY25. Moneyview attributes its financial performance to its customer-first philosophy, strong technology and AI capabilities, and capital-light operating model supported by a diversified partner network. The platform delivers tailored financial products through a seamless digital experience, leveraging data, technology and innovation. It has built a user base of over 125 million, growing at a CAGR of 36.2%, with coverage across 99.55% of India’s PIN codes. Nearly 79% of its users are based in Tier 2 and beyond cities, with an average monthly income of Rs 47,000 and an average age of 32 years — reflecting its strong reach within Middle India. Moneyview’s AI-led operating model enables a fully unassisted user journey, driving scalability and cost efficiency. With over 50% of its workforce in technology and data roles, the company has built significant operating leverage. Operating expenses as a percentage of total income declined from 62.84% in FY23 to 35.19% in the nine-month period ended December 31, 2025. As of December 31, 2025, Managed AUM stood at Rs 19,814 crore, while Return on Equity (ROE) was 15.9%, reflecting improving profitability metrics. Expanding product portfolio and strong financial performance Moneyview has evolved into a full-stack digital financial services platform offering credit cards, earned wage access, home loans, loans against property, insurance, digital gold, UPI payments and bill payment services. These offerings aim to deepen customer engagement and increase lifetime value through multi-product adoption. For FY25, the company reported revenue of Rs 2,379 crore and net profit of Rs 240 crore. In the nine-month period ended December 31, 2025 (9MFY26), revenue stood at Rs 2,409 crore and net profit (before exceptional items) at Rs 245 crore — already surpassing full-year FY25 figures. IPO Details According to the DRHP, the IPO includes a fresh issue of up to Rs 1,500 crore and an OFS of up to 13.6 crore equity shares. Promoter selling shareholders include Puneet Agarwal and Sanjay Aggarwal, while promoter group selling shareholder Chitra Agarwal and investor selling shareholders such as Internet Fund III Pte. Ltd., Accel India IV (Mauritius) Limited, Accel Growth IV Holdings (Mauritius) Ltd., Crimson Winter Limited, Lok Capital IV LLC, Lok Capital Co-investment Trust, Ribbit Capital, Evolvence India Fund IV Limited, Apis Growth II (Mimosa) Pte. Ltd., NLI Strategic Venture Investment Limited, TI JPNIN India Holdco Ltd., TI Platform SMRS SMA, L.P., and DI Investment LLC will also participate in the OFS. Utilisation of IPO Proceeds The company plans to utilise: Rs 650 crore to support loan disbursals under Default Loss Guarantee (DLG) arrangements Rs 450 crore for investment in its material subsidiary, Whizdm Finance Private Limited, to strengthen its capital base The remaining proceeds for general corporate purposes The Book Running Lead Managers to the issue are Axis Capital Limited, BofA Securities India Limited, IIFL Capital Services Limited and Kotak Mahindra Capital Company Limited. The equity shares are proposed to be listed on BSE and NSE. (Disclaimer: Recommendations, suggestions, views and opinions given by experts are their own and do not represent the views of The Economic Times.) (You can now subscribe to our ETMarkets WhatsApp channel) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. 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