Consumer credit platform Kissht has secured $10m from a consortium including Fosun to fund expansion in India and improve its data science capabilities.
Diversified conglomerate Fosun International and venture capital firms Ventureast and Endiya Partners have invested $10m in Kissht, the India-based operator of a consumer credit platform, the Economic Times reported on Monday.
Kissht has developed a platform that enables online and offline retailers to offer payment plans for products. Consumers can use the Kissht app to shop online with its partners and apply for an equated monthly instalment card to purchase products in-store.
The funding will be used to expand the…
