New Delhi, March 31 -- MUMBAI: Digital payments platform Easebuzz is preparing to raise $80-100 million in a pre-initial public offering (IPO) round, as the profitable fintech looks to set a valuation benchmark ahead of a potential public listing in the next 24-36 months, according to two people familiar with the matter.

based company has appointed Avendus to manage the process, which is expected to launch mid-year and include both primary and secondary components. The round is likely to bring in a new lead investor and could value the company at a significant markup to the $200-250 million valuation it commanded in its April funding round last year, one of the people cited above said.

"The next capital raise is aimed at setting the val...