Mitul Shah & Associates

IPO checklist for FinTechs: Credibility, governance, profits over vanity growth

Fintech IPOs are now about credibility, not only exits. In an ETBFSI panel discussion, Venture Capitalist Sagar Agarvwal said, “IPO is the holy grail, moment of truth.” MobiKwik Co-founder Upasana Taku added the market has shifted from vanity growth to proven profitability and governance. Fibe Co-founder Akshay Mehrotra described fintech as “sizable and impactful,” emphasising […]

IIFL Home Finance gets funding from Asian Infrastructure Investment Bank

IIFL Home Finance, backed by ADIA, has secured a $100 million loan from AIIB to boost affordable housing in India. The funds will be used for lending to economically weaker sections and developers of low-cost apartments, promoting green building practices. This five-year loan, with an 8.

The rise of private credit

Private credit caters to companies that don’t qualify for regular bank loans. Some banks and financial firms have created dedicated private credit arms for this purpose. Firms like Kotak and InCred raise money from high-net-worth individuals (HNIs) and family offices and lend it to mid-market businesses.