Acquisition of Shareholding in Finnovation Tech Solutions Private Limited and KrazyBee Services Limited by Hornbill Tech Investments Limited · 22 May 2026

SUMMARY UNDER REGULATION 13 (2) OF THE COMPETITION COMMISSION OF INDIA (COMBINATIONS), REGULATIONS, 2024

I. Parties to the Proposed Transaction

1. The parties to the Proposed Transaction (defined below) are— (a) Hornbill Tech Investments Limited (Acquirer) (b) Finnovation Tech Solutions Private Limited (FTSPL); and (c) KrazyBee Services Limited (KrazyBee).
2. FTSPL and KrazyBee are together referred to as Targets. The Acquirer and Target are together referred to as the Parties. II. Nature and purpose of the Proposed Transaction
3. The present notification form is filed in relation to an acquisition of certain shareholding in the Targets by the Acquirer (Proposed Transaction).
4. The Proposed Transaction is notifiable under under Section 6(4) of the Competition Act, 2002 (as amended) read with Rule 3 of the Competition (Criteria of Combination) Rules, 2024 and Regulation 5(5) of the Competition Commission of India (Combinations) Regulations, 2024. III. Products, services and businesses of the Parties to the Proposed Transaction (a) Acquirer
5. The Acquirer is an investment vehicle that manages funds with investment partnerships that have capital commitments globally from groups of leading institutional investors, independent private banks, university endowments, insurance companies, public and private pension funds, and high net worth family offices. As part of its activities, the Acquirer makes foreign direct investments in India. (b) Targets (i) KrazyBee
6. KrazyBee is registered with the Reserve Bank of India as a non-deposit taking non- banking financial company (NBFCs). (ii) FTSPL
7. FTSPL is a private limited company, incorporated in India. FTSPL primarily owns and operates a digital lending platform “KreditBee”, that facilitates loan transactions between borrowers and personal loan providers such as NBFCs and banks. IV. Purpose of the Proposed Transaction (a) For the Acquirers
8. The Proposed Transaction represents a financial investment for the Acquirer to support the Targets in scaling their operations and generate returns from such an investment. (b) For Target
9. Through the Proposed Transaction, the Targets aim to raise equity capital to strengthen its net worth and capital base. V. Relevant Market(s) in which the Parties operate
10. The activities of the Parties, their respective group entities and their affiliates do not exhibit any horizontal overlaps, vertical or complementary linkages in India.
11. Accordingly, the Proposed Transaction is notified under Section 6(4) of the Competition Act, 2002 (as amended) read with Rule 3 of the Competition (Criteria of Combination) Rules, 2024.

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