KreditBee’s board approved its conversion into a public limited company through a special resolution passed on June 27, signaling IPO preparations.

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Founded in 2016, KreditBee offers credit and personal finance solutions via its NBFC arm, Krazybee Services Private Limited.

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The Reserve Bank of India has also greenlit the merger of KreditBee’s tech arm, Finnovation Tech Solutions, with its NBFC unit.

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The company raised $9.4 million recently in an extended Series D round, pushing total Series D funding to $209 million with a $700M valuation.

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This move aligns KreditBee with other NBFCs like Aye Finance, which received SEBI approval for a ₹1,450 crore IPO.

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Avanse Finance, focused on education loans, is targeting ₹3,500 crore through its upcoming IPO and has onboarded Bajaj Finserv’s ex-COO.

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The trend of startups converting to public entities continues with players like Razorpay, PhonePe, NoPaperForms, and Kissht leading the way.

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India’s public markets are seeing a surge, with startups such as Wakefit, Meesho, and Curefoods already filing for IPO approvals.

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