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Fintech startup KreditBee raises $70 mn from TPG arm, Motilal Oswal

KreditBee gives out an average credit of Rs 12,000 to self employed users and Rs 25,000 to salaried people

Topics
Fintech sector

Samreen Ahmad  |  Bengaluru 



Kreditbee
Madhusudan Ekambaram, Co-Founder & CEO, KreditBee

Fintech lending platform KreditBee’s holding entity, Finnov, has raised an additional $70 million in a follow-on Series C round from TPG-backed NewQuest Capital Partners and Motilal Oswal Private Equity. The conclusion of this round has led to an exit of most of the early-stage investors including Xiaomi, Shunwei and Kunlun Capital. The holding entity had very recently raised $75 million from marquee investors Premji Invest, Mirae Asset Ventures, Alpine Capital and Arkam Ventures. With this round, the Bengaluru-based startup has so far raised approximately $200 million.

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First Published: Mon, March 22 2021. 14:22 IST

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