Lendingkart Technologies handles technology and digital marketing, while Lendingkart Finance underwrites loans for small and medium enterprises from its own books. The entity provides collateral-free working capital loans ranging from Rs 50,000 to Rs 10 lakh to small businesses. Since inception, Lendingkart Finance has evaluated 1 lakh applications, disbursed more than 20,000 loans in more than 950 cities to more than 13,000 SMEs across 23 sectors. The new round takes the total funds, equity and debt, raised by Lendingkart Group to more than $173 million (Rs 1,129 crore), the press note added.

https://www.vccircle.com/fullerton-financial-leads-series-c-round-in-lendingkart-technologies/