Lendingkart carries series C to $87m

Feb 12, 2018 • Thierry Heles

Corporate venturing units Sistema Asia Fund and Bertelsmann India Investments took part in the round's $10.5m first close in September last year.

India-based online lending platform Lendingkart closed a $87m series C round today led by asset management firm Fullerton Financial that included diversified conglomerate Sistema and media group Bertelsmann.

Bertelsmann took part in the round’s $10.5m first tranche in September 2017 through its local corporate venturing arm, Bertelsmann India Investments, while Sistema participated through its Sistema Asia Fund.

Mayfield India, Saama Capital, India Quotient, Darrin Capital Management and unnamed, existing shareholders also took part in the 2017 close.

Lendingkart operates…

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