Kreditbee eyes $120 million pre-IPO fundraise at unicorn valuation

Bengaluru-based Kreditbee is looking to close a $120 million (about Rs 1,000 crore) funding round, which could propel the fintech lending startup into the unicorn club.

The company is looking at a post-money valuation of $1.2 billion, according to two persons familiar with the matter.

“The pitch is that in a year or two Kreditbee will go public and at that point the company will seek a valuation of $1.5-1.7 billion in the public market,” said one of the persons, who did not wish to be identified.