The Week that Was: Indian Startup News Overview (7th December- 13th December)


 

Funding News: Fibe Secures $35 Million in Series F Funding Led by IFC

Startup: Fibe 

Founders:  Akshay Mehrotra and Ashish Goyal

About us: Fibe (formerly EarlySalary) is a Pune-based fintech startup redefining lending in India through a mobile-first platform and a smart risk-scoring system. The company aims to make borrowing and buy-now-pay-later options fast, simple, and accessible. Backed by a young and agile team, Fibe is building a bold fintech brand focused on innovation and customer-centric digital lending.

Founded Year: 2015

Office: Pune, Maharashtra

Sector: Financial Services

Funding Round:  Series F

Investors / Shareholders:  International Finance Corporation (IFC) Consumer lending platform Fibe has raised $35 million in its Series F funding round, led by the International Finance Corporation (IFC), part of the World Bank Group. With this round, the startup’s total equity funding now exceeds $266 million, backed by major global investors such as TPG’s The Rise Fund, Norwest Venture Partners, Eight Roads Ventures, TR Capital, Piramal Finance, and Chiratae Ventures. Website: https://fbe1.in/omHN/wgxefsc1