PE-VC Fund Investments
Fintech co. Lendingkart to raise $100-M in Series F led by Fullerton
Bengaluru-based fintech startup Lendingkart is to raise INR 850 crore (around USD 100 million) in its Series F round, to be led by Fullerton Financial, contributing INR 511 crore.Other investors participating in this round include Bertelsmann Nederland with INR 71 crore, Mayfield India with INR 60 crore, and Saama Capital with INR 47 crore. Grand Anicut, Sistema Asia Fund, India Quotient, Darrin Capital, and angel investors such as co-founders Raichand Lunia and Harshvardhan Lunia, along with Mukul Sachan, are also joining the round.Lendingkart is a non-banking financial company (NBFC), providing working capital and business loans to small and medium-sized enterprises (SMEs) across India, with average ticket size ranging between INR 5 lakh and INR 6 lakh.The capital raised will be used for expansion and growth across the firm and its subsidiaries, including its wholly owned unit Lendingkart Finance.
Between Mar 2015 and May 2025, Lendingkart had attracted about USD 281 M from InnoVen Capital, Stride Ventures, BlueOrchard, EvolutionX Debt Capital, Anicut Capital, Bertelsmann India Investments, India Quotient, Saama Capital, Sistema Asia Fund and others.
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