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The funding round also saw participation from existing investors Nexus Venture Partners, Titan Capital and WEH Ventures.
The round also saw participation from existing and new investors including Accel, BoldCap, Nexus Venture Partners, Premji Invest, and Unbound.
The company has fixed the price band at Rs 144-152 per share for the issue.
The IPO comprises of fresh issue of equity shares of up to Rs 660.7 crore, and an offer for sale (OFS) of up to 28.6 million equity shares by shareholders.
Eight Roads Ventures and Rainmatter Fund participated in the funding round.
In this Money & Machines edition, we write on how payments are scaling faster than the defences protecting them; and India AI ambitions looks skewed as homegrown VCs look west for conviction.
Meanwhile, fintech companies, Pine Labs and Groww, have already made their public market debut this year.
Launched in 2024, the fintech firm raised $25.5 million in seed round led by Nexus Venture Partners. Quona Capital, Saison Capital also participated in the round.
The startup will use the fresh investment to expand its team in Bengaluru and London.
The company plans to use the funds to enhance product innovation and broaden its offerings, particularly in global investment tools, AI-driven university counseling, and cross-border payment solutions.
