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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People of Lendingkart
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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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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.
| 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 |
Investments & Acquisitions by Lendingkart
Lendingkart has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Kountmoney and Upwards.
| 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 |
Financial Statements - Lendingkart
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.
| 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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Frequently Asked Questions about Lendingkart
Lendingkart was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Lendingkart is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Harshvardhan Lunia is the current CEO of Lendingkart. They have also founded this 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.
As of Apr 30, 2025, the latest employee count at Lendingkart is 790.
Annual revenue of Lendingkart is $147.13M as on Mar 31, 2024.
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.
Lendingkart's top competitors include Funding Societies, FlexiLoans and Yubi.
Lendingkart has made 2 acquisitions, including Kountmoney, and Upwards.
Lendingkart has 38 investors. Key investors include InCred, Yes Bank, Axis Bank, Manappuram Finance, and Northern Arc Capital.
The valuation of Lendingkart is $80.28M as of Jan 2025.