Lendingkart

Fintech · Ahmedabad, IN

Fintech NBFC disbursing loans to MSMEs via online channels.

Founders

Harshvardhan Lunia (India · ♂) — A chartered accountant from a business family who spent a decade in corporate and SME banking at ICICI and Standard Chartered, he left in 2010 to build a tech- and data-driven lending platform for cash-strapped Indian MSMEs.
Mukul Sachan (IN · ♂) — A former ISRO engineer turned IIM-Bangalore finance MBA, he co-founded Lendingkart in 2014 as COO to build the tech-driven NBFC lending to MSMEs, before stepping down in 2019.

Shares the most investors with (number = shared investors):

Date	Round	Amount
May 2024	Debt Fintech Lendingkart raised $10M via external commercial borrowing from a BlueOrchard-managed fund for onward MSME lending.	$10M
Jun 2023	Debt Fintech Lendingkart raised $24M in long-term debt from EvolutionX Debt Capital.	$24M
Aug 2022	Debt Fintech lender Lendingkart raised INR 50 Cr in debt from InCred Capital and Yubi via non-convertible debentures.	$6.1M
Jul 2022	Debt Fintech lender Lendingkart raised INR 75 Cr in debt from GMO LLC and Triodos Investment Management via non-convertible debentures.	$9.1M
Apr 2021	Debt Lending-tech NBFC Lendingkart raised $15M from Dutch development bank FMO via NCDs.	$15M
May 2020	Series D Plus Fintech startup Lendingkart raised INR 86.24 Cr in its Series D from Fullerton Financial Holdings, Bertelsmann, Sistema Asia and India Quotient.	$11.4M

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Lendingkart has acquired Upwards.

Data is community-curated and may be incomplete.