What is Lendingkart?
Lendingkart is a prominent fin-tech startup established in 2014, focusing on the critical area of working capital finance for entrepreneurs. The company has developed sophisticated technology tools that leverage big data analysis to enable lenders to accurately assess borrower creditworthiness. This innovative approach facilitates access to essential financing for businesses, thereby fostering economic growth. Lendingkart's operations are central to bridging the gap in traditional lending for small and medium-sized enterprises in India.
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, Aditya Birla Financial Services, and Kotak Mahindra Bank
Private Equity (2017): $10.9M with participation from Bertelsmann India Investments, Sistema Asia Fund Pte. Ltd, Saama Capital, Mayfield India, and India Quotient
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, India Quotient, Bertelsmann India Investments, and Fullerton Financial Holdings Pte Ltd
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
Bertelsmann India Investments
Bertelsmann India Investments is a venture capital fund focused on early growth-stage tech startups across various sectors including healthtech, fintech, agritech, and edtech. With a commitment of $500 million over the next five years, BII invests between $5 million to $15 million in Series A to C funding rounds, supporting entrepreneurs in building global champions.
Mayfield India
Mayfield is a Menlo Park-based venture capital firm that raises dedicated funds to invest in early-stage technology companies, primarily at seed and Series A, backing enterprise, consumer, and infrastructure founders and partnering with them through growth and exit.
India Quotient
IndiaQuotient is an early-stage investment firm that supports disruptive startups targeting Indian consumers. The firm aims to create a robust network of startup enthusiasts and invests at various stages, even at the concept level. Its primary focus includes sectors like SaaS, B2B marketplaces, fintech, and consumer brands.
What's next for Lendingkart?
The substantial enterprise-level funding and recent strategic investment signal a new phase of growth and expansion for Lendingkart. This capital will likely be deployed to enhance its technological infrastructure, broaden its market reach, and potentially explore new financial product offerings. The company's focus on data analytics positions it well to capitalize on the increasing demand for efficient and accessible working capital solutions in emerging markets. Continued investment in its proprietary technology is expected to solidify its competitive advantage and drive further innovation in the fintech lending space.
See full Lendingkart company page
