💻 Technology 2h ago · Debarghya Sil

The Making Of A Lending Tech Unicorn

Inc42
Inc42 India tech
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The Making Of A Lending Tech Unicorn
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Last week, India got its 128th unicorn, as KreditBee entered the coveted club. The fintech startup raised $280 Mn in a Series E round at a valuation of $1.5 Bn, becoming the second unicorn of 2026 after Juspay.
The development stands out not just for its size but for its timing. The funding comes amid a prolonged capital squeeze in India’s startup ecosystem. As per Inc42’s Q1 report, total startup funding declined 26% YoY to $2.3 Bn in Q1 2026, with a mega deal ($100 Mn and above) drought during

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