Fundamentals Remain A Sticking Point

Even as digital lending in India is going through a transition phase with shrinking revenues for major lending apps, Mumbai-based Kissht has decided to take the plunge and go for a public issue.  

Incidentally, the company is going into the IPO run with a decline in revenue in the previous fiscal year, despite operating an NBFC-led model. Consequently, there will be a lot of focus on whether Kissht’s lending business can continue to show high profitability even after the IPO.  

The timing of the proposed issue is on Kissht’s side —…