Lendingkart Technologies has raised over $87 million (Rs. 565 crore) in equity funding, led by Singapore’s Fullerton Financial Holdings (FFH)..Shardul Amarchand Mangaldas advised Lendingkart and the team was led by Bangalore Partner Siddharth Nair along with Senior Associate Kaushalya Venkataraman..AZB & Partners acted for Fullerton Financial Holdings and the team was led by Partners Ashwath Rau and Anu Tiwari along with Senior Associate Nirmal Mahtani and Associate Rachana Rautray..Existing investors Sistema Asia Fund, Bertelsmann India Investment, Mayfield India, India Quotient, and Saama Capital also participated in the round..With this, Lendingkart Group’s cumulative equity and debt raising will exceed USD 173 million (Rs 1,129 crore), of which USD 114 million was through equity route, reported Business Standard.
Lendingkart Technologies has raised over $87 million (Rs. 565 crore) in equity funding, led by Singapore’s Fullerton Financial Holdings (FFH)..Shardul Amarchand Mangaldas advised Lendingkart and the team was led by Bangalore Partner Siddharth Nair along with Senior Associate Kaushalya Venkataraman..AZB & Partners acted for Fullerton Financial Holdings and the team was led by Partners Ashwath Rau and Anu Tiwari along with Senior Associate Nirmal Mahtani and Associate Rachana Rautray..Existing investors Sistema Asia Fund, Bertelsmann India Investment, Mayfield India, India Quotient, and Saama Capital also participated in the round..With this, Lendingkart Group’s cumulative equity and debt raising will exceed USD 173 million (Rs 1,129 crore), of which USD 114 million was through equity route, reported Business Standard.
