Funding
Lendingkart set to raise Rs 850 crore from Fullerton, existing investors
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Digital credit startup Lendingkart is looking to raise Rs 850 crore in fresh equity infusion from existing investors, the company said in its filings with the ministry of corporate affairs.
The company, which saw Fullerton Financial acquire a majority stake in March, has also moved a board resolution to expand its share capital to Rs 16.9 crore from Rs 4.9 crore, in a bid to raise fresh capital.
Responding to ET’s queries, a Lendingkart spokesperson said: “Fullerton Financial Private Limited acquired around 56% stake in Lendingkart on March 27,…
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