Alteria Capital said this is its largest venture debt investment in an Indian company
Lendingkart’s other investors include Fullerton Financial Holdings, Sistema Asia Fund, Bertelsmann India Investment & Mayfield India
The new funding will go towards growing its MSME lending business
Alteria Capital, which claims to be India’s largest venture debt fund, said it has invested $11.4 Mn (INR 80 Cr) in digital lending startup Lendingkart in the form of venture debt funding.
Alteria Capital claimed that this deal represents the largest venture debt cheque ever issued to an Indian company and makes it the third time Lendingkart has raised venture debt funding.