Lendingkart Finance carries new funding

Oct 31, 2017 • Thierry Heles

Lendingkart unit Lendingkart Finance has secured $24.9m in debt and equity financing from backers including Tata Capital Financial Services.

Lendingkart Finance, the non-banking financial institution division of India-based online lender Lendingkart Group, has received Rs1.62bn ($24.9m) in combined equity and debt financing, VCCircle reported yesterday.

The money was supplied over multiple tranches during August and September this year by investors including Tata Capital Financial Services, a subsidiary of conglomerate Tata & Sons.

Sister unit Lendingkart Technologies supplied approximately $6.2m in equity and $3.1m in debt, and the round also included financial services providers IFMR Capital, Capital First and Manappuram…

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