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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…
