Moneyview opened at ₹55 on its listing day, a 60% leap over the ₹34 issue price, and sustained a 70% gain on the first day of trading. The IPO raised over ₹1,000 crore through a fresh issue and an offer for sale. Despite the OFS, Accel India retains a dominant near-70% stake in the lender, a position it has held since backing the company at the idea stage 12 years ago.
Partner Subrata Mitra confirms the strategy is shifting toward liquidity. “We prefer being in a liquid environment as opposed to continue to be a private holder,” Mitra said, explaining that the firm evaluates year-on-year expansion and bottom-line growth outpacing top-line revenue before initiating a listing. The preparation phase typically spans several quarters, ensuring the company performs well against market comparables before the window opens.
The pipeline for upcoming public offerings includes fitness platform Cult.fit, which could list before the end of the calendar year, as well as FabHotels. Internationally, Accel is anticipating a liquidity event for US-based AI startup Anthropic, having participated in its last four funding rounds. This follows strong post-listing performance from BlueStone Jewellery and Lifestyle and Rentomojo earlier this year.
On the deployment front, Accel is directing fresh capital toward artificial intelligence, deep tech, and defense tech. Mitra noted that the firm is actively advising founders to integrate AI into operations to accelerate growth. “I almost believe that any business today will at least become more efficient by the use of AI,” he added, highlighting a strategic pivot beyond the mainstay of financial services in the Indian market.