Public Market

IPO

Fintech startup LendingKart to go public

Business Line  

LendingKart plans to go for an IPO in the next six-eight quarters. LendingKart Group reported INR 511 crore of gross revenue in FY21, as compared to INR 485 crore in FY20. It recorded INR 45-50 crore in profits last year (at a group level) In FY22, LendingKart's disbursements totalled to INR 9,108 crore and it has customers across 11,000+ pincodes. The company has raised around INR 1,050 crore of equity till date from investors such as Fullerton Financial Holding (FFH), Bertelsmann, Mayfield India, Saama Capital, Sistema Asia and India Quotient, among others. e.