Lending Tech Startup Fibe Files For ₹750 Cr IPO

Lending tech startup Fibe (formerly EarlySalary) has filed its DRHP with SEBI for an IPO which will comprise a fresh issue of up to ₹750 Cr and an offer-for-sale component of over 4 Cr shares. The startup’s IPO will offer a major liquidity event to its investors. TPG will be the largest selling shareholder in the IPO, offloading up to 1.17 Cr shares via its holding entity The Rise Fund III SF Pte Ltd.