Bengaluru-based digital lending startup KreditBee is actively pursuing a significant pre-initial public offering (IPO) fundraise, aiming to secure between $100 million and $120 million. Investment firms, including Hornbill Capital and the MUFG-backed Dragon Funds, are currently evaluating taking a stake in the company as part of this fundraising effort. This strategic move comes as KreditBee, a prominent player in India's fintech landscape, continues its preparations for a public listing. The company has already received approvals to convert into a public entity, a crucial step for its IPO plans. The initial public offering process for KreditBee is anticipated to commence in 2026. KreditBee has been consistently strengthening its financial position, having recently extended its Series D funding round with an additional $100 million from Advent International. This followed an $80 million fundraise in the same Series D round, which saw participation from existing investors like Premji Invest, Motilal Oswal Alternates, NewQuest Capital Partners, and Mirae Asset Ventures, alongside new investor MUFG Bank. Overall, KreditBee has raised approximately $400 million in funding to date, with its latest Series D round closing at $9.4 million on March 27, 2024, led by Motilal Oswal. The company, founded in 2017 (or 2016 by some accounts), offers instant personal loans and is expanding its financial product portfolio. Furthermore, KreditBee secured approval from the Reserve Bank of India (RBI) to merge its technology arm, Finnovation Tech Solutions, with its non-banking finance company (NBFC) unit, Krazybee Services, consolidating its operations ahead of its market debut.