New Delhi: Online loan platform Lendingkart Group said it has raised Rs 205 crore (USD 32 million) in second round of funding led by Bertelsmann India Investments. “With Bertelsmann India Investments (BII) onboard, we look forward to leveraging its deep understanding of global financial products as well as Internet businesses,” Lendingkart Group co-founder and CEO Harshvardhan Lunia said.
The fresh round of funding was led by BII and saw participation from Darrin Capital Management and existing investors – Mayfield India, Saama Capital and India Quotient, it added. With this, the company has raised Rs 260 crore (USD 41 million) till date.
“The latest infusion of growth capital will be used by Lendingkart Group for strengthening its data science capabilities, enhancing its technology platform as well as infrastructure for improved mobile capabilities,” the company said.
