Lendingkart To Raise INR 100 Cr Debt From InnoVen Capital

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)…