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Finance Buddha (Finbud Financial Services Ltd), backed by ace investor Ashish Kacholia, the MS Dhoni Family Office, and Shankar V (Founder of CAMS and part of The Chennai Angels), has received in-principle approval from NSE Emerge to launch its SME IPO.
The phygital lending enabler announced the development on Wednesday, marking a key step in its plans to tap public markets.
Founded in 2012 by Vivek Bhatia, Parth Pande, and Parag Agarwal, Finance Buddha has served customers across 30+ states and union territories, covering over 19,000 pincodes. The company operates as a retail credit marketplace for individuals and small businesses and has positioned itself as a technology-enabled, high-trust platform in the lending space.
In a statement, the company said it has earned the backing of marquee investors, including Ashish Kacholia, Shankar V and the MS Dhoni Family Office, underlining confidence in its approach to retail credit.
“This milestone is more than a turning point for Finance Buddha, it is an opportunity to create lasting value for our stakeholders. As we move towards IPO, our focus will remain on financial discipline, expanding our presence across markets, and strengthening the trust we have built with our customers and partners,” said Parag Agarwal, Co-founder, Finance Buddha.
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Ghanisht Nagpal, Partner – Investment Banking at SKI Capital Services Limited, added, “Few companies in the SME IPO space can boast of such an illustrious investor set. We are pleased to support Finbud in its proposed SME IPO.”Also read: IPO-bound PhonePe’s revenue up 40%, marking strong top-line performance
Finance Buddha’s model blends an agent-led marketplace with a growing digital platform, allowing customers to compare and secure personal, business, and home loans. Its proprietary rules engine and advisory-driven approach are aimed at ensuring transparent lender matches and smooth disbursals.
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