EconomyFriday, 10 April 2026·The Hindu
KreditBee enters unicorn club after $280 million pre-IPO funding round
Bengaluru-based KreditBee became a unicorn in April 2026 after raising $280 million and reaching a $1.5 billion valuation.
Key highlights
Direct fact
In April 2026, Bengaluru-based fintech startup KreditBee entered the unicorn club after raising $280 million in a pre-IPO round and reaching a valuation of $1.5 billion.
Key specifics
- KreditBee’s total capital raised rose to about $540 million after the latest round.
- The company reported revenue of ₹2,700 crore and net profit of ₹473 crore for FY 25.
- Assets Under Management (AUM) reached ₹15,000 crore in FY 26, showing 44% year-on-year growth.
- The startup processes 70,000 daily loan applications with an average approval rate of 10%.
- Founded in 2018, KreditBee is headquartered in Bengaluru and focuses on digital lending.
Exam lens
Question type: Startup and economy current affairs; KreditBee, $280 million, $1.5 billion, FY 25, FY 26. TNPSC may ask which Bengaluru fintech became a unicorn and the funding amount.