IPO Watch: Moneyview files DRHP with SEBI, Seeks INR 1,500 crore
Majority of the fund from the IPO will be deployed towards accelerating loan disbursals under default loss guarantee arrangement.
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Moneyview is the latest from the startup universe to gun for an IPO. The Bengaluru-based fintech unicorn on Wednesday filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), seeking INR 1,500 crore (approximately USD 164 million) through the IPO.
The draft prospectus reveals the proposed IPO also has an offer for sale (OFS) of up to 13.6 crore equity shares by existing shareholders. The OFS will see participation from promoter and co-founder Puneet Agarwal, along with the company’s early investors like Accel and Ribbit Capital. The company also plans a INR 300 crore pre-IPO placement.
According to Moneyview, nearly INR 650 crore from the fresh issue will be deployed towards facilitating loans through its Default Loss Guarantee (DLG) arrangements. The remaining sum will be invested in the NBFC arm, Whizdm Finance.
Founded in 2014 by Puneet and Sanjay Aggarwal, the fintech company helps facilitate instant personal loans, credit cards, and credit score tracking, primarily operating via a digital, paperless, and collateral-free model, among other services. It also has partnerships with several NBFCs to facilitate its services. The DRHP reveals the company has more than 125 million users across the country.
Moneyview’s IPO comes amid its improved revenue trajectory. According to Entrackr, the startup posted an operating revenue of INR 2,373 crore during the nine months of FY26, while its net profit was around INR 210 crore. Its EBITDA was nearly INR 712.5 crore with an EBITDA margin of 30.03%.
Moneyview became a unicorn in September 2024 following a fundraise from Accel and Nexus Ventures. The unicorn funding round coincided with its acquisition of Jify.co, a platform that helps employees access their earnings on demand.
ALSO READ: Have India’s Startup IPOs Been More Hype Than Wealth Creation?
It’s worth noting that a bunch of startups have filed for an IPO recently. The year 2025 marked a resurgence in startup IPO activity after years of muted capital markets. As many as 39 startups went public in 2025, up about 60% year-on-year from 2024, signaling a reopening of public markets to new-age companies across the consumer internet, fintech, SaaS, and EV sectors.
Collectively, companies like Lenskart, Meesho, and Groww raised close to INR 41,000 crore, signaling both investor appetite and a high volume of capital being deployed into exciting new listings.
Following the recent Fractal IPO, two of the most discussed and popular IPOs in 2026 are Zepto and Flipkart.
Moneyview is the latest from the startup universe to gun for an IPO. The Bengaluru-based fintech unicorn on Wednesday filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), seeking INR 1,500 crore (approximately USD 164 million) through the IPO.
The draft prospectus reveals the proposed IPO also has an offer for sale (OFS) of up to 13.6 crore equity shares by existing shareholders. The OFS will see participation from promoter and co-founder Puneet Agarwal, along with the company’s early investors like Accel and Ribbit Capital. The company also plans a INR 300 crore pre-IPO placement.
According to Moneyview, nearly INR 650 crore from the fresh issue will be deployed towards facilitating loans through its Default Loss Guarantee (DLG) arrangements. The remaining sum will be invested in the NBFC arm, Whizdm Finance.
