Lendingkart Finance, a digital lending platform for small and medium enterprises (SMEs) in India, has raised US $7.8 million (INR 50 crore) in debt funding from YES Bank, India’s 4th largest private sector bank. The funds will be utilised to further build the loan book as Lendingkart ex…
Tag: Mukul Sachan
Lendingkart offers working capital loans to 1k SMEs in Gujarat
Online platform that facilitates SMEs in obtaining working capital loans through its NBFC ‘Lendingkart Finance’ on April 19 disbursed loans to over 1000 SMEs in the state of Gujarat. The Ahmedabad-based digital lending platform has reached out to SMEs in more than 40 cities in the sta…
Lendingkart raises INR 205 crores in Series B funding
Lendingkart Group, India’s leading digital lending platform for SMEs, has raised INR 205 crores (USD 32m) in new financing; out of which USD 20m was raised as equity and USD 12m as debt. This Series B round was led by Bertelsmann India Investments (BII), with participation from Darrin Capital Man…
B2B e-commerce market 6 times larger than B2C: SME lenders
Companies like Capital Float, Lending Kart and Indifi Technologies that lend to small and medium enterprises are increasingly partnering with B2B e-commerce platforms such as Of Business and Tolexo to provide financing options to sellers and buyers on the marketplaces. B2B e-commerce market 6 tim…