India, May 13 -- Fintech unicorn Moneyview is the latest new-age tech startup to join the frenetic rush to launch an initial public offering, as it looks to capitalise on the maturing Indian startup ecosystem and a boom in the IPO market.

The Tiger Global-backed startup has roped in Axis Capital, Kotak Mahindra Capital Company, among others, as bankers for its proposed IPO, seeking to raise over $400 Mn (around INR 3,411.3 Cr ), Mint reported.

Citing sources, the report suggested that the lion's share of Moneyview's proposed issue will likely be the fresh issue component. It is also expected to have an offer-for-sale component (OFS) that will see existing investors offload shares of the company.

Moneyview declined to comment on Inc42's...