India's fintech sector reaches a new milestone as KreditBee becomes the nation's 128th unicorn, raising 280 million dollars at a 1.5 billion dollar valuation in its Series E round. Led by Motilal Oswal Alternates, Hornbill Capital, and Dragon Funds, the lending technology startup defied a challenging quarter marked by geopolitical tensions and the absence of mega deals above 100 million dollars. KreditBee's success reflects strong investor confidence in high-margin lending tech, supported by its diversified portfolio, over 20 crore registered users, and 6 crore loans disbursed. The company plans to use fresh capital to expand its lending offerings before launching its initial public offering. Meanwhile, PB Fintech faces headwinds as its CEO Tarun Mathur steps down from the insurtech arm amid stock pressure and regulatory challenges affecting its lending division.
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