Lendingkart Raises $30 Mn Led By Fullerton, Bertelsmann & India Quotient

Lendingkart Raises $30 Mn Led By Fullerton, Bertelsmann & India Quotient

SUMMARY

The funds will be used to expand lending bases

With this round, the total equity raised by Lendingkart stands at $143 Mn

Alteria Capital invested $11.4 Mn debt in Lendingkart recently

Ahmedabad-headquartered lending startup Lendingkart has raised $30 Mn (INR 212 Cr) in an equity funding round led by existing investors including Fullerton Financial Holdings, Bertelsmann India Investments and India Quotient.

The funds 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. Credit Suisse acted as the exclusive financial advisor to Lendingkart Technologies.

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.