Lendingkart Closes Series E Funding With Fullerton Investment

Lendingkart Technologies Private Limited (“LTPL”), India’s largest fintech company in the MSME lending space, has successfully closed its Series E funding round with a strategic investment from an affiliate of Fullerton Financial Holdings (FFH), an existing investor in LTPL, after receipt of approval from the Reserve Bank of India for the transaction. With this investment, Fullerton has completed the acquisition of a majority stake in LTPL. This milestone further strengthens Lendingkart Group’s long-term growth prospects, enhances resilience, and provides deeper financial flexibility to support sustainable growth.

As part of the Series E fundraise, Fullerton has infused a total of INR 252 Crores, which will enable Lendingkart Group to scale its reach, enhance its technology-driven credit underwriting processes, strengthen its risk mitigation systems, and lower the cost of funds for small business owners.

Commenting on the investment, Mr. Hong Ping Yeo, CEO of FFH, said: “FFH’s mission since inception is to be the catalyst in enriching lives and enabling success of customers and communities served by our portfolio companies across Asia. Our investments in Lendingkart are a testament to our continued belief in the MSME opportunity in India and that well governed, scalable franchises can bring significant value to small businesses. With the closure of Series E, we intend to enhance risk management, prioritize sustainable expansion, asset quality, profitability and maintain governance standards.”

Harshvardhan Lunia, Founder and MD of LTPL, said, “The successful closure of our Series E round is a strong validation of Lendingkart Group’s vision to empower MSMEs with ease of access to credit. With Fullerton’s strategic support, we will strengthen our underwriting capabilities, expand our lending capacity, and significantly increase loan disbursals to help small businesses thrive.”

The successful closure of this Series E fundraise underscores the growing confidence in India’s NBFC sector and Lendingkart Group’s pivotal role in driving financial inclusion for the country’s MSME sector.