Lendingkart

Lendingkart Finance Limited identifies itself as an RBI-registered NBFC with Mumbai registered office and CIN U65910MH1996PLC258722. The page markets collateral-free business loans up to INR50 lakh, digital KYC and funding within three days, while claiming 250,000 MSMEs served, 300,000+ loans, 4,100+ towns and cities, 10 lakh+ app downloads and ten years of operations. Its FAQ says rates start at 17.25%, payments may take 48 working hours to reflect and an NOC usually takes ten days after loan closure.

The company describes technology-driven MSME working-capital finance using big-data analysis and lists its current board and management. Prashant Prakash Joshi is Managing Director and CEO; named functional leaders cover business, operations and customer service, risk, credit operations, data science, finance and capital markets.

The official profile describes Lendingkart as privately held, founded in 2014, headquartered in Ahmedabad and in the 201-500 employee band; 1,463 associated profiles were visible at access time but are not audited headcount. Current 2026 posts describe operations across nine states and 10,000+ pincodes and new sales offices in Jaipur, Nagpur, Vadodara and Nashik, a narrower footprint description than lifetime company reach claims.

The page markets INR1 lakh-INR50 lakh unsecured business loans, monthly installments over one to three years, same-day approval and transfer within three days. It gives conflicting qualification and fee details: the hero says two years in business, the body says 12 months and INR75,000 turnover in the prior three months, and processing is variously capped at 3% and 4%. The page says rates start at 13.5%, no pre-closure charge and delayed-payment charges of INR300 plus 0.1% per day.

The pricing page says business-loan rates start at 13.5%, ticket size is INR1 lakh-INR50 lakh, tenure one to three years, processing up to 4%, no foreclosure fee and sanction within three working days. It repeats 12 months of operations and INR75,000 turnover in the previous three months as eligibility inputs.

The working-capital product is presented as INR1 lakh-INR35 lakh, 17.25% starting interest, monthly repayment over one to three years and processing up to 4%, with no pre-closure fee. Suggested uses include salaries, rent, raw materials, utilities, inventory and bridging delayed revenue; eligibility includes 12 months of operations and INR75,000 turnover in the previous three months.

The application flow promises a two-minute eligibility check, document upload within 24 hours, an offer within 24 hours, agreement signing within 24 hours and funding after verification. It names PAN, Aadhaar, bank statements and business-registration documents and authorizes bureau, GST and CKYCR access plus sharing with affiliates and lending partners. The page says INR1 lakh-INR35 lakh at 13.5% over one to three years and says pre-closure is INR0 but may apply case by case. It hosts four named testimonials: Shvet Sanghvi/Shrenik Enterprises, Shital Thakkar/Indian Experts Training Academy, Maduri Dharma Prakash/Dharma Prakash Pvt Ltd and Girish Ahir/Vageshwari Apparel.

The board-approved policy, approved 29 May 2026, sets business-loan interest at 13.5%-35% on reducing balance and permits fixed or floating rate with weekly, biweekly, monthly or quarterly repayment. Pricing considers funding cost, acquisition and execution cost, credit and interest-rate risk, industry, geography, bank statements, income, obligations, bureau profile and relationship. Processing is capped at 3% excluding GST, while another section describes collective cost components at an approximately 4% upper cap. It also sets INR1,200 documentation, APR-spread caps by ticket, no foreclosure fee, mandate and dishonor fees, late charges and a three-day cooling-off period that can retain up to 2% processing fee.

The official Android listing shows 10 lakh+ downloads and a 29 June 2026 update. It advertises INR50,000-INR2 crore, 1.25% monthly interest and six to 36 months, which conflicts with current web pages. A worked example discloses INR104,000 principal, INR93,500 disbursed, INR10,500 charges, 1.25% monthly interest, 28.66% annualized interest, 22%-32% APR and INR119,604 total repayment. Features include digital documentation, Account Aggregator bank statements, EMI payment, additional-credit requests and support tickets, and the listing explicitly names ecommerce inventory and retail use cases.

The policy covers identity and video-KYC data, financial and bank statements, GST, bureau and Account Aggregator data, and bank/UPI information used for collection and repayment. It describes India data storage and sharing with service providers, affiliates and lending partners subject to the stated purposes and consents.

The company names workflow providers across field inspection, bureau, e-sign, KYC, eNACH, PAN-Aadhaar verification, bank-statement conversion, GST/KYB, Account Aggregator, payments, BBPS and collections CRM. Named providers include Astute, Cashfree, CRIF, Digio, Digitap, Experian, Finbox, IDfy, Karza, OneMoney, Perfios, Razorpay, Setu and Vymo. The page states retention for five years after last processing and deletion within 90 days thereafter.

