Lendingkart Finance Posts INR 288 Cr Loss In FY25

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SUMMARY

The Ahmedabad-based NBFC incurred a net loss of INR 288.3 Cr during the year as against a net profit of INR 60.1 Cr in the previous fiscal year

Lendingkart Finance first achieved profitability in FY23, when it reported a net profit of INR 118.8 Cr for the year

Lendingkart Finance’s founder Harshvardhan Lunia stepped down from his role as managing director, effective June 30

Caught in a top-deck turmoil, fintech startup Lendingkart’s NBFC arm Lendingkart Finance…



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Lendingkart Finance Posts INR 288 Cr Loss In FY25


SUMMARY

The Ahmedabad-based NBFC incurred a net loss of INR 288.3 Cr during the year as against a net profit of INR 60.1 Cr in the previous fiscal year

Lendingkart Finance first achieved profitability in FY23, when it reported a net profit of INR 118.8 Cr for the year

Lendingkart Finance’s founder Harshvardhan Lunia stepped down from his role as managing director, effective June 30

Caught in a top-deck turmoil, fintech startup Lendingkart’s NBFC arm Lendingkart Finance…



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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