Liquidity Events
Temasek’s Fullerton to invest addl Rs.252-Cr to acquire controlling stake in Lendingkart
Fullerton Financial Holdings (FFH), a wholly owned subsidiary of Singapore’s Temasek, will acquire a controlling stake in Ahmedabad-based, MSME-focused lending platform Lendingkart Technologies Pvt Ltd (LTPL). The investment will include a capital infusion of INR 252 crore.As of March 2024, FFH held approximately 38.16% of Lendingkart, which owns 100% of Lendingkart Finance Ltd (LFL), the company's NBFC arm.Founded in 2014 by Harshvardhan Lunia, Lendingkart provides unsecured loans to customers in Tier 1, 2, and 3 cities, with an average loan size of approximately INR 7 lakh. To date, the company has raised around INR 1,050 crore from investors, including Bertelsmann, Mayfield India, Saama Capital, Sistema Asia, and India Quotient, and claims to have disbursed over 3 lakh loans worth more than INR 20,000 crore.
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