Explore the latest news, in-depth reports, and executive analysis tagged with #Harshvardhan Lunia.
The dispute centres on what a person aware of the development describes as a dramatic collapse in Lendingkart's lending operations under the current management.
Co-founders Raichand Lunia and Harshvardhan Lunia, along with Mukul Sachan, who had stepped down in 2019, will also infuse capital.
Joshi’s elevation comes amid strategic leadership changes following a majority stake acquisition by Temasek’s Fullerton Financial Holdings (FFH).
Once approved, India Fintech Foundation (IFF) will be the second Fintech-SRO after Fintech Association of Consumer Empowerment (FACE).
Revenue from co-lending - which accounted for 54% of the operating revenue - jumped by 88% to Rs 591 crore in FY24.
The deal, which includes an investment of up to Rs 252 crore ($30 million), is awaiting regulatory approval.
