• FOUNDING YEAR: 2014
    LOCATION:
    India
    REGION:
    GJ
    Last Update:
    1 Aug, 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 INR 2 Crore 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:
SMEs
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.

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, Alteria Capital
KEY EMPLOYEES:
Harshvardhan Lunia (CEO), Mukul Sachan (COO), Mukesh Kumar Singh (CTO)

TRACTION

REVENUE COMMENT:
Viewable by subscribers only
NUMBER OF TRANSACTIONS:
50 K in 2019
TRANSACTIONS COMMENT:
The company projects a turnover of Rs 225 crore for 2018/19. The total value of disbursal since inception is Rs 2,600 crore. (Mar 2019)
ACTIVE USERS COMMENT:
Lendingkart Finance has disbursed over 50k loans to more than 40k SMEs across 1300+ cities in India to till date. (Aug 2019)
COMMENT:
The company claims that around 40 percent of its total loan book comprises borrowers from tier-II and tier-III cities while around 20 percent are from tier-IV and tier-V geographies. (Oct. 2018)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$154 Million
DATE OF LAST FUNDING:
Jul 2019
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:
$85.87 Millions
LISTED:
NO

LATEST RESEARCH