Indian fintech Pulse to acquire UK’s Nucleus for Rs 500 crore

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Mumbai-based data and Saas company Pulse has acquired UK-based Nucleus Commercial Finance, a digital originator and servicer of SME loans, at an estimated valuation of Rs 450-500 crore, said people familiar with the development.

Nucleus is currently 46% owned by Prestige Capital Fund, 35% by Pulse promoter Chirag Shah, and the remaining stake is held by employees. The acquisition comes ahead of Pulse’s planned Rs 1,000 crore IPO, planned for end of calendar year 2026, and will help scale its UK operations.

The combined entity is expected to have a…



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Indian fintech Pulse to acquire UK’s Nucleus for Rs 500 crore



Mumbai-based data and Saas company Pulse has acquired UK-based Nucleus Commercial Finance, a digital originator and servicer of SME loans, at an estimated valuation of Rs 450-500 crore, said people familiar with the development.

Nucleus is currently 46% owned by Prestige Capital Fund, 35% by Pulse promoter Chirag Shah, and the remaining stake is held by employees. The acquisition comes ahead of Pulse’s planned Rs 1,000 crore IPO, planned for end of calendar year 2026, and will help scale its UK operations.

The combined entity is expected to have a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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