Digital lending unicorn KreditBee has announced a strategic restructuring move as it prepares to go public. The company has shifted its domicile from Singapore to India, incurring a tax cost of nearly $100 million, to align itself with Indian capital markets and regulatory frameworks.
As part of this transition, KreditBee is also merging its two Indian subsidiaries—Finnovation Tech Solutions and KrazyBee Services—to streamline its business and regulatory structure ahead of its planned ₹4,100 crore ($500 million) IPO expected next year.
Financial Health: Profitability on the Rise
KreditBee’s two operating arms have posted strong financials:
- Finnovation Tech reported a 26.5% rise in profit, touching ₹126.4 crore for FY24.
- KrazyBee Services more than tripled its net profit to ₹200.3 crore in the same period.
These results reinforce KreditBee’s positioning as a rare profitable fintech with the scale and fundamentals to attract public market investors.
Pre-IPO Funding Round in the Works
Ahead of the IPO, KreditBee plans to raise $100–150 million in a pre-IPO funding round in H2 FY25. The round will provide partial exits for early investors and onboard new long-term backers aligned with the company’s post-IPO vision.
Investors and Institutional Backing
KreditBee is backed by some of the biggest names in the investment world, including:
- Advent International
- Premji Invest
- Motilal Oswal Alternates
- MUFG Bank
- TPG-backed NewQuest Capital
- Mirae Asset Ventures
These firms are expected to remain closely involved as KreditBee transitions to a publicly listed entity.
Why the Move Matters
The relocation to India is part of a growing trend among Indian-origin startups shifting base back from overseas jurisdictions. KreditBee now joins names like Groww, PhonePe, Udaan, Zepto, and Pine Labs, all of which are realigning to tap into India’s maturing public markets and capitalise on domestic investor appetite.
“This move will enable better regulatory clarity, stronger investor alignment, and direct access to India’s thriving capital markets,” noted a company spokesperson.
What’s Next?
- Formal appointment of investment bankers is expected in early 2026.
- IPO target: Raise ~$500 million via domestic listing
- Pre-IPO round: Slated for late FY25
With a profitable core business and a consolidated structure, KreditBee is positioning itself as a leading candidate among India’s next wave of public fintech players.