LENDINGKART GROUP
Mahindra Finance, Lendingkart announce co-lending partnership for MSMEs
Through this initiative, SME businesses will be able to capitalise on Mahindra Finance’s hyperlocal schemes and Lendingkart’s expertise.
Lendingkart group appoints Kamna Baweja as Chief Business Officer
Finance provider, Lendingkart group has appointed Kamna Baweja as their Chief Business Officer for its SME cards. Prior to this, Baweja was the CBO at Creditas. She brings two decades of experience to Lendigkart, which is in the business of providing capital to MSMEs.
With Big Tech ousted, what’s next for internet grouping IAMAI
Earlier this week, the Internet and Mobile Association of India (IAMAI) elected a new 24-member governing council – and from that, a four-member executive council . Dream11 cofounder and CEO Harsh Jain was elected the chairperson with Makemytrip cofounder Rajesh Magow becoming the vice-chairperson and Times Internet vice chairman Satyan Gajwani taking over as the treasurer.
Lendingkart clocked Rs 120 crore profit in FY23: CEO Harshvardhan Lunia
For FY23, the Fullerton-backed company also saw its overall revenues rise to Rs 828 crore, while total credit disbursals for the MSME lender grew 44% and stood at roughly Rs 3,959 crore for the fiscal.
Lendingkart makes senior appointments to lead business, data teams
In his new role, Sonpatki will help the company scale the platform business - develop offerings, drive partnerships with banks and financial institutions in India and other emerging markets and achieve revenue growth. Padmanabhan will contribute to strengthening the data team as he will lead the team and will provide the company with robust data infrastructure to spearhead growth.
Lendingkart makes key appointments to credit, fundraising teams
Mohammad Abdul Khalique brings over 15 years of experience in NBFC, banking, fintech and Anisha Seth brings over 16 years of experience in fundraising for large corporates, NBFC.
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WeRize gets $8-million funding from 3one4, Kalaari and others
Launched in 2019 by former Lendingkart executives Vishal Chopra and Himanshu Gupta, WeRize is a full-stack financial services platform that sells its products in more than 1,000 cities of India through a social distribution model.
Lendingkart Finance raises $15 mn funding from Netherlands' FMO
This new influx of funds to Lendingkart will be utilised towards expanding the reach of financial products to the MSME segment through Lendingkart's digital platform.
Wellness company Vahdam India appoints LendingKart’s Mohit Bajaj as its CFO
Bajaj comes with almost 20 years of experience in finance strategy and was previously the CFO at fintech firm LendingKart. He specialises in corporate finance, business planning, investor relations, treasury management, core accounting and diverse industry verticals.
Lendingkart scales up team with addition of two senior directors
Under the company’s leadership, Lendingkart Finance has evaluated nearly half a million applications, disbursing 85,000 loans to more than 73,000 MSMEs, making it the NBFC with the largest geographical footprint in the country.
Lendingkart makes key hires to leadership team as part of ongoing growth strategy
Founded in 2014, Lendingkart has a service reach across India. Since its inception, Lendingkart Finance has evaluated nearly half a million applications, disbursing 76,000 loans to more than 64,000 MSMEs across all 29 states and union territories of the nation.
Lendingkart Technologies, raises Rs 21 cr in equity
Funds to be used to expand the lending base, build technology and strengthen analytics capabilities.
Fintech cos count chickens after a tumultuous 2018 run
While H1 saw big fund raises, latter half hit by a funding squeeze & SC order on Aadhaar verification
Lendingkart claims to have reached 1000 locations and disbursed 25000 loans
The fintech platform which exclusively caters to micro small and medium enterprises for their funding requirements claims to have received applications from 6.5 lakh entities and has evaluated over 1.5 lakh applications.
Building sustainable business outside metros is a challenge
At a round table discussion at The Economic Times The Power Of Ideas event in Ahmedabad, startup founders and investors came together to emphasise the necessity of strong unit economics.
Fintech companies get ready to cash in this festive season
"We expect the total ecommerce industry sales during the festive season to grow by up to 50% over last year. The top two players will continue to take a dominant share of this," Srinivasu said.
Digital lending startup Lendingkart brings in Sistema Asia Fund for its Series-C raise
The digital-lending space has seen steady funding in recent months. In June, lending startup MoneyTap raised $9 million from Sequioa India, while in May, Pay Sense, a startup that runs a digital credit platform, raised $5.3 million from Jungle Ventures, Naspers Group and Nexus Venture Partners.
German media group plans to invest $200-250 mn in Indian startups
Three years after it made its first investment in India, Bertelsmann India Investments (BII) has a deployment book of $150 million, having made 30 deals here.
For fintech, there's safety in numbers
Banks and fintech companies form new committee under IAMAI, which could be largest such group.
Gujarat awaits a brand new startup policy this year
Ecommerce player Infibeam became India's first ecommerce startup to get listed raising Rs 450 crore. Fintech firm Lendingkart has raised $40 million from Capital Float, NeoGrowth and other private equity investors.
Lendingkart expects to disburse Rs 1,600-crore loan by 2017-end
Offering customers lending rates of 16-24 percent, the company is of the view that post demonetisation, micro, small and medium enterprises will move towards formal channels of lending.
India Quotient to raise $60 million as part of third fund in 2017
Launch of 4G and growing 3G penetration, individuals from tier-II and -III segments are increasingly looking for entertainment options on cheap smartphones.
Mahindra Group's SmartShift targets 1 million stakeholders by 2019
The company has been growing 50% month-on-month, and is servicing over 500 pin codes in two cities and the last mile requirements of over 25 corporates, she added.
Lendingkart ties up with Unicommerce for easy credit to SMEs
The technology-backed Lendingkart Group’s NBFC enables loan disbursement by assessing the creditworthiness of a candidate through API scrutiny and online data scraping.
Startup Ecosystem Barometer: Issues dogging India’s emerging businesses sector
In the second instalment of the Startup Ecosystem Barometer, the focus shifts to the issues dogging India’s fast-growing emerging businesses sector. Do investors operate in packs? Should entrepreneurs also be investors? Madhav Chanchani & Aditi Shrivastava analyse the findings
Lendingkart banks on regional languages to go up a notch
Lendingkart believes that India has a massive credit starved market where there are many small business owners who are denied financing despite being credit worthy. The startup wants to reach out to every single SME who is in need for working capital credit.
Lendingkart ties up with Wydr to provide easy finance to traders
The entire process of credit risk analysis is done digitally so that loans can be disbursed within 72 hours even in the semi-urban and tier-2 cities.
Lendingkart raised Rs 205 crore in Series B
The latest infusion of growth capital will be used by the Lendingkart Group for strengthening its data science capabilities, enhancing its technology platform.
Lendingkart raises above Rs 200 crore in both debt and equity
This latest round of funding has taken the net amount raised by the lending company to Rs 260 crore till date.
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