LendingKart Raise ₹850 Cr from Fullerton & Investors
Lendingkart is looking to raise Rs 850 crore in fresh equity infusion from existing investors. The company, which saw Fullerton Financial acquire a majority stake in March, has also moved a board resolution to expand its share capital to Rs 16.9 crore from Rs 4.9 crore, in a bid to raise fresh capital. Read more […]
Fullerton to Acquire Controlling Stake in Lendingkart to Boost MSME Lending Nationwide
18 Oct 2024 – Lendingkart, India’s largest fintech company in the MSME lending space, is set to scale new heights as Fullerton Financial Holdings (FFH), an existing investor through its affiliate, is acquiring a controlling stake in the company.
Lendingkart’s burgeoning profitability run continues in FY24: Nets profit of INR 30CR in Q1 FY24; 99% growth YoY
Lendingkart posted a PAT of INR 30 Cr in Q1 FY24 and INR 120 Cr in FY23 Reflecting a 43% increase, Lendingkart’s revenue soared to INR 268 Cr With 49% YoY growth, the disbursement reached to INR 1213 Cr Lendingkart Group reported a 99% jump in its net profit to INR 30 crore for the […]
LendingKart Records ₹120 Cr Profit After Tax in FY24
Lendingkart Group today announced that it has grown its loan book by 44 percent during the year 2022-23. Clocking around 1000 crore disbursal rate per quarter, Lendingkart ended the year with a total disbursement of around 4000 crores. Recording profitable growth in the last six quarters, the group has disbursed around 14,000 crores empowering MSMEs […]