Lendingkart has boosted its series D round to $41.3m, taking $11.3m in an extension featuring Bertelsmann India Investments and Sistema Asia Fund.

Investment vehicles for Bertelsmann and Sistema have co-led a Rs 863m ($11.3m) extension to India-based online lender Lendingkart Technologies’ series D round, which now stands at $41.3m, LiveMint has reported.

The extension was co-led by investment firm India Quotient and Fullerton Financial, an asset manager operated by the Singaporean government-owned investment firm Temasek. Media group Bertelsmann and conglomerate Sistema were represented by Bertelsmann India Investments and Sistema Asia Fund respectively.

The company secured the initial $30m from Bertelsmann India Investments,…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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