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.