Indel Money appoints investment banker Lincoln International to raise $30-40 million ahead of IPO
Published on: Sept. 29, 2025, 5:06 p.m. | Source: The Economic Times
Indel Money, a gold-loan NBFC, appointed Lincoln International to raise $30-40 million from PE funds. This funding supports growth initiatives and prepares the company for a public offering by FY29. The NBFC plans two equity infusions before its IPO. Indel Money aims to evolve as a financial service provider. Its asset under management grew to ₹2,700 crore in FY25.
