Lendingkart set to raise Rs 850 crore from Fullerton, existing investors

Share via:



Digital credit startup Lendingkart is looking to raise Rs 850 crore in fresh equity infusion from existing investors, the company said in its filings with the ministry of corporate affairs.

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.

Responding to ET’s queries, a Lendingkart spokesperson said: “Fullerton Financial Private Limited acquired around 56% stake in Lendingkart on March 27,…



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.

Popular

More Like this

Lendingkart set to raise Rs 850 crore from Fullerton, existing investors



Digital credit startup Lendingkart is looking to raise Rs 850 crore in fresh equity infusion from existing investors, the company said in its filings with the ministry of corporate affairs.

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.

Responding to ET’s queries, a Lendingkart spokesperson said: “Fullerton Financial Private Limited acquired around 56% stake in Lendingkart on March 27,…



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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

The Best Bike Gear for Your Brisk, Wintry Commute...

FAQsWe asked Joshua Hale, general manager of commuter bike...

The Apple iPhone 17 Pro Keeps Cool While Playing...

The iPhone 17 Pro is the best phone Apple...

Popular