About Lendingkart
Lendingkart is a company based in Ahmedabad (India) founded in 2014 by Harshvardhan Lunia.. Lendingkart has raised $260.24 million across 30 funding rounds from investors including InCred, Yes Bank and Axis Bank. The company has 790 employees as of April 30, 2025. Lendingkart has completed 2 acquisitions, including Kountmoney and Upwards. Lendingkart operates in a competitive market with competitors including FlexiLoans, Funding Societies, Bizongo, Yubi and GoKwik, among others.
- Headquarter Ahmedabad, India
- Employees 790 as on 30 Apr, 2025
- Founders Harshvardhan Lunia
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$147.13 M (USD)42as on Mar 31, 2024
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Net Profit
$393.1 K (USD)-97as on Mar 31, 2024
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EBITDA
$44.58 M (USD)-6as on Mar 31, 2024
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Total Equity Funding
$260.24 M (USD)
in 30 rounds
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Latest Funding Round
$20.23 M (USD), Series E
Mar 27, 2025
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Investors
InCred
& 37 more
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Employee Count
790
as on Apr 30, 2025
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Investments & Acquisitions
Kountmoney
& 1 more
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Software Development Team
37 people
Leadership Team
24 people
Product Management Team
12 people
Senior Team
7 people
Human Resources and Administration
5 people
Legal and Compliance
4 people
Sales and Marketing
3 people
Operations Team
3 people
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Funding Insights of Lendingkart
Lendingkart has successfully raised a total of $260.24M across 30 strategic funding rounds. The most recent funding activity was a Series E round of $20.23 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 30
- Last Round Series E — $20.2M
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First Round
First Round
(26 Feb 2015)
- Investors Count 38
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series E - Lendingkart | Valuation | Fullerton Financial Holdings |
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| Jan, 2025 | Amount | Series D - Lendingkart | Valuation | Stride Ventures |
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| Dec, 2024 | Amount | Series D - Lendingkart | Valuation | Upwards |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lendingkart
Lendingkart has secured backing from 38 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include InCred, Yes Bank and Axis Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in financial services targeting SME and Mass Market in Asia Pacific.
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Founded Year | Domain | Location | |
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Venture debt is provided to growth-stage companies for business scaling.
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Founded Year | Domain | Location | |
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Debt and equity investments are managed by this private fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lendingkart
Lendingkart has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Kountmoney and Upwards. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Instant personal loans are provided by Upwards in India.
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2017 | ||||
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B2C lending marketplace for personal loans
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lendingkart
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lendingkart Comparisons
Competitors of Lendingkart
Lendingkart operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FlexiLoans, Funding Societies, Bizongo, Yubi and GoKwik, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Business loans and financial products for MSMEs are provided.
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| domain | founded_year | HQ Location |
Business loans are provided via a P2P marketplace platform.
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| domain | founded_year | HQ Location |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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| domain | founded_year | HQ Location |
Business loans are facilitated through an online debt marketplace.
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| domain | founded_year | HQ Location |
Software solutions are provided for e-commerce and D2C brands.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lendingkart
Frequently Asked Questions about Lendingkart
When was Lendingkart founded?
Lendingkart was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Lendingkart located?
Lendingkart is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Who is the current CEO of Lendingkart?
Harshvardhan Lunia is the current CEO of Lendingkart. They have also founded this company.
Is Lendingkart a funded company?
Lendingkart is a funded company, having raised a total of $260.24M across 30 funding rounds to date. The company's 1st funding round was a Series D of $2.14M, raised on Feb 26, 2015.
How many employees does Lendingkart have?
As of Apr 30, 2025, the latest employee count at Lendingkart is 790.
What is the annual revenue of Lendingkart?
Annual revenue of Lendingkart is $147.13M as on Mar 31, 2024.
What does Lendingkart do?
Lendingkart was founded in 2014 and is based in Ahmedabad, India. Unsecured loans and working capital financing are offered to micro, small, and medium enterprises through a digital platform. Collateral-free options are available with a simplified application process. Financial calculators and resources are also provided to support business financial management. Operations focus on the Indian MSME sector.
Who are the top competitors of Lendingkart?
Lendingkart's top competitors include Funding Societies, FlexiLoans and Yubi.
How many acquisitions has Lendingkart made?
Lendingkart has made 2 acquisitions, including Kountmoney, and Upwards.
Who are Lendingkart's investors?
Lendingkart has 38 investors. Key investors include InCred, Yes Bank, Axis Bank, Manappuram Finance, and Northern Arc Capital.
What is Lendingkart's valuation?
The valuation of Lendingkart is $80.28M as of Jan 2025.
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