Liquidity Events
Digital lender Kissht’s founders acquire shares worth Rs.400-Cr ahead of IPO
OnEMI Technology Solutions, the parent company of lending-tech startup Kissht , saw its co-founders acquire shares worth over INR 400 crore through secondary transactions last month. Co-founder and CEO Ranvir Singh purchased about 17.7 lakh shares for INR 355 crore from co-founder Abhijit Bhandari and Endiya Partners (via AION Advisory Services). Co-founder and CFO Krishnan Vishwanathan acquired approximately 2.6 lakh shares for INR 53 crore from Vertex Ventures SEA Fund III and VenturEast SEDCO Proactive Fund.Founded in 2015, Kissht provides personal and business loans digitally, alongside health-related insurance products and secured loans.Kissht filed its DRHP in August 2025 and received SEBI approval in January 2026, with the IPO scheduled to open on April 30 and shares expected to list on May 8.The secondary transactions contributed to the halving of Kissht's offer-for-sale (OFS) component to 4.44 lakh shares from the initially proposed 8.88 lakh shares in the Draft Red Herring Prospectus (DRHP). The fresh issue size was also reduced from INR 1,000 crore to INR 850 crore.
Between Jul 2016 and Apr 2024, Kissht had attracted about USD 151 M from Trifecta Capital, Endiya Partners, SEA Fund, Vertex, Northern Arc Capital, Sachin Bansal, Fosun Group, Sistema Asia Fund, Ventureast, and others.For FY25, Kissht had reported about INR 306 Cr in Operating Income and about INR 51 Cr in PAT.
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