New Delhi, April 8 -- Advent-backed digital lender KreditBee has raised about $280 million in a Series E funding round, valuing the company at around $1.5 billion and marking its entry into the unicorn club.

The round, which makes KreditBee the third unicorn of 2026 and the first in the new fiscal year, was led by Motilal Oswal Alternates, Hornbill Capital, and MUFG-backed Dragon Funds, with participation from WhiteOak Capital, A.P. Moller Holding, and existing investors including Premji Invest and Advent International. The other two recently-crowned unicorns were fintech firm Juspay and AI cloud startup Neysa. KreditBee last raised a round in 2023 at $700 million in valuation.

Of the total funding, around $220 million is primary capita...