India, July 1 -- Earlier this week, Pune-based Fibe filed its draft red herring prospectus (DRHP) with the market regulator SEBI. With this, Fibe has now joined a growing list of Indian startups looking to tap the public markets to unlock their next growth chapter.

Founded in 2015 as EarlySalary, Fibe offered salary advances and small-ticket personal loans to young working professionals at the outset. However, over the last decade, the startup has transformed itself from a single-product lending app to a diversified consumer finance platform.

Fibe has evolved beyond its roots as a personal loan platform, expanding into a wider financial ecosystem that now includes education, healthcare, insurance, travel, and even rooftop solar financin...