Foxhog CEO Tarun Poddar Addresses National Media on Company’s Transition to Public Status
New Delhi, May 14, 2025 – In a significant milestone for the company, Foxhog Ventures has officially become a Public company, effective May 14, 2025, following approval from the Ministry of Corporate Affairs, Government of India.
In a press conference held earlier today, Foxhog CEO Tarun Poddar addressed members of the media, expressing heartfelt gratitude to investors, partners, stakeholders, employees, and new applicants who contributed to the company’s journey toward becoming a public entity.
“We thank everyone who believed in us,” Poddar said. “This moment marks a new chapter in our journey, and we are fully committed to continuing our mission with greater transparency, accountability, and innovation.”
The company’s Credit Team in India confirmed that Foxhog is preparing to submit its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) in June, with plans to list on the stock exchange within 4 to 6 months, subject to regulatory approvals. Foxhog aims to raise INR 350 crore through its upcoming Initial Public Offering (IPO).
As part of its post-IPO strategy, Foxhog announced several key initiatives:
- Promoting Local Funding – A strategic move to reduce dependency on FDI and minimize timelines and associated costs and documentation.
- Strengthening Digital Lending – Additional capital will be directed toward Foxhog’s lending platform, FINKO, aimed at increasing access to finance in rural India.
- Investing in Idea-Based Startups – Supporting early-stage ventures that focus on innovation and problem-solving.
- Launching Incubation Centres – Creating grant-based entrepreneurship programs for college students across the country.
- Promoting Local Funding in the United Kingdom, Singapore and Germany
Additionally, Foxhog is actively pursuing a commercial banking license, positioning itself to expand further into the financial services ecosystem. The company sees this as a core part of its long-term vision for India.
With its bold vision and forward-looking initiatives, Foxhog is set to play a transformative role in India’s financial and startup landscape.