2gthr is positioned for bank/NBFC co-origination and co-lending. Lendingkart says its machine-learning engine is trained on 500,000+ applications and 5,000+ data points to facilitate credit decisions; partner policies and document requirements can customize flows. The system integrates digital KYC, e-sign and e-mandates, offers a co-lender dashboard with decision and funnel visibility and supports host-to-host API integration with lender LOS/LMS systems. The wording does not establish fully autonomous final credit authority.

As of 31 May 2026 the official list names 14 active co-lenders: MAS Financial, Mahindra Finance, Bank of Maharashtra, Punjab National Bank, Arka Fincap, Axis Bank, Credit Saison India, Northern Arc, Punjab & Sind Bank, Poonawalla Fincorp, TruCap, Bank of India, Canara Bank and Vivriti.

The framework covers the loan lifecycle from origination and disbursement through servicing and recovery. Lendingkart sources, underwrites and initially disburses under mutually agreed norms, retains at least 20% and the bank can take 80% within 15 days. Lendingkart manages disbursement, servicing, collections, grievance handling and reconciliation; disbursements and repayments use a jointly operated escrow, with unified statements and audit trails. Each arrangement requires committee and board approvals.

The DSA/channel-partner program markets relationship-manager coverage across 4,000+ cities, a personalized portfolio dashboard, payouts after disbursement, APIs offering an end-to-end application view and managed assistance through company staff.

The page says Lendingkart uses big data and machine learning to evaluate creditworthiness and describes a proprietary platform spanning distribution, origination, underwriting, engagement and collections with open APIs across the funnel. It repeats historical traction of INR19,000+ crore of loans to over three lakh MSMEs across 4,100+ towns.

The audited group report says Fullerton acquired more than 50% and control on a fully diluted basis on 27 March 2025. At 31 March 2025 the group had 1,224 employees including 435 off-roll, versus 1,604 including 683 off-roll a year earlier. FY25 AUM was INR5,000 crore, disbursement INR1,855 crore and revenue from operations INR862 crore, versus INR7,127 crore, INR5,567 crore and INR1,142 crore respectively in FY24. Higher delinquencies led to cautious disbursement and tighter underwriting. The report describes proprietary analytical and machine-learning systems for underwriting, delivery and collections with human touchpoints; a broader platform revamp was future work, not current functionality. The acquired Upwards business was subsequently slated for discontinuation and goodwill write-down.

The lender's audited statements report FY25 revenue from operations of INR852.1945 crore, total income INR866.9894 crore and a loss after tax of INR288.3396 crore, compared with FY24 revenue from operations of INR1,141.9510 crore and profit after tax of INR50.0755 crore. The report also records Fullerton's indirect control through its majority holding in LTPL from March 2025.

The announcement said Fullerton Financial Holdings or an affiliate would invest up to INR252 crore and become majority controlling shareholder subject to approval; later audited reports establish control in March 2025. It says Lendingkart was founded in 2014 by Harshvardhan Lunia, names Fullerton, Bertelsmann, Mayfield India, Saama, Sistema Asia and India Quotient as investors and reports about INR1,050 crore equity raised to date, 300,000 loans, INR20,000 crore disbursed, 4,100+ towns and cities and 14,700 pincodes. It also describes the platform as covering distribution through collections with open APIs.

The company says it is looking to raise INR850 crore of fresh equity from Fullerton and existing investors. The wording is prospective and does not establish that the capital was completed, received or reflected in the current cap table.

The RBI list includes Lendingkart Finance Limited, formerly Aadri Infin Limited, as a Mumbai-registered non-deposit-taking investment and credit company in the Middle Layer, with CIN U65910MH1996PLC258722.

Fullerton's portfolio page identifies its 2018 investment and historically states 40% shareholding. That figure is stale relative to Lendingkart's FY25 audited report, which establishes more than 50% control in March 2025. The page independently describes Lendingkart Finance as a non-deposit-taking NBFC offering working-capital and business loans.

Monthly EMI repayment can use automatic bank debit/NACH, online banking, UPI or other digital methods and in some cases cheque; the selected mode is set up during the loan process.

The terms authorize repayment mandates and recovery rights, allow appointment of agents and legal representatives and say prepayment requires written approval, which conflicts with live product and rate pages advertising no foreclosure charge. The terms do not make credit approval unconditional or fully automated.

The code requires sanction terms before agreement, copies of executed agreements and privacy terms at sanction or disbursement, disbursement only to the borrower's bank account, disclosure of recovery agents and non-coercive collection conduct. These are human, legal and policy gates around the digital workflow.

Lendingkart discloses optional third-party products including health-card packages priced INR1,000-INR5,000, wallet protection at INR999-INR4,799 and financial-health-report products at INR2,359-INR4,719. The current pricing policy also treats insurance and other cross-sell items as voluntary components that can enter APR disclosures.

