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LENDINGKART PROFIT
India Quotient partner Gagan Goyal to quit as churn at top VC funds in India continuesGagan Goyal, a general partner at India Quotient, is leaving the early-stage venture capital firm, according to people aware of the matter....- Fintech WeRize raises $7 million led by Sony Innovation FundBengaluru-based fintech WeRize has secured $7 million in a funding round led by Sony Innovation Fund. The capital will bolster its AI and t...
- Lendingkart set to raise Rs 850 crore from Fullerton, existing investorsLendingkart is looking to raise Rs 850 crore in fresh equity infusion from existing investors. The company, which saw Fullerton Financial a...
- Fullerton Financial to again scale up financial services, plans Rs 2,000-cr playSingapore's Temasek-backed Fullerton Financial is re-entering Indian financial services. It plans to invest ₹2,000 crore in Lendingkart Fin...
- Lendingkart Finance founder Lunia steps down as MDHarshvardhan Lunia resigned as Lendingkart Finance MD in June. The company awaits RBI approval for a new MD recommended by Fullerton Financ...
- Lendingkart Finance reports losses, breaches bond covenant for 2024-25Lendingkart Finance, backed by Temasek, faced losses before tax in 2024-25, breaching a covenant on its ₹75 crore bonds. The company is see...
- Temasek-owned Fullerton to take majority control in cash-strapped Lendingkart for Rs 252 croreThis comes after RBI’s action against NBFC and microfinance firms like Navi and DMI Finance being banned from sanctioning loans. The fundin...
- ETtech Exclusive: Inside the cash crisis, big valuation cut at LendingkartLendingkart is in talks with Fullerton Financial Holdings, its largest shareholder, for an internal funding round at a major valuation cut....
- Lendingkart’s cash crisis; Zodius exits OfBusinessHappy Thursday! Cash-strapped Lendingkart is staring at a massive valuation cut. This and more in today’s ETtech Morning Dispatch.
- Flexiloans to raise $35 million in a fresh equityUS-based nonprofit Accion and Infosys cofounder Nandan Nilekani’s Fundamentum could participate in this round, sources told us. Mumbai-base...
- Fintech lenders see profits in FY23 after rough couple of yearsAfter years of logging losses and write-offs, Lendingkart, Indifi, Fibe and a few others are in the black and hoping to stabilise their bus...
- Lendingkart clocked Rs 120 crore profit in FY23: CEO Harshvardhan LuniaFor FY23, the Fullerton-backed company also saw its overall revenues rise to Rs 828 crore, while total credit disbursals for the MSME lende...
- Lendingkart acquires personal loan provider Upwards for around Rs 120 croreThe acquisition is in line with Lendingkart’s move to diversify its product portfolio as it looks to add newer offerings to its mix.
- Fintech SME lenders hope banks loosen purse strings after new government schemeIn a series of recent measures, the government has tried to solve the liquidity issue facing the banking system and lenders’ reluctance to ...
- Govt has stepped up, it’s the turn of banks now, say fintech startupsThe government has extended an emergency credit line to micro, small and medium enterprises, provided credit guarantee, and capped interest...
- War on bad loans begins to pay for fintech lendersThe tough financial conditions have meant that startups are using technology innovatively to reduce the cost of operations.This year has be...
- Capital Float, Lendingkart see higher write-offs, lossLendingkart’s revenue jumped nearly 160% from a year ago to Rs 91.8 crore, while Capital Float’s revenue increased 154% to Rs 135 crore.
- Lendingkart Finance raises Rs 300 crore via NCDsLendingkart Finance said Aditya Birla Sun Life AMC has infused Rs 150 crore with another mutual fund company.
- Lendingkart ties up with Unicommerce for easy credit to SMEsThe technology-backed Lendingkart Group’s NBFC enables loan disbursement by assessing the creditworthiness of a candidate through API scrut...
- Payment companies like Citrus Pay, Innoviti buy into MSME segmentPayUMoney tied up with digital lending platform Lendingkart and launched Lendingkart Grow, an initiative to provide working capital loans t...
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