Fintech leader Lendingkart realigns leadership team across core business and marketing
Lendingkart Technologies Private Limited, India’s leading fintech company announced the elevation of three leaders across Operations, Marketing, and its growing Platform business. Abhishek Singh will now take over the role of Chief Operating Officer (COO) and Dipanshu Rajpurohit will take on the role of Chief Business Officer (CBO) for Core Business, while Ram Deshpande will step into the role of Chief Marketing Officer (CMO) at Lendingkart.
In his new role, Abhishek Singh will be responsible for the overall P&L and management of business operations, including designing and implementing business strategies, overseeing daily operations and comprehensive goals for performance to deliver profitable growth and a sustainable business. He has over 22 years of experience in Retail Financial Services and in his last three years as Chief Analytics Officer then Chief Business Officer at Lendingkart, Abhishek Singh has successfully delivered profitable growth every quarter for the past five quarters in our core business.
Dipanshu Rajpurohit, previously the Senior Vice President and Head of Sales and Revenue Operations, will now oversee all aspects of the core business, working closely with the leadership team to develop and implement strategies to drive profitable growth, increase revenue, and improve operational efficiency. Bringing with him 15 years of experience in the financial services industry, Dipanshu Rajpurohit has managed sales, revenue operations, channel partnerships, cross-sell, and customer service, leading the largest team within Lendingkart with unprecedented success through strategic and execution initiatives.
In his new capacity, Ram Deshpande will be responsible for leading marketing communication, product marketing, on-deck merchandising, advertising, public relations, and brand marketing efforts. With over 21 years of corporate experience in various business domains, Ram joined Lendingkart as the Marketing Head and has transformed the marketing efforts from performance marketing to much larger brand communications resulting in the highest share of voice in the digital lending category.
Commenting on the realignment, Harshvardhan Lunia, CEO & Founder at Lendingkart said, “Our leadership team at Lendingkart has steered the company towards growth and to continue this journey, we must embrace change. This means expanding our product portfolio, growing our AUM, and disbursements, and doing so profitably. To achieve this, we believe that we need to evolve further and have our key people take on larger challenges.”
Asit Kumar, CHRO, Lendingkart said “We are really excited to realign our leadership team to leverage each other’s strengths, create a more robust structure, and align with our organizational strategy. We believe that with their vast experience and expertise in the industry, these leaders are best suited to spearhead the robust teams toward delivering great services. At Lendingkart, we feel that our success and growth is a testimony to the fact that organizations need to be focused on profitability and grow the right way and these leaders have demonstrated our core values while taking all the functions together to drive business growth.”
Founded in 2014 by Harshvardhan Lunia, Lendingkart has offices in Ahmedabad, Bengaluru, Mumbai, Gurugram, and has service reach across India. The group is financed by reputed international investors like Fullerton Financial Holding (FFH) (100% subsidiary of Singapore Sovereign Fund Temasek Holdings), Bertelsmann, Mayfield India, Saama Capital, Sistema Asia, India Quotient, and others and has raised around ₹ 1050 Crores of equity till date.
Lendingkart Group is a fintech startup in the working capital space. The Company has developed technology tools based on big data analysis and machine learning algorithms which facilitate lenders to evaluate borrower’s creditworthiness and provide other related services.
Lendingkart Group is on a mission to make credit available to MSMEs pan-India using technology and alternate data-first approaches. The company has built a proprietary platform to solve for the basic building blocks of MSME financing like distribution, origination, underwriting, engagement, and collections, and by democratizing access to this platform by providing open access to APIs across the funnel.
Since its inception, Lendingkart Group has disbursed over INR 14,000 crores to over 2 lakh MSMEs in 4000+ cities and towns across all states and union territories of India, reaching over 11,700 pin codes -making it an NBFC having the largest geographical footprint in the country.