 "Lendingkart founders, Mukul Sachan (left) and Harshvardhan Lunia")
Lendingkart Technologies has raised Rs 70 crore ($10.51 million) in the form of equity funds. Singapore-based Sistema Asia Fund, along with existing investors such as Bertelsmann India Investment, Mayfield India, Saama Capital, India Quotient and Darrin Capital Management participated in this round.
With this fresh funding, the company has raised a total of Rs 534 crore (equity of Rs 243 crore and debt of Rs 291 crore).
The latest infusion of equity capital will enable the company to increase its loan book and strengthen its technology and analytics capabilities. Additionally, this will aid the company to further reach out to the underserved
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