Though IT trade body Nasscom claimed that India has more startups than China last week, the KPMG Fintech100 report for 2016 does not reflect it. In the top 100 fintech companies shortlisted from across countries, there are only three Indian startups that have made the cut, while China dominates t…
Tag: Lendingkart
My Trade Box join hands with Lending Kart to provide SMEs with loans
India’s first ‘Assisted Bulk Buying’ hybrid e-commerce start-up My Trade Box will assist SMEs to connect directly to the retailers through their association with fintech startup LendingKart, with a common aim to provide more loan access to more small and medium enterprises. Both…
Focus on SMEs & e-Commerce poised for tremendous growth in near future | Voonik Co-Founder Sujayath Ali
The future is full of possibilities for SMEs and it is up for grabs, given the opportunities granted by the e-Commerce boom in India. SMEs may not have strong online presence, but 43% of the total SMEs participate in online sales in India. Voonik, an apparel sector e-Commerce startup, is a conflu…
Lendingkart partners Unicommerce to offer collateral-free working capital loans to SMEs
Lendingkart Group has announced a strategic partnership with Unicommerce, a Delhi-based multichannel order fulfillment platform. The partnership will enable Unicommerce’s consumer base to get access to collateral-free working capital loans through Lendingkart Group’s NBFC within 72 hours of appli…
Only clean social history can get small companies a loan
What does a small enterprise need to do to get a loan? In today’s world: Keep a clean social media footprint. Until a few years ago, Small and Medium Enterprises seeking a loan had to make multiple trips to banks or other lenders with company and project details, and could still go disappoi…
NeoGrowth gets Rs 108 crore funding from IIFL Wealth Management
NeoGrowth Credit, a specialised lender to small and medium sized retailers, has raised Rs 108 crore in a new round of funding from IIFL Wealth Management’s Seed Venture Fund besides existing investors, which include Omidyar Network, Khosla Impact and Aspada. The development comes as investo…
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…
We are here to bridge the funding gap for MSMEs | Harshvardhan Lunia, CEO, Lendingkart
Have a dream to fly giving wings to your unique business idea. Now is the time to get going! Gone are the days when your business idea would die an unsung death for want of viable funding. Welcome to the world of new-age fund missionaries: if your SME business idea has business potential, Lending…
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…
Saama capital raises $31 million for third venture capital fund
Saama Capital, a venture capital firm that has been an investor in unicorns such as and Snapdeal, has raised around $31 million for its third venture capital fund. “With the new fund we will be investing between $2 million to $5 million at a stretch in each company. We ideally look at a com…