loading
loading
Fintech unicorn Moneyview has trimmed the size of its initial public offering (IPO) significantly a couple of months after the markets regulator SEBI greenlit the issue. In a public announcement today, the company announced that it has halved the fresh issue component of the IPO to ₹750 Cr, from the initially proposed ₹1,500 Cr and trimmed the offer for sale (OFS) component to 10.04 Cr equity shares from 13.6 Cr. As per the new announcement, investors Tiger Global, Accel, Crimson Winter, Ribbit Capital, NLI Strategic Venture Investment (a VC fund co-managed by Nippon Life Global Investors Americas and Transpose Platform Management)and Transpose Platform Management have trimmed the number of shares they intend to offload. Cofounders Puneet Agarwal and Sanjay Aggarwal have not changed their OFS portions, along with Agarwal’s wife Chitra Agarwal, who is selling 19.35 lakh shares via the OFS. As per the revised IPO size, ₹325 Cr of the net proceeds will be used to drive growth in loan disbursals under default loss guarantee (DLG) arrangements and ₹250 Cr will be infused in NBFC subsidiary Whizdm Finance Pvt Ltd to augment its capital base. The remainder will be used for general corporate purposes. The company didn’t disclose the reason for it trimming its IPO size or the timeline for the opening of the issue. Accel is the largest stakeholder in Moneyview, with a 21.9% stake. The investor deployed capital via two separate funds — Accel India IV and Accel Growth IV. Tiger Global holds a 13.79% pre-offer stake in Moneyview, which accounts for 21.2 Cr equity shares. Meanwhile, US-based Ribbit Capital currently holds 15.7 Cr shares in the fintech giant, which represents 10.2% stake in the company. Founded in 2014, Moneyview runs a digital-first lending platform that provides unsecured personal loans to underserved and new-to-credit customers. It partners with banks and NBFCs to originate loans through its app and website, while also lending from its own NBFC arm, Whizdm Finance. Moneyview has raised over $250 Mn in funding to date. It entered the unicorn club in 2024 after raising a $4.6 Mn funding round that valued it at over $1 Bn amid a broader surge in investor interest in India’s digital lending and fintech space. In FY25, the company reported a revenue of ₹2,379 Cr and a net profit of ₹240 Cr. For the nine months ended December 31, 2025, it posted a revenue of ₹2,409 Cr and a net profit of ₹245 Cr, exceeding its full-year FY25 numbers. Moneyview’s assets under management (AUM) stood at ₹19,814 Cr as of December 31, 2025. The startup is yet to report its FY26 numbers.
document fetched 2026-09-15 02:52 · canonical https://inc42.com/buzz/moneyview-cuts-ipo-size-after-sebi-nod-halves-fresh-issue-component-to-%e2%82%b9750-cr