Niyo will use the funds to expand its product offerings by adding more consumer-focused products such as credit cards, remittances, loans, etc
The planned fundraise is said to fetch the company a valuation of $500 million and is likely to be led by private equity firm Multiples.
Multiples, has made a "controlling investment" in PeopleStrong through a combination of primary and secondary investments, and sources close to the development said the deal value is around Rs 400 crore.
Herald Van Der Linde feels earnings will be downgraded soon and even though right now India is trading at fair multiples, these multiples need to come down further before India starts to look very cheap
It‘s time that private equity goes public to announce its need, significance and intentions. CNBC-TV18 showcases the importance of venture capitalist on the show IVCA 2012.