US EditionExclusive: Lendingkart To Raise INR 100 Cr Debt From InnoVen Capital
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Exclusive: Lendingkart To Raise INR 100 Cr Debt From InnoVen Capital
Fullerton-backed fintech soonicorn Lendingkart is raising INR 100 Cr (around $11.7 Mn) in venture debt from InnoVen Capital. The board of Lendingkart passed a resolution on May 14 to issue 10,000 non-convertible debentures (NCDs) at INR 1 Lakh each to raise the sum from InnoVen Capital India Fund in two tranches, as per its regulatory filings sourced from the Registrar of Companies (RoC). The Ahmedabad-based digital lending platform plans to use…
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