Fullerton-controlled Lendingkart to raise Rs 850 crore from existing investors
21 Nov 2025, 11:39 AMCo-founders Raichand Lunia and Harshvardhan Lunia, along with Mukul Sachan, who had stepped down in 2019, will also infuse capital.
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Digital lending platform Lendingkart, in which Temasek-owned Fullerton Financial Holdings took control earlier this year, plans to raise Rs 850 crore in equity funding from existing investors.
Of the total amount, Fullerton will invest Rs 510 crore, and Bertelsmann, Mayfield India and Saama Capital will invest Rs 70 crore, Rs 62 crore and Rs 46 crore, respectively, according to filings with the Registrar of Companies.
Other existing investors Grand Anicut, Sistema Asia Fund, India Quotient, Darrin Capital, and angel investors are also bringing in capital.
Notably, co-founders Raichand Lunia and Harshvardhan Lunia, along with Mukul Sachan, who had stepped down in 2019, will also infuse capital.
The plans to infuse fresh capital into Lendingkart comes after Fullerton stepped in to take control of the company, and roped in Prashant Joshi, former managing director and head of consumer banking at DBS Bank, as its new CEO, earlier in April this year.
Earlier this year, Lendingkart's rival Axio (formerly Capital Float) was acquired by Amazon for about $200 million.
Lendingkart and Axio were seen as the poster boys of digital lending as they rode the high of India's SME credit boom. But both faced struggles on the way, culminating in their ownership changes this year.
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