Digital lender Lendingkart to raise INR 100 Cr debt from InnoVen Capital

Bengaluru-based fintech startup Lendingkart , is to raise INR 100 Cr (around USD 11.7 million) in venture debt from InnoVen Capital (via InnoVen Capital India Fund) in two tranches.The fresh capital will be used for general corporate purposes including repayment of existing debt or investment in its subsidiary.Founded in 2014 by Harshvardhan Lunia, Lendingkart is a digital-only lending platform, providing unsecured business loans to small and medium enterprises (SMEs) with an average ticket size of INR 60-70K.