Ahemdabad based India’s leading fintech platform Lendingkart raises $87 million (565 crore) from Singapore based investment firm Fullerton Financial Holdings. Fullerton Financial Holdings is a subsidiary of Temasek Holdings (Private) Limited.
Lensingkart has also signed a MoU (Memorandum of Understanding) with Fullerton India Capital, a fully owned subsidiary of Fullerton Holdings regarding creating potential initiatives to support their respective businesses.
Funding So Far-
Lendingkart has raised total $173 million (1,129 Crore) funding in debt and equity form.
Lendingkart Loan Disbursement-
The NBFC arm of group called Lendingkart Finance has disbursed over 20,000 loans in more than 950 cities helping more than 13,000 SMEs.
Lendingkart uses robust in-house technology tools based on big data analytics and machine learning algorithms to evaluate creditworthiness. Thousands of data points are used to assess factors like financial health, comparative market performance, social reliability and compliance. Once the evaluation process is completed, most of the successful loan applicants receive their loans within 72 hours.
What is Equity Funding?
As per the definition an equity funding is that where investors invests principally in stocks. It can be actively or passively (index fund) managed. Equity funds are also known as stock funds.
Equity funding are principally categorized according to company size, the investment style of the holdings in the portfolio and geography.