Money View aims to raise up to INR 250 Cr by issuing redeemable NCDs on a private placement basis in one or more tranches
The lendingtech soonicorn plans to use the funds to meet its working capital requirements and other general purposes
Money View last raised $75 Mn in its Series E funding round led by Apis Partners at a valuation of $900 Mn in December 2022
Bengaluru-based lendingtech soonicorn Money View is looking to raise INR 250 Cr (around $29.8 Mn) from unidentified investors through private placement of non-convertible debentures (NCDs).
In a filing with the Ministry of Corporate Affairs, Money View said its board passed a special resolution in June to issue secured, redeemable NCDs to raise up to INR 250 Cr in one or more tranches on a private placement basis.