Lendingkart raises Rs565 crore from Fullerton Financial Holdings
On February 12, FinTech company Lendingkart Technologies raised over Rs 565 crore ($87 million) of equity funding in its Series C.The round was led by Singapore's Fullerton Financial Holdings Pte Ltd, and had participation from existing investors Sistema Asia Fund, Bertelsmann India Investment, Mayfield India, India Quotient, and Saama Capital too."We are excited to have Fullerton...
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On February 12, FinTech company Lendingkart Technologies raised over Rs 565 crore ($87 million) of equity funding in its Series C.
The round was led by Singapore's Fullerton Financial Holdings Pte Ltd, and had participation from existing investors Sistema Asia Fund, Bertelsmann India Investment, Mayfield India, India Quotient, and Saama Capital too.
"We are excited to have Fullerton Financial Holdings join us on our growth journey. We are pleased to collaborate with Fullerton as they bring deep domain experience in the rapidly growing financial services space in India and globally," said Harshvardhan Lunia, Co-Founder and CEO of Lendingkart Technologies.
Lendingkart Technologies has raised over $87 million (Rs. 565 crore) in equity funding, led by Singapore’s Fullerton Financial Holdings (FFH).
Shardul Amarchand Mangaldas with team led by Bangalore Partner Siddharth Nair along with Senior Associate Kaushalya Venkataraman advised Lendingkart.
Fullerton Financial Holdings was acted upon by AZB & Partners and the team was led by Partners Ashwath Rau and Anu Tiwari along with Senior Associate Nirmal Mahtani and Associate Rachana Rautray.
Moreover, a Memorandum of Understanding has also been signed between the two companies concerning possible opportunities and initiatives to support their respective businesses.
