Kissht raises Rs 278 crore from anchor investors
30 Apr 2026, 01:57 PMOf the total anchor allocation, 57% was allotted to seven domestic mutual funds across 13 schemes, accounting for Rs 158.32 crore.
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Digital lending platform Kissht, operated by OnEMI Technology Solutions, has raised Rs 278 crore ($30 million) from 22 anchor investors at the upper price band of Rs 171 per share on April 29.
The anchor round saw participation from domestic mutual funds such as HDFC MF, ICICI Prudential, WhiteOak Capital, Bandhan, Quant MF, Tata Banking & Financial Services, and Sundaram MF, along with global institutions including Goldman Sachs, Citigroup, and BNP Paribas, among others.
Of the total anchor allocation, 57% was allotted to seven domestic mutual funds across 13 schemes, accounting for Rs 158.32 crore.
The Mumbai-based startup's initial public offering (IPO) has open for subscription on Thursday.
It had filed its red herring prospectus (RHP) with the Securities and Exchange Board of India (SEBI) last week. It cut the size of its IPO with fresh issue component reduced from Rs 1,000 crore to Rs 850 crore and the offer-for-sale (OFS) portion shrunk from 8.8 million shares to 4.4 million shares.
Kissht was founded in 2015 by Ranvir Singh and Krishnan Vishwanathan. Singh, who serves as CEO, previously worked with Citibank and has a background in consumer finance and risk management. Vishwanathan, the co-founder, brings experience in technology and product development. The platform provides small-ticket consumer loans and has scaled aggressively through partnerships with merchants across electronics, fashion, travel, and other categories.
For the nine-month period ended December 2025, Kissht reported an operating revenue of Rs 1,560 crore with a net profit of Rs 199 crore. In FY25, the company posted Rs 1,337 crore in operating revenue with a net profit of Rs 160 crore. The IPO is being managed by JM Financial, HSBC Securities, Nuvama Wealth, SBI Capital, and Centrum Capital, with KFin Technologies acting as registrar.
Earlier this year, the IPO of another NBFC Aye Finance received a lukewarm response.
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