Debt financing
Lendingkart raises Rs.200-Cr from EvolutionX Debt Capital
Ahmedabad-based fintech firm Lendingkart has raised INR 200 crore in long-term debt from EvolutionX Debt Capital to finance micro, small and medium enterprises (MSMEs). The firm will invest the funds in strengthening technology. Lendingkart plans to launch new products such as MSME credit cards, personal loans for self-employed individuals, and gold loans. Established in 2014, Lendingkart claims to have disbursed loans amounting to more than INR 14,000 crore.
From the Venture Intelligence PE-VC Deal Database: Between March 2015 and March 2022, Lendingkart had raised over USD 159 M from Temasek , Bertelsmann, Mayfield India, Saama Capital, Sistema Asia, India Quotient and Anicut Capital. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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