Stories
Moneyview IPO Launches September 24: Accel, Tiger Global-backed Platform Seeks Rs 750 Crore
- •Digital lending platform Moneyview, backed by Accel and Tiger Global, is set to launch its IPO on September 24, with a fresh issue of Rs 750 crore.
- •The IPO includes an offer-for-sale (OFS) of up to 10.04 crore equity shares by promoters and investors, including Accel, Tiger Global Management, and Ribbit Capital.
- •Moneyview has reduced its fresh issue size from an initial Rs 1,500 crore and OFS from 13.6 crore equity shares, as per the latest RHP filing.
- •The company, which connects users with financial institutions, reported a significant profit increase to Rs 173.8 crore in Q1 FY27 and revenue growth of 50.2% to Rs 1,041.1 crore.
- •Proceeds from the fresh issue will be used for investments in loan disbursals under default loss guarantee arrangements and to augment the capital base of its subsidiary Whizdm Finance.
Key Questions Answered
The Moneyview initial public offering will open on September 24 and close on September 28, with a fresh issue size of Rs 750 crore. Additionally, promoters and existing investors will offer up to 10.04 crore equity shares through an offer-for-sale.
The selling shareholders in the offer-for-sale include founders and promoters Puneet Agarwal and Sanjay Aggarwal, along with key backers such as Accel, Tiger Global Management, Ribbit Capital, DI Investment, and Crimson Winter. As of September 2026, Accel holds the largest stake at 21.89 percent.
Moneyview plans to use Rs 325 crore of the net fresh issue proceeds to drive growth in loan disbursals under default loss guarantee arrangements, and Rs 250 crore to augment the capital base of its subsidiary Whizdm Finance. The remaining funds will be allocated for general corporate purposes.
