About Lendingkart
Lendingkart is a Financial Services company based in Ahmedabad (India) founded in 2014 by Harshvardhan Lunia. Provider of unsecured business loans and working capital financing to MSMEs. Lendingkart has raised $260.24 million across 30 funding rounds from investors including InCred, Yes Bank and Axis Bank. The company has 790 employees. Lendingkart has completed 2 acquisitions, including Kountmoney and Upwards. Lendingkart was last valued at $80.28 million in January 2025. Its chief executive, as recorded, is Harshvardhan Lunia. Its website lendingkart.com draws about 117 thousand monthly visits. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include FlexiLoans, Bizongo and Yubi; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Ahmedabad, India
- Employees 790
- Founders Harshvardhan Lunia
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website lendingkart.com
- Social LinkedIn X Facebook
- Annual Revenue$147.13 M (USD)42as on Mar 31, 2024
- Net Profit$393.1 K (USD)-97as on Mar 31, 2024
- EBITDA$44.58 M (USD)-6as on Mar 31, 2024
- Total Equity Funding$260.24M (USD)
in 30 rounds
- Latest Funding Round$20.23M (USD), Series E
Mar 2025
- InvestorsInCred
& 37 more
- Employee Count790
- Investments & AcquisitionsKountmoney
& 1 more
Associated legal entities of Lendingkart
Lendingkart is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Lendingkart Technologies Private Limited CIN U72900GJ2014PTC081539 | Active | 15 Dec 2014 | Ahmedabad, Gujarat | ₹70.6 Cr | 181 | 7 | View details |
| Lendingkart Finance Limited CIN U65910MH1996PLC258722 | Active | 26 Dec 1996 | Mumbai, Maharashtra | ₹867 Cr | 672 | 11 | View details |
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 $260.24M
- Total Rounds 30
- Last Round Series E — $20.23M
- First Round $10.65M
(Feb 2015)
- Investors Count 38
Latest 10 of 30 funding rounds of Lendingkart with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2025 | $20.23M | Series E | – | Fullerton Financial Holdings | – |
| Jan 2025 | $464,120 | Series D | $80.28M | Stride Ventures | – |
| Dec 2024 | $2.14M | Series D | $820.65M | Upwards | – |
| Oct 2024 | $9.23M | Series D | $••••• | Fullerton Financial Holdings | – |
| Jun 2024 | $11.98M | Debt – Conventional | – | – | |
| May 2024 | $958,720 | Series D | $••••• | Stride Ventures | – |
| May 2024 | $10M | Debt – Venture | – | – | |
| Jun 2023 | $24.39M | Debt – Conventional | – | – | |
| Aug 2022 | $6.29M | Debt – Conventional | – | – | |
| Jul 2022 | $9.5M | Debt – Conventional | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2025 | $80.28M | •••••••• |
| Dec 2024 | $820.65M | •••••••• |
| Oct 2024 | $••••• | •••••••• |
| May 2024 | $••••• | •••••••• |
| Apr 2022 | $••••• | •••••••• |
| May 2020 | $••••• | •••••••• |
| Aug 2019 | $••••• | •••••••• |
| Jun 2019 | $••••• | •••••••• |
Full valuation and stage history of Lendingkart
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Last known valuation $80.28M (Jan 2025). 38 investors in total: 34 institutional and 4 angel.
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 |
|---|---|---|---|---|
Investments in financial services targeting SME and Mass Market in Asia Pacific. | fullertonfinancial.com | |||
Venture debt is provided to growth-stage companies for business scaling. | strideventures.global | Delhi, India | ||
Debt and equity investments are managed by this private fund. | 2001 | blueorchard.com | Zurich, Switzerland | |
Private debt fund focused on growth-stage technology companies | evolutionx.com.sg | Singapore, Singapore | ||
Diversified investment portfolios are managed for various clients. | triodos-im.com | Driebergen Rijsenburg, Netherlands | ||
Investment services in private credit, seed funds, growth equity, and late-stage equity for businesses in India. | 2015 | anicutcapital.com | Chennai, India | |
Development financing is provided for entrepreneurial ventures in emerging markets. | 1970 | fmo.nl | The Hague, Netherlands | |
Investment in Indian startups across technology and fintech sectors. | 2012 | indiaquotient.in | Mumbai, India | |
Venture capital firm backed by Bertelsmann | 2012 | biifund.com | Abcoude, Netherlands | |
Sistema is engaged in investment management and financial services. | 1993 | sistema.com | Moscow, Russia |
Investor details for Lendingkart
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Lendingkart
The boards of the 2 registered companies of Lendingkart currently have 8 directors; the longest-serving is Raichand Lunia Sardarmal, appointed in 2015. 47 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Raichand Lunia Sardarmal DIN 01188845 | Director | 13 May 2015 | 11 yrs 5 mo | Lendingkart Finance Limited |
| Anindo Mukherjee DIN 00019375 | Director | 05 Sep 2018 | 8 yrs 1 mo | Lendingkart Technologies Private Limited, Lendingkart Finance Limited |
| Hong Ping Yeo DIN 08401270 | Director | 02 Apr 2019 | 7 yrs 6 mo | Lendingkart Technologies Private Limited, Lendingkart Finance Limited |
| Pavan Pal Kaushal DIN 07117387 | Director | 28 Dec 2022 | 3 yrs 9 mo | Lendingkart Technologies Private Limited, Lendingkart Finance Limited |
| Sreeram Ranganathan Iyer DIN 00472961 | Director | 29 Mar 2024 | 2 yrs 6 mo | Lendingkart Finance Limited |
| Rashmi Sharma DIN 08746775 | Director | 19 Nov 2024 | 1 yr 11 mo | Lendingkart Finance Limited |
