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Lendingkart Technologies Private Limited has successfully closed its Series E funding round with a total of INR 252 Crores from Fullerton Financial Holdings. This investment will enhance Lendingkart's growth prospects and technology-driven processes.

Mar 28, 20254 months ago

Amount Raised

₹2.52 Billion

Round Type

series e

AhmedabadFinanceFinancial Services

Investors

Fullerton Financial Holdings

Description

Lendingkart Technologies Private Limited, India's largest fintech company in the MSME lending space, has closed its Series E funding round with Fullerton Financial Holdings. Fullerton has infused INR 252 Crores, enabling Lendingkart to strengthen its credit underwriting and risk mitigation processes. This strategic investment allows Fullerton to acquire a majority stake in Lendingkart, enhancing the company's financial flexibility. The investment will support Lendingkart's mission to empower small businesses with better access to credit.

Company Information

Company

Lendingkart

Location

Ahmedabad, Gujarat, India

About

Lendingkart Group aims to make working capital finance available at the fingertips of entrepreneurs, so that they can focus on business instead of worrying about the gaps in their cash-flows. Lendingkart Technologies Private Limited is a fin-tech startup in the working capital space. The Company has developed technology tools based on big data analysis which facilitates lenders to evaluate borrower’s creditworthiness and provides other related services.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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