SME Lending Startup Lendingkart Raises $3.8 Mn Debt Funding From SBI

SME Lending Startup Lendingkart Raises $3.8 Mn Debt Funding From SBI

Ahmedabad-based SME lending startup Lendingkart Finance has raised $3.8 Mn (INR 25 Cr) in debt from the State Bank of India . The fundraise from SBI comes three months after the fintech platform secured $10.9 Mn (INR 70 Cr) funding from Sistema Asia Fund as well as existing investors Bertelsmann India Investment, Mayfield India, Saama Capital and others. As per the official statement, the latest influx of funds will be utilised to bolster Lendingkart’s loan book. The fresh capital will also enable the startup to expand its geographical reach to over 950 cities. Furthermore, a portion of the financing […]