Lendingkart
Ahmedabad-based fintech company providing working capital loans to micro, small and medium enterprises (MSMEs), using data analytics and machine learning-based alternate-data underwriting to assess creditworthiness of small businesses often considered too risky by traditional banks.
Lendingkart: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 3 Jun 2024 | Series D | $13 Mn (Rs 108 Cr, mixed debt+equity) | Stride Ventures | source |
| 9 Aug 2019 | Series D | $30 Mn (Rs 212 Cr) | Bertelsmann India Investments Fullerton Financial Holdings India Quotient | source |
| 12 Feb 2018 | Series C | $87 Mn (Rs 565 Cr) | Fullerton Financial Holdings | source |
| 29 Jun 2016 | Series B | $32 Mn (Rs 205 Cr) | Bertelsmann India Investments Darrin Capital Management India Quotient Mayfield India Saama Capital | source |
| 8 Jul 2015 | Series A | $10 Mn | Ashvin Chadha Mayfield Fund Saama Capital Shailesh Mehta | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 8 Feb 2023 | Lendingkart | Upwards | Rs 100-120 Cr (reported estimate; deal terms not officially disclosed) | source |
| 18 Oct 2016 | Lendingkart | KountMoney | Undisclosed | source |
News on Lendingkart
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Who founded Lendingkart?
Lendingkart was founded by Harshvardhan Lunia, Mukul Sachan in 2014.
How much funding has Lendingkart raised?
Lendingkart has raised $172 Mn across 5 tracked funding round(s), most recently on 2024-06-03. Figures are compiled from cited public sources.
Who are the investors in Lendingkart?
Investors in Lendingkart include Stride Ventures, Bertelsmann India Investments, Fullerton Financial Holdings, India Quotient.
What does Lendingkart do?
Ahmedabad-based fintech company providing working capital loans to micro, small and medium enterprises (MSMEs), using data analytics and machine learning-based alternate-data underwriting to assess creditworthiness of small businesses often considered too risky by traditional banks.
Where is Lendingkart headquartered?
Lendingkart is headquartered in Ahmedabad, Gujarat, India.
What is Lendingkart's business model?
Lendingkart's core value proposition centers on Alternate-data underwriting for underserved MSMEs, Technology-led access to finance for the underserved.
How does Lendingkart make money?
Lendingkart's cited revenue streams include Interest income on loans, Financial services income, Commissions, advertising and gains on loan assignment.