Fintech start-up Lendingkart raises Rs 319 crore in series-D funding

Digital lender Lendingkart Technologies has raised around Rs 319 crore in equity as a part of its Series-D round to expand its lending base and upgrade its tech capabilities.

The round was led by existing investors including Fullerton Financial Holdings, Bertelsmann India Investments, Sistema Asia Fund and IndiaQuotient, according to the company's statement. 

The Ahmedabad-based start-up said the funding will be deployed to expand the company’s lending base and further reach out to small and underserved micro and small enterprises, and to further strengthen the company’s technological and analytics capabilities.

"The outbreak of Covid-19 and the resultant slowdown has had a tremendous impact