Debt

Debt financing

MSME-lender Lendingkart raises Rs.75-Cr in loans from Tridos, GMO

INC42  

Ahmedabad-based non-banking finance company (NBFC) and lending tech platform Lendingkart has raised INR 75 crore in a debt funding round from GMO and Triodos Investment Management. INR 25 crore would come from GMO LLC and INR 50 crore from Triodos. The company plans to use the fresh funds to provide MSME loans across states. Credit decisions will be taken in a ‘live' environment using its in-house loan origination engine xlr8. The company has offices in Bengaluru, Mumbai and Gurugram, and offers pan-India services. To date, Lendingkart has raised about INR 1,050 crore in equity. It claims to have disbursed more than 1.4 Lakh loans worth USD 1 Billion+ to more than 1.2 Lakh MSMEs across 4,000+ locations.