Lendingkart is an Indian fintech group that provides working-capital and business loans to micro, small and medium enterprises (MSMEs). Founded in 2014 by Harshvardhan Lunia and Mukul Sachan, the company operates a technology-led underwriting platform and lends through its RBI-regulated non-banking finance subsidiary, Lendingkart Finance Limited (formerly Aadri Infin). Since inception, Lendingkart has disbursed more than INR 18,700 crore in loans to over 300,000 businesses across 4,100+ cities in India, with average ticket sizes in the INR 5-6 lakh range. After a downturn in unsecured lending and tightening RBI norms drove sharp losses, Singapore-based Fullerton Financial Holdings (a Temasek subsidiary) acquired a controlling stake in 2024-2025 and replaced the founding leadership, ushering in a turnaround phase under new CEO Prashant Joshi.
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
$180.61M
8 rounds
Latest Valuation
$0.1B
Dec 15, 2024
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $180.61M across 8 rounds
Last updated 06-25-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Mar 27, 2025 | Series E follow-on | $10.5M | — | |
| Dec 15, 2024 | Series E (Controlling-stake recap) | $30M | $0.1B | Fullerton Financial Holdings |
| May 30, 2024 | Series D | Not disclosed | — | Stride Ventures |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Venture
$100M
Sep 2017
Lendingkart today
$100M
Dec 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.
Aye Finance
Tech-enabled NBFC providing small-ticket business loans to micro-enterprises in India, using cluster-based underwriting.
Indifi
Indian digital SME lender that leverages partnerships with platforms such as Zomato, Swiggy, Amazon and Google Pay to offer embedded credit.
NeoGrowth
RBI-registered NBFC providing tech-led MSME loans with repayment linked to digital payment flows.
Capital Float (Axio)
Indian digital lender (now rebranded Axio) focused on small-business and consumer credit, partnered with merchant platforms such as Paytm and Uber.
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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