Fibe gets Sebi approval for Rs 750 crore IPO
According to its draft red herring prospectus, Fibe’s major investors including TPG’s The Rise Fund, Norwest Venture Partners, Chiratae Ventures, Piramal Finance and Eight Roads Ventures are selling shares as part of the public offering.
Regulatory body Sebi has granted Fibe, the digital lending entrepreneur, the green light for its forthcoming IPO, valued at a maximum of Rs 750 crore. The offering will include a fresh issuance and an offer for sale by current shareholders. Major investors, including TPG's The Rise Fund and Norwest Venture Partners, will be selling shares as part of this public offering.
The company intends to utilize the fresh funds for bolstering its asset base, with Rs 562.6 crore earmarked for EarlySalary Services Pvt Ltd. This subsidiary arm, known as ESPL, will receive the capital infusion to strengthen Fibe's lending capabilities and support further lending. The remaining IPO proceeds will be allocated towards general corporate expenses.
Established in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe initially operated as a provider of small-ticket, short-duration personal loans. Over time, it has diversified its offerings to encompass longer-term, unsecured personal loans and purpose-linked financing in sectors such as healthcare, education, insurance, and other consumption-driven areas.
Fibe has successfully raised over $250 million in equity, including secondary transactions, and boasts a roster of esteemed backers, such as TPG's The Rise Fund, Norwest Venture Partners, Eight Roads Ventures, TR Capital, Piramal Finance, Chiratae Ventures, and the International Finance Corporation (IFC).
In December 2025, Fibe raised an additional $35 million from the International Finance Corporation. Prior to this, it had secured $90 million in June 2024, a mix of primary and secondary capital from TR Capital, Trifecta Capital, and Amara Partners, as well as from existing investors. This round of funding valued Fibe at more than $500 million, as reported by ET.
As of March 2026, Fibe reported operating revenues of Rs 1,584 crore and net profits of Rs 257 crore. Its assets under management amounted to Rs 8,603 crore, more than doubling its value from Rs 4,064 crore just two years prior. Personal loans constitute approximately 77% of the company's loan portfolio, while purpose-driven financing accounts for the remainder.
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