Lendingkart is an Indian fintech group that provides working-capital and business loans to micro, small and medium enterprises, lending through its RBI-regulated subsidiary Lendingkart Finance Limited. Founded in 2014 in Ahmedabad by Harshvardhan Lunia and Mukul Sachan, it has disbursed over INR 18,700 crore to more than 300,000 businesses, with ticket sizes around INR 5-6 lakh. After RBI curbs on unsecured lending triggered heavy losses, Temasek's Fullerton Financial Holdings took control in 2024-25 and lifted its stake to roughly 77% through a November 2025 equity infusion. Founder Lunia has since challenged Fullerton's conduct at the NCLT.
Lendingkart has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2014
Employees
500–1,000
Total Funding
$314.81M
11 rounds
Latest Valuation
$0.1B
Oct 18, 2024
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $314.81M across 11 rounds
Last updated 09-17-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Nov 20, 2025 | Series F | $61M | — | Fullerton Financial Holdings |
| Mar 27, 2025 | Series E follow-on | $10.5M | — | |
| Oct 18, 2024 | Series E (Controlling-stake recap) | $30M | $0.1B | Fullerton Financial Holdings |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Venture
$100M
Sep 2017
Lendingkart today
$100M
Oct 2024 · latest mark
Lendingkart multiple
1.0x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Prashant Joshi
Managing Director & CEO (appointed 2025, post-Fullerton takeover)
Pavan Pal Kaushal
Additional Non-Executive Director (Fullerton Financial nominee)
Harshvardhan Lunia
Co-Founder (former CEO/MD; stepped down 2025)
Competitor list is illustrative and may be incomplete, stale, or erroneous.
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FlexiLoans
Mumbai-based online SME lending platform offering unsecured working-capital loans to small businesses.
InCred
Diversified Indian NBFC offering SME, consumer and education loans through a technology-driven underwriting platform.
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