Amount Raised
₹750 Million
Round Type
Debt Financing
AhmedabadFinancial ServicesFinanceFintechDescription
Fintech company Lendingkart on Saturday announced it has raised debt funding of Rs 75 crore from GMO LLC and Triodos Investment. The company will use the funds to originate MSME (micro, small and medium enterprises) loans across all states with credit decisions in a live environment using in-house built origination engine 'xlr8' and 'zero touch' features, according to a statement.
Quick answer
Lendingkart raised ₹750 Million in a Debt Financing round, dated July 2, 2022. Lendingkart is based in Ahmedabad, Gujarat, India.
- How much did Lendingkart raise?
- Lendingkart raised ₹750 Million in a Debt Financing round on July 2, 2022.
- What does Lendingkart do?
- 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.
- Where is Lendingkart based and how big is it?
- Lendingkart is based in Ahmedabad, Gujarat, India. Fundz records about 500 employees.
- Who are the decision-makers at Lendingkart?
- Fundz holds 1 contact at Lendingkart. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Lendingkart that raised within 45 days of this round, from Fundz verified event records.
- Pastel raised $5.5M (Funding Round) on August 15, 2022.
- SignalPlus raised an undisclosed amount (Series A) on August 12, 2022.
- Central Payments raised $30M (Private Equity) on August 11, 2022.
- Jodo raised $15M (Funding Round) on August 9, 2022.
- Ensysce Biosciences raised $8M (Convertible Note) on August 9, 2022.
- ZSuite Technologies, Inc. raised $11M (Series A) on August 5, 2022.
Who to call at Lendingkart, and when
A new round usually means Lendingkart is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Lendingkart raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Lendingkart, from your own LinkedIn network
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Fundz sees it the moment Lendingkart raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Lendingkart raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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