Mitul Shah & Associates

Digital lender Kreditbee in unicorn club with $280 million at $1.5 billion valuation

Kreditbee has achieved unicorn status after raising $280 million. This funding round values the digital lending startup at $1.5 billion. The company is preparing for a public listing. It plans to complete its merger and formally begin its initial public offering process soon. Kreditbee is diversifying its lending products and investing in new technology.

India says IPO approvals valid for longer amid Middle East war

India’s markets regulator has provided a special extension for public offers. This move comes as companies deferred their share issuance plans due to the ongoing Middle East war and market volatility. The extension is valid until September 30. Companies will also receive leeway on minimum public shareholding requirements until the same date.