What is Lendingkart?
Lendingkart, established in 2014 and based in Ahmedabad, India, is a prominent fin-tech startup specializing in making working capital finance accessible to entrepreneurs. The company leverages advanced technology tools, powered by big data analysis, to enable lenders to accurately assess borrower creditworthiness and provide essential financial services. This innovative approach addresses a critical gap in the market for accessible business financing, particularly for small and medium-sized enterprises.
How much funding has Lendingkart raised?
Lendingkart has raised a total of $272.5M across 14 funding rounds:
Multiple Rounds
$37.2M
Debt
$4.7M
Series C
$87M
Private Equity
$2.8M
Series D
$72.2M
Debt
$15M
Debt
$9.5M
Other Financing Round
$2.2M
Debt (2017): $4.6M supported by Anicut Capital
Debt (2017): $7.8M featuring Yes Bank
Debt (2017): $10M backed by Tata Capital, Kotak Mahindra Bank, and Aditya Birla Financial Services
Private Equity (2017): $10.9M with participation from Bertelsmann India Investments, Mayfield India, India Quotient, Sistema Asia Fund Pte. Ltd, and Saama Capital
Debt (2017): $3.9M led by SBI
Debt (2018): $4.7M supported by Netherlands Development Finance Company
Series C (2018): $87M featuring Fullerton Financial Holdings
Private Equity (2019): $2.8M backed by Sistema Asia Fund
Series D (2020): $72.2M with participation from Sistema Asia Capital Pte Ltd, Fullerton Financial Holdings Pte Ltd, India Quotient, and Bertelsmann India Investments
Debt (2021): $15M led by FMO NV
Debt (2022): $9.5M supported by Triodos MeesPierson Sustainable Investment Management and GMO
Other Financing Round (2023): $2.2M, investors not publicly disclosed
Key Investors in Lendingkart
Triodos MeesPierson Sustainable Investment Management
Triodos Investment Management is a dedicated impact investor focused on professional investors, known for its active-only approach and commitment to sustainable investments across various asset classes.
GMO
GMO is an investment management partnership offering diverse strategies across multiple asset classes, including dedicated equity, fixed income, and absolute return offerings.
Tata Capital
Tata Capital Limited is the flagship financial services company of the Tata Group, operating as a non-banking financial company and providing a wide array of financial solutions.
What's next for Lendingkart?
With this latest strategic investment, Lendingkart is poised to further enhance its technological infrastructure and expand its market reach. The company's focus on data-driven credit assessment and its established track record in facilitating working capital finance suggest a continued emphasis on innovation and operational efficiency. Future developments are likely to involve scaling its lending platform, exploring new market segments, and potentially forging strategic partnerships to broaden its service offerings and solidify its leadership in the Indian fintech ecosystem.
See full Lendingkart company page
