Lendingkart To Raise INR 100 Cr Debt From InnoVen Capital

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SUMMARY

The board of Lendingkart has passed a resolution to issue 10,000 NCDs at INR 1 Lakh each to raise the sum from InnoVen Capital India Fund in two tranches

For the nine months ended December 31, 2024 (9M FY25), Lendingkart reported a consolidated net loss of INR 253.1 Cr against a profit of INR 3.3 Cr in FY24

Last month, former MD and head of consumer banking at DBS Bank Prashant Joshi was appointed as CEO of Lendingkart by Temasek

Fullerton-backed fintech soonicorn Lendingkart is raising INR 100 Cr (around $11.7 Mn)…



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Lendingkart To Raise INR 100 Cr Debt From InnoVen Capital


SUMMARY

The board of Lendingkart has passed a resolution to issue 10,000 NCDs at INR 1 Lakh each to raise the sum from InnoVen Capital India Fund in two tranches

For the nine months ended December 31, 2024 (9M FY25), Lendingkart reported a consolidated net loss of INR 253.1 Cr against a profit of INR 3.3 Cr in FY24

Last month, former MD and head of consumer banking at DBS Bank Prashant Joshi was appointed as CEO of Lendingkart by Temasek

Fullerton-backed fintech soonicorn Lendingkart is raising INR 100 Cr (around $11.7 Mn)…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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