• FOUNDING YEAR: 2014
    LOCATION:
    India
    REGION:
    GJ
    Last Update:
    27 Jun, 2019
    Global presence:
    India

Description

FOCUS

PRODUCTS & SERVICES:
LendingKart offers collateral-free working capital and other business loans to small businesses. Users can apply for loans up to $1,45,950, which is disbursed in a maximum duration of three days. The loans are disbursed via its subsidiary NBFC AadriInfin Limited.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Technology companies
EXISTING PARTNERSHIPS:
The company’s main partners include Silver bank, Jiexin, Flash, Yinding, Blue Ocean, Sparkling Silver, Baojia, etc.
COMMENT
The Company has in-house technology tools based on big data analytics and machine learning algorithms to evaluate its client's creditworthiness. It aims is to disburse 30,000 loans (totaling Rs 2,000 crore) in FY18-19. It also expects 20,000 new MSMEs to be added to its platform in the ongoing fiscal.

PEOPLE

FOUNDERS:
Harshvardhan Lunia, Mukul Sachan
Board Members and Advisors:
Vikram Godse
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Aditya Birla Capital, Ashish Goenka, Rhythm Ventures Ltd, Shailesh Mehta, Saama Capital, Mayfield Fund, India Quotient, Darrin Capital Management, Bertelsmann India Investments, Ashvin Chadha, Anicut Capital, Yes Bank, Kotak Mahindra Bank, Aditya Birla Financial Services, IFMR Capital Finance Pvt. Ltd, Hinduja Leyland Finance Ltd, Caspian Impact Investments Pvt. Ltd, Mannapuram Finance Ltd, Sundaram Finance Ltd., SBI, Financierings-Maatschappij voor Ontwikkelingslanden, MState, Fullerton Financial
KEY EMPLOYEES:
Harshvardhan Lunia (CEO), Mukul Sachan (COO), Mukesh Kumar Singh (CTO)

TRACTION

TRANSACTIONS COMMENT:
The company disburses ~70 loans every month and has so far disbursed loans to ~3,000 business in 135 cities.
ACTIVE USERS COMMENT:
Lendingkart Finance has disbursed over 20,000 loans to more than 13,000 SMEs across 23 sectors till Jan 2018.
COMMENT:
The company claims that has disbursed over 28,000 loans to more than 21,000 MSMEs across 26 diverse sectors to date. (July 2018)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$154 Million
DATE OF LAST FUNDING:
Jul 2018
TOTAL FUNDING COMMENT:
The company is planning to use the fund used towards growing our loan book and financing more MSMEs and also to widen its offerings globally. (July 2018)
SEED & PRIOR FUNDING:
$650 K
SEED CLOSED ON:
Feb 2015
FUNDING SERIES:
SERIES A
$10 Million Closed: Jul 2015
SERIES B
$30.5 Millions Closed: Sep 2017
SERIES C
$112.8 Millions Closed: Feb 2018
DEBT FUNDING:
$74.87 Millions
LISTED:
NO

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