Tiger Global-Backed Money View To Raise INR 250 Cr Debt Funding

Tiger Global-Backed Money View To Raise INR 250 Cr Debt Funding

SUMMARY

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.

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