Lendingkart raises Rs 50 crore debt from Yes Bank
Fintech startup Lendingkart has raised a debt of 50 crore from Yes Bank. Lendingkart had earlier raised an undisclosed amount of debt from DCB Bank and is in talks with other banks for more. Founded in 2014, the startup that lends to small and medium businesses, has raised more than ₹250 crore in debt from two banks and various NBFCs.
Founded by Lunia and Mukul Sachan in 2014, the company lends to small and medium businesses. Lendkingkart has raised at least $30 million in equity from a clutch of investors such as Bertelsmann India Investment, Darrin Capital Management, Mayfield India, Saama Capital and India Quotient.