Kissht files DRHP to raise Rs 1,000 Cr via fresh issue

Digital lending platform Kissht, operated by OnEMI Technology Solutions, has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise Rs 1,000 crore through a fresh issue of shares. 

The public offer will also include an offer-for-sale (OFS) of 8.88 million equity shares by its early backers including Vertex Ventures, Ventureast, Endiya Seed, AION Advisory and Ammar Sdn Bhd, among others.

According to the DRHP, Ammar Sdn Bhd will offload up to 20.89 lakh shares, while Vertex Ventures plans to sell 39.4 lakh shares. Other…