New Delhi: Digital lending platform Fibe (formerly EarlySalary) has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹750 crore through an initial public offering (IPO).
The proposed public issue comprises a fresh issue of equity shares worth ₹750 crore along with an Offer for Sale (OFS) of up to 4 crore equity shares by existing shareholders, including co-founders Akshay Mehrotra and Ashish Goyal.
According to the DRHP, the company plans to utilise 75% of the net proceeds from the fresh issue to strengthen the capital base of its lending subsidiary, EarlySalary Services Private Limited (ESPL), supporting future lending growth and expanding its credit portfolio.
Founded as EarlySalary and later rebranded as Fibe, the fintech company offers AI-powered digital lending solutions across multiple segments, including personal loans, healthcare financing, education loans, insurance financing, and other consumer credit products. The platform leverages technology-driven underwriting and digital-first processes to provide faster and more accessible credit solutions.
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The IPO filing comes amid growing investor interest in India’s fintech sector, with Fibe aiming to strengthen its market position and accelerate expansion across lending categories through increased capital and technology investments.
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