Sachin Mittal’s Fintech Cloud Valued at Rs. 1,500 Crore As Indiabulls Moves to Acquire 70% Stake
Indiabulls Limited has agreed to acquire a 70% stake in Fintech Cloud Private Limited, a platform founded by Sachin Mittal, in a deal valuing the company at Rs. 1,500 crore. The acquisition aims to leverage Fintech Cloud's technology and operations platform to scale Indiabulls' lending capabilities.
Why it matters
This deal highlights the ongoing consolidation in the Indian fintech sector and the increasing reliance of traditional lenders on specialized technology platforms for credit decisioning.
New Delhi, Delhi, India – Business Wire India
Indiabulls Limited has entered into a definitive agreement to acquire a 70% stake in Fintech Cloud Private Limited, the technology and operations platform founded by Sachin Mittal in 2021, in an all-share transaction that values the company at approximately Rs. 1,500 crore. Consideration for the deal is pegged at Rs. 1,050 crore, subject to regulatory and shareholder approvals.
Founder, Investor, Builder: A Multi-Dimensional Impact on India’s Fintech Ecosystem
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