SME-lending firm Lendingkart raises M funding to strengthen data science capabilities

Digital lending platform for SMEs Lendingkart has raised Rs 205 crore ($32 million) in Series B round, taking the total amount of funding to Rs 260 crore ($41million) till date. Out of $32 million, $20 million was raised as equity and $12 million as debt. HarshVardhan Lunia and Mukul Sachan (Co-founders of Lendingkart) The fresh round of fund was led by Bertelsmann India Investments (BII), with participation from Darrin Capital Management and existing investors – Mayfield India, Saama Capital, and India Quotient. Last year in July, the Ahmedabad-based startup had raised $10 million in Series A fund. Lendingkart will infuse this growth capital in 1) strengthening its data science capabilities, 2) enhancing its technology platform, and 3) infrastructure for improved mobile capabilities. With Bertelsmann onboard, we look forward to leveraging…


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