Shiprocket Capital's current public page names some collaborating NBFCs, including InCred, Indifi, Klub, Stride, Vedfin, Velocity and GetVantage, but does not name Lendingkart. Because the list is expressly non-exhaustive, this absence does not prove a structural exclusion or rule out a private relationship.

The page discusses seller lending and ecommerce use of financing for inventory, team costs, daily operations and promotion. It presents older generic ranges of INR25,000-INR2 crore and one to five years. It does not clearly establish a current direct Flipkart integration or bilateral seller-financing partnership, so it is retained only as historical ecommerce-fit evidence.

Hari Kishan of Delhi-based manufacturer Hari Industries describes using Lendingkart working capital to support expansion. The vendor-hosted story discloses no amount, baseline, timeframe or achieved quantified result.

Shivani of S R Trading Company, a Delhi raw-material supplier to battery manufacturers, describes a financing need and credits Lendingkart as part of the company's success. No capital amount or quantified outcome is supplied.

Sandeep Jangra of NCR Roadways provides qualitative vendor-hosted customer proof. The public description supplies no normalized capital amount, baseline, measurement window or achieved metric.

Juliet Karodi of William Marketing, described as an educator, says Lendingkart credit helped continue her education-related impact. The story is qualitative and vendor-hosted.

Subhash Tripathi of P.J. International describes competitive pressure and business expansion supported by a Lendingkart working-capital loan. No achieved numeric outcome is disclosed.

Jaydevra Dada of an ACC Cement dealership in Mahuva, Gujarat describes an 18-year dealership and Lendingkart support. The 18-year figure is customer-business vintage, not a Lendingkart outcome.

Dineshbhai Ladhava of Bajrang Furniture Mart in Alang describes a family business operating for more than 30 years in a market said to contain 800 businesses. Both numbers are customer/market context rather than financing outcomes; the support claim is qualitative.

Umesh and Komal Gupta of GM Chemicals discuss recovering from a setback in a prior gold business, building a profitable chemical-trading operation and supporting water conservation. The Lendingkart-hosted story does not quantify financing attribution.

Suleman, a dairy-farm owner in Lucknow, describes growing his business and supporting family and community with Lendingkart assistance. No amount, baseline, period or quantified attributable outcome is disclosed.

Roshan Shah of Delhi industrial-valve business JSR Global says a large order created a funding need, banks rejected the request and Lendingkart provided a collateral-free loan within two days. The two-day workflow metric is named and vendor-hosted, but the amount and business outcome are not disclosed.

An official short identifies a customer only as Sandeep and provides qualitative financing endorsement. The surname and business are not disclosed, so the record is not merged with Sandeep Jangra of NCR Roadways.

Gulshan of Faridabad automobile business GSMB Sales Corporation describes starting during the first COVID wave and says the business grew exponentially. Without baseline, values, dates or formula, the qualitative growth wording is not normalized as a metric.

This official short repeats Gulshan's GSMB Sales Corporation story. It is retained as a distinct official proof URL but normalized into the same customer case as the full video.

Chandan Kumar, a Delhi security-business owner, describes Lendingkart support during the pandemic. The proof is qualitative, with business legal name, amount and outcome absent.

This official short repeats Chandan Kumar's pandemic financing story and is deduplicated into the full-video customer case.

Kavita Sethi of Unique Auto Components describes using capital to scale the business. The official story gives no capital amount, baseline, timeframe or quantified achieved outcome.

Shashanka Reddy of Shashank Reddy Enterprises describes access to Lendingkart capital. Any company-scale figures in the video are historical aggregate marketing context, not an outcome for this named customer.

Ajay Kulkarni and Dipankar Ghosh of Hyderabad marketing agency The Go-To-Guy describe pandemic financial pressure and Lendingkart support. The story is qualitative and provides no amount or measured outcome.

A.R. Moin Footwear of Challakere, Karnataka compares traditional lending with Lendingkart. No individual customer contact, amount, timing or achieved business outcome is disclosed.

An unnamed small grocery owner is depicted turning a shop into a supermart and receiving an offer after a five-minute application. The promotional narrative does not identify the borrower, capital amount, baseline or achieved outcome.

This official short repeats the anonymous grocery-to-supermart narrative and is retained as a distinct URL but normalized into one anonymous case.

The official video claims 60% of Lendingkart customers are first-time borrowers and at least ten lakh lives have been impacted. It provides no cohort date, customer count, impact definition, raw data or formula, so the claims remain anonymous aggregate proof.

The official LinkedIn post repeats The Go-To-Guy customer story. It is retained as a distinct official customer-proof URL and deduplicated into the Ajay Kulkarni and Dipankar Ghosh case.