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Home > Startups > Funding > Moneyview turns unicorn after fresh funding

Moneyview turns unicorn after fresh funding

The funding news comes at a time when the startup just acquired fintech start-up Jify.

Abhinav Kumar Singh
Last updated: October 22, 2024 2:11 PM
By Abhinav Kumar Singh
Moneyview turns unicorn after fresh funding
Moneyview turns unicorn after fresh funding
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Moneyview, a consumer lending platform based in Bengaluru, has achieved unicorn status following a new funding round from existing investors, Accel and Nexus Ventures.

The funding news comes at a time when the startup just acquired fintech start-up Jify.

The company issued 60,23,382 equity shares at an issue price of ₹64.15 each, raising ₹38.64 crore (approximately USD 4.65 million), according to regulatory filings from the Registrar of Companies (RoC).

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Accel India contributed ₹29 crore, while Nexus Ventures added ₹19 crore. With this ongoing round, Moneyview is likely to raise additional capital in the coming months, further strengthening its financial position.

Following this latest allotment, Moneyview’s post-valuation stands at ₹10,086 crore, or $1.2 billion, according to data from startup intelligence platform TheKredible.

Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview is backed by investors including Apis Partners, Tiger Global, Accel Partners, and Ribbit.

Moneyview had last raised $75 million at a post-money valuation of $900 million in 2022. Large investors like Tiger Global and Apis Partners had led that round.

Moneyview is one of six startups – including Krutrim, Perfios, Porter, Rapido, and Ather – that achieved unicorn status in 2024.

TAGGED:MoneyviewNexus Venture Partners

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