Close Menu
BlogSpotTipsBlogSpotTips
  • Home
  • Education
  • Finance
  • Latest Internet News
    • Social Media
    • Software
  • Game
  • Contact Us !
Facebook X (Twitter) Instagram
BlogSpotTipsBlogSpotTips
  • Home
  • Education
  • Finance
  • Latest Internet News
    • Social Media
    • Software
  • Game
  • Contact Us !
Facebook X (Twitter) Instagram
BlogSpotTipsBlogSpotTips
Home»Finance»Lendingkart Finance raises $10 mn in debt funds
Finance

Lendingkart Finance raises $10 mn in debt funds

Loknath DasBy Loknath DasAugust 3, 2017No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
Harshvardhan Lunia, CEO and co-founder, Lendingkart Technologies (file pic)
Harshvardhan Lunia, CEO and co-founder, Lendingkart Technologies (file pic)
MUMBAI, AUGUST 3:  

Fintech startup Lendingkart Finance Ltd has raised about $10 million (Rs 67 crore) debt fund from KotakMahindra Bank, Aditya Birla Financial Services and other financial institutions.

As the company expands its reach to over 700 cities across the country, these funds will come in handy to re-stock the loan book, allowing them to widen its scope to SMEs country-wide, the company said in a statement here today.

Lendingkart Finance has disbursed over 12,000 loans to more than 9,500 SMEs across 23 diverse sectors.

Harshvardhan Lunia, CEO and co-founder, Lendingkart Technologies said: “For Lendingkart Finance, the influx of capital at strategic intervals is the key driver to promote financial inclusivity amongst SMEs in India. We recognise that SMEs are the backbone of the economy and if India is to continue to witness high growth, then supporting them is non-negotiable. While the funds from this round will be used to replenish our loan book and widen our range across the country, we are confident that our relationship with these companies will help us collectively work towards empowering SMEs through seamless availability of working capital.”

Manish Kothari, Senior EVP & Business Head, Corporate Banking, Kotak Mahindra Bank, said, “We at Kotak Mahindra believe that each start-up business has its own unique set of requirements linked to their business model and, hence, understanding the nature of business and structuring the solution around it is essential. We are excited to work with Lendingkart Finance since we believe they have a unique and efficient proposition to finance customers – largely in a space which is not as effectively addressed by most banks.”

Aligned with the Centre’s agenda of building financial inclusion, Lendingkart Finance is working towards ensuring availability of working capital to SMEs across the country that do not currently have access to credit or are capital deficient.

[Source”cnbc”]

10 debt finance: funds In Lendingkart mn raises
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Loknath Das

Related Posts

Financial Audits and Payment Compliance: The Role of TPS

June 2, 2025

Using AI-powered Enterprise Interfaces to Optimize Operational Efficiency

May 20, 2025

Strategies for Greater Financial Flexibility: 5 Smart Ways to Repay Your Home Loan Faster

May 6, 2025
Recent Post
  • Financial Audits and Payment Compliance: The Role of TPS
  • Social Media and Relationships
  • Online Counselling for Individuals and Couples
  • The Best Time to Post on Threads in 2025 — Data from 700K+ Posts
  • Using AI-powered Enterprise Interfaces to Optimize Operational Efficiency
  • How to Grow Your Brand with Micro Influencer Marketing
  • What Are the 8 Different Types of Video Game Articles?
  • Strategies for Greater Financial Flexibility: 5 Smart Ways to Repay Your Home Loan Faster
Search
  • Home
  • Privacy Policy
  • Contact Us !
© 2025 BlogSpotTips. Designed by BlogSpotTips.

Type above and press Enter to search. Press Esc to cancel.