Moneyview files DRHP for Rs 1,500 crore IPO; Accel, Tiger Global, Apis to sell 13.6 crore shares

Accel, Tiger Global and Apis Partners-backed financial services platform Moneyview has filed Draft Red Herring Prospectus with SEBI on March 3 to raise funds via initial public offering. The IPO is a combination of fresh issuance of equity shares worth Rs 1,500 crore, and an offer-for-sale of 13.6 crore shares by existing shareholders. Promoters Puneet Agarwal, and Sanjay Aggarwal along with investors Apis Partners, Crimson Winter, Accel, Tiger Global Management, NLI Strategic Venture Investment, Ribbit Capital, and TI JPNIN India will be selling shareholders in the offer-for-sale. Accel is the largest shareholder among investors in the Bangalore-based company with 21.31 percent stake, followed by Tiger Global's Internet Fund III (13.79 percent), Ribbit Capital (10.2 percent), and Apis Growth (6.61 percent). The company may consider fund raising up to Rs 300 crore in pre-IPO round, which is a part of fresh issue component. Click Here To Read All IPO News Moneyview, a consumer-focused, digital only, credit-led financial services platform for middle India customers providing full suite of financial products, will utilise Rs 650 crore of proceeds from fresh issue to drive growth in loan disbursals under default loss guarantee (DLG) arrangements, and Rs 450 crore for augmenting its capital base in subsidiary Whizdm Finance. And the remainder funds will be used for general corporate purposes. Incorporated in 2014, Moneyview, founded by Puneet Agarwal and Sanjay Aggarwal, competes with listed peers like PB Fintech, One 97 Communications, Bajaj Finance, and SBI Cards and Payment Services, offering personal loans, insurance, credit cards, digital gold, payments, and earned wage access. The company that operates as lending service provider and being partnered with 22 regulated entities including NBFC subsidiary Whizdm Finance to provide personal loans has recorded profit of Rs 209.7 crore on revenue of Rs 2,373.3 crore for nine-month period ended December 2025. Profit in the financial year ended March 2025 stood at Rs 240.3 crore, growing 40.4 percent from Rs 171.1 crore in previous year. Revenue during the same period soared 74.3 percent to Rs 2,339.1 crore from Rs 1,342.4 crore. Axis Capital, BofA Securities India, IIFL Capital Services, and Kotak Mahindra Capital Company are appointed as the merchant bankers for managing the Moneyview IPO.