Sunday, March 3

Tag: Lendingkart funding

Lendingkart raises $40 Million in equity funding
FUNDING

Lendingkart raises $40 Million in equity funding

Lendingkart Technologies raises $40 million (about Rs 320 crore) in an equity funding round led by existing investors including Fullerton Financial Holdings Pte Ltd (FFH), Bertelsmann India Investments, Sistema Asia Fund and IndiaQuotient. The series D round comprised two tranches INR 233 crore as part of D1, and INR 86.24 crores in D2 fund-raise, according to a company statement. Lendingkart has raised over Rs 1,050 crore of equity capital from investors till date. This funding will be deployed to expand the company's lending base and further reach out to small and underserved micro and small enterprises, and to further strengthen the company's technological and analytics capabilities, the company said. "The fresh round of equity funding reaffirms the support of our investors...
Lendingkart Raises $2.95 Million from Sistema Asia Fund
FUNDING

Lendingkart Raises $2.95 Million from Sistema Asia Fund

India based Fintech company Lendingkart Technologies has raised $2.95 million in fresh equity funding from Sistema Asia Fund (SAF). With the latest infusion, the equity funding raised by Lendingkart stands at a total of USD 146 million, a statement said. The valuation of the company was not disclosed. "The latest funding round with the help of the existing partners have signaled strong support and trust in Lendingkart's vision of financial inclusion and digital accessibility for everyone," Lendingkart Technologies co-founder and Managing Director Harshvardhan Lunia said. Last week, Lendingkart Technologies had said it has received an equity funding of USD 30 million (Rs 212 crores) from Fullerton Financial Holdings, Bertelsmann India Investments, and India Quotient. In the cu...
Fintech Platform Lendingkart Raises $30 Million
FUNDING

Fintech Platform Lendingkart Raises $30 Million

India based Fintech firm Lendingkart has raised a fresh equity funding of USD 30 million led by existing investors, including Fullerton Financial Holdings Pte Ltd (FFH), Bertelsmann India Investments and India Quotient. With this funding round, the total equity raised by Lendingkart stands at USD 143 million. "The funding will be used to expand lending bases, deepen Lendingkart Group's reach to small and underserved micro-enterprises and further strengthen its technological and analytics capabilities," company said. Credit Suisse acted as the exclusive financial advisor to Lendingkart Technologies. "This equity will help us meet the growth opportunities we are seeing. Micro and small businesses represent a vibrant yet underserved segment of the Indian economy," Lendingkart Tec...