Indian LendingTech KreditBee Closes Series C Round

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KreditBee, an Indian digital lending platform, has raised $70 million in a Series C follow-on round, led by TPG-backed NewQuest Capital Partners and Motilal Oswal Private Equity, bringing the total Series C round funding to $145 million. Other Series C investors include Mirae Asset Ventures, Alpine Capital, Indian business tycoon Azim Premji’s PremjiInvest, and Arkam Ventures.

Founded in 2018 by Karthikeyan Krishnaswamy, Madhusudan Ekambaram and Wan Hong, Bengaluru based KreditBee is a digital lending platform developed to assist young professionals with their personal finances.

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