Digital lender Kissht’s promoter OnEMI Tech Solutions raises Rs.832-Cr

Mumbai-based OnEMI Technology Solutions, which operates the digital lending platform Kissht , has raised INR 832 Cr through a preferential issue of equity shares. Cyril Amarchand Mangaldas acted as the legal advisor for the transaction.OnEMI intends to allocate 75% of the proceeds to its subsidiary, Si Creva Capital Services, to support its lending operations. The company aims to use this capital to improve its credit rating, reduce borrowing costs, and increase lending capacity. This fundraise closely follows the company's May IPO, which raised INR 850 Cr in fresh capital.In the first quarter of FY27, the firm reported operating revenue of INR 670 Cr and a profit of INR 95 Cr.