Finnovation Tech Solutions Pvt. Ltd., dba KreditBee, has entered the Unicorn club with a $280 million Series E fundraise led by Motilal Oswal Alternates, Hornbill Capital and Dragon Funds, with participation from existing investors.
Touchstone Partners advised lead investor Motilal Oswal Alternates and existing investor Premji Invest on this fundraise. The Firm also advised existing shareholders TPG NewQuest and Archerman Capital.
The transaction team consisted of Pranay Bagdi (Partner), Kunal Gopal (Counsel), Associates Viraj Vaidya and Eeshan Krishnatria.
Vinod Dhall (Senior Adviser), Gaurav Desai (Partner), Shruti Bhat (Counsel), Associates Juhi Hirani and Rakshit Rana advised on competition law aspects of the transaction.
Trilegal advised lead investor Hornbill Capital on this fundraise.
The transaction team consisted of Abhishek Guha (Partner), Pavana Padmakumar (Senior Associate) and Shreya Gokhale (Senior Associate).
Gauri Chabbria (Partner), Ujwala Adikay (Senior Associate), Eesha Sheth (Senior Associate) and Shreya Chaudhury (Associate) advised on competition law aspects.
Bharucha & Partners advised existing investor Advent International on this fundraise.
The transaction team consisted of Vandana Pai (Senior Partner), Swathi Girimaji (Partner), Hardik Dave (Senior Associate), Bhanusri S (Associate) and Karan Mathias (Associate).
Founded in 2018, KreditBee is an online personal loan platform that offers flexible personal loans, including loans for salaried individuals and purchase on EMI, with amounts up to ₹10 Lakhs. It primarily serves young professionals and facilitates loan transactions between borrowers and personal loan providers such as NBFCs and banks.
Upon completion of this fundraise, KreditBee will achieve ‘unicorn’ status with a valuation of ~USD 1.5 billion.
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