Madhusudan Ekambaram

The offline stores are expected to come up in various towns and cities in Karnataka by the end of FY24. KreditBee will also hire industry leaders with expertise in offline lending to lead this business vertical.

PE firms increasing focus on revenue and profitability in funding evaluations: KreditBee’s Madhusudan Ekambaram

In a candid interview with Moneycontrol, KreditBee co-founder and CEO Madhusudan Ekambaram said that he intends to take the company public in three years. He also shared the rationale behind raising funds and provided an overview of the company's revenue and profit numbers.

KreditBee aims to issue over 1 million cards by March next year

Among the cardholders, 75 percent are from metros and Tier-1 cities like Bengaluru, Mumbai, Hyderabad, Pune, and Thane, and others.

KreditBee offers RuPay credit card, aims to become a neo bank in two years

The company’s Co-founder and CEO Madhusudan Ekambaram said that in the next three to five years the company hopes to grow its customer base to 10 percent of India’s population. KreditBee will soon foray into the Buy Now Pay Later (BNPL) segment, he added.