Indian startup Lendingkart announced that it has raised $2.95 million in new funding from Sistema Asia Fund. The investment comes days after the company raised $30 million in a Series D financing round led by existing investors including Fullerton Financial Holdings, Bertelsmann India Investments and...
Indian startup Lendingkart has announced that it raised $30 million as part of a Series D financing round. Existing investors Fullerton Financial Holdings, Bertelsmann India Investments and India Quotient participated in the round. Launched five years ago, the company raised $143 million to date. This...
Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. This week alone saw two examples of those concerns in action:...
India-based SME lender Lendingkart is considering a new revenue stream that would involve working with rival lenders. Reports Friday (Dec. 16) said Lendingkart will offer its credit risk assessment technology to banks and other alt-lenders starting in 2017. According to Lendingkart Cofounder Harshvardhan Lunia, the company...
July 10, 2015
Lendingkart is on its way to helping more small businesses in India secure more capital. The New Delhi-based company recently raised $10 million, TechCrunch reported, noting that the Series A funding round was led by Saama Capital, Mayfield Fund, Shailesh Mehta and Ashvin Chadha. Lendingkart has been growing rapidly across the region, processing small loans from 50 […]