| Venkateswara Rao Thallapaka DIN 05273533 | Director | 27 Mar 2025 | 1 yr 6 mo | Lendingkart Technologies Private Limited, Lendingkart Finance Limited |
| Prashant Prakash Joshi DIN 06400863 | Managing Director | 24 Jul 2025 | 1 yr 3 mo | Lendingkart Technologies Private Limited, Lendingkart Finance Limited |
People of Lendingkart
112 people are tracked at Lendingkart (47 in leadership, 65 in team); the tracked headcount is 790.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Yash Kirkire | Chief Of Staff | Leadership |
Ram Vinayak Deshpande | Chief Marketing Officer | Leadership |
Ahsan Javed | VP, Technology | Leadership |
Lovish Sharma | Associate Director | Leadership |
Santhosh Kumar P | Associate Director, Product Management | Leadership |
Sanket Handa | Senior Director Of Product Management | Leadership |
Mukesh Kumar Choudhary | Sr Director - Litigation Collections (national Head - Litigation) | Leadership |
Dipanshu Rajpurohit | Chief Business Officer, Core Business | Leadership |
Manohar Chadalavada | Chief Risk Officer (cro) | Leadership |
Parthasaradhi B | Vice President, Head Of Engineering | Leadership |
Kamna Baweja | Chief Business Officer | Leadership |
Vikram Sirsi | Director Of Engineering | Leadership |
Mrinmoy Dey | Vice President - Chief Information Security Officer | Leadership |
Ameya Joglekar-Cfe | Vice President, Head - Fraud Control Unit | Leadership |
Deepesh Goel | Senior Vice President | Leadership |
Ayub Khan | Head Of Human Resources Operations And Compensation & Benefits | Leadership |
Prashant Chandra | Director - Collections | Leadership |
Nikita Bhargava | Associate Director | Leadership |
Manish Kumar | Senior Director | Leadership |
92 more people are available in the full profile.
Complete people profiles for Lendingkart
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Financials of Lendingkart
Figures of Lendingkart Technologies Private Limited, the primary company behind Lendingkart, for FY 2025. Revenue was ₹70.59 Cr (-61% year on year). Net loss was -₹450 Cr (-909% margin). EBITDA was -₹172 Cr (-348% margin). Revenue has grown at a compounded annual rate of -57% over three years and -36% over five years.
- ₹70.59 CrRevenue · FY 2025 · -61% YoY
- -₹450 CrNet loss · -909% margin
- -₹172 CrEBITDA · -348% margin
- ₹9.52 CrPaid-up capital
- 181Employees (provident fund records)
- -57%Revenue CAGR, 3 years
- -36%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Lendingkart Technologies Private Limited are on its company page.
Detailed financial statements for Lendingkart
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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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 | Acquired | Amount |
|---|---|---|---|---|---|---|
Instant personal loans are provided by Upwards in India. | upwards.in | Mumbai, India | 2017 | Feb 2023 | $12.08M | |
B2C lending marketplace for personal loans | kountmoney.com | Bengaluru, India | 2015 | Oct 2016 | •••• |
Complete acquisition details for Lendingkart
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Lendingkart
7 dated milestones of Lendingkart across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Lendingkart is founded.
- Funding First funding round of $10.7M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Kountmoney.
- Acquisition Acquires Upwards.
- Milestone Reaches Soonicorn status.
- Funding Latest funding round, Series E, of $20.2M.
Competitors of Lendingkart
Lendingkart has 3 listed competitors in our database, 3 of them funded. They include FlexiLoans, Bizongo and Yubi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flexiloans.com | 2016 | Mumbai, India | $96.88M | 624 | Business loans and financial products for MSMEs are provided. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| go-yubi.com | 2020 | Chennai, India | $240.86M | 505 | Business loans are facilitated through an online debt marketplace. |
Detailed competitors of Lendingkart
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Web traffic of Lendingkart
The website of Lendingkart (lendingkart.com) receives about 116.6K visits a month.
- Monthly visits116.6K
▼ 19.2% vs previous month
Websites whose visitors overlap most with Lendingkart. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| tatacapital.com | 100% | 2.8M | #25,533 | View details | |
| flexiloans.com | 96% | 416.6K | #100,123 | View details | |
| paisabazaar.com | 96% | 10.7M | #5,741 | View details | |
| herofincorp.com | 95% | 935.7K | #45,162 | View details | |
| kinaracapital.com | 92% | 23.7K | #1,131,224 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Lendingkart
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Top companies in Alternative Lending
3 companies that operate in the same segment as Lendingkart (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Lendingkart
Complete news archive for Lendingkart
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Articles about Lendingkart on our blog
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 CEO of Lendingkart, as recorded in our data. 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 Debt – Conventional of $9.5M, raised on Feb 2015.
Lendingkart has 790 employees.
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 FlexiLoans, Yubi and Bizongo.
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.
Lendingkart is associated with 2 legal entities: Lendingkart Technologies Private Limited, Lendingkart Finance Limited.