Lendingkart, one of India’s most recognised fintech lenders for small businesses, is preparing to raise nearly $100 million in its Series F funding round. The fresh capital, worth around ₹850 crore, comes at a crucial stage as the company looks to strengthen its financial base, expand its lending operations, and enhance its technology-driven credit solutions for India’s growing MSME sector. The move also highlights investors’ renewed trust in digital lending platforms despite market challenges in the fintech space.
Investor Confidence and Expected Shareholding
The Series F funding is being led by Fullerton Financial, which already holds a controlling stake in the company. With this round, Fullerton is expected to increase its ownership to over 58 percent. The remaining investment comes from Lendingkart’s long-term backers, who continue to believe in the company’s mission and performance. The company will issue more than nine lakh Series F preference shares at a premium price point, reflecting investor confidence and Lendingkart’s steady progress in India’s competitive lending environment.
The involvement of established investors signals stability and long-term commitment. Even though the digital lending space has seen fluctuations in valuations, Lendingkart continues to attract strategic funding. This round is not only about capital infusion but also about ensuring operational stability and future growth. It reinforces the company’s goal of being one of India’s leading financial partners for small businesses.
How Lendingkart Plans to Use the Funds
Lendingkart intends to direct a significant part of the new capital towards strengthening its lending arm, Lendingkart Finance. This will enable the company to extend more credit to small traders, shop owners, and micro-enterprises that often lack access to formal financing. The new funds will support day-to-day operations, technology upgrades, product improvement, and market expansion.
The company has consistently focused on making business loans simple, fast, and accessible. With the fresh investment, Lendingkart aims to enhance its credit evaluation models, improve loan approval speed, and deliver smoother customer experiences. The company also plans to boost its risk management systems, ensuring that the rapid loan distribution process remains reliable and secure. This will help Lendingkart maintain its leadership in digital MSME lending and attract more borrowers across India.
Strong Track Record and Market Position
Over the years, Lendingkart has built an impressive lending portfolio, having disbursed more than ₹18,700 crore in loans to over three lakh small businesses. Its technology-driven model enables even first-time borrowers to access credit quickly, making the company a preferred choice among MSMEs. In FY24, Lendingkart recorded over ₹1,090 crore in revenue, although its profit declined slightly due to higher operating and credit-related expenses.
Despite facing valuation corrections in recent months, Lendingkart continues to be a strong player in the fintech lending sector. Investor interest in the company shows confidence in its business fundamentals, market reach, and long-term potential.
What This Means for India’s MSME Ecosystem
The upcoming Series F round marks an important step for Lendingkart and the wider MSME lending ecosystem. For small businesses, this means faster approvals, easier access to working capital, and better support for growth. For the fintech industry, it sends a positive signal that investor faith remains strong for companies with solid track records and scalable models.
Lendingkart’s fresh funding will help power digital credit access across more cities and towns, giving millions of small entrepreneurs the financial tools they need to grow confidently.