Debt

Debt financing

Small credit provider Kissht raises Rs.100-Cr from Trifecta, Northern Arc

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Lending startup Kissht has raised INR 100 crore from Trifecta Capital and Northern Arc, which subscribed to INR 50 crore of non-convertible debentures (NCDs) each. The company has so far raised over INR 270 crore in equity and over INR 1,200 crore in debt investments. The proceeds will be used to deepen the company's presence across India and further expand its product offering including credit cards for the owners of small businesses/shops. Founded in 2015 by Karan Mehta, Kissht provides an instant line of credit for small business transactions and small ticket size personal loans to new to credit customers on the back of data analytics.