TechKissht board approves ₹832 crore fundraise, pending regulatory and shareholder approvals
Inc42 reports that the digital lender plans to raise the money from 34 investors through a preferential share issue. Participants are set to include Axis Mutual Fund, Groww and Bandhan Small Cap Fund.
TLDR
Kissht’s board has approved a ₹832 crore fundraise from 34 investors, Inc42 reports, but regulatory and shareholder approvals are still required. Planned participants include Axis Mutual Fund, MIT-linked entities, Groww and Bandhan Small Cap Fund. Inc42 also reports that Kissht’s Q1 FY27 net profit rose 59% to ₹95.1 crore, while operating revenue grew nearly 45% to ₹669.5 crore.
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Kissht board approves ₹832 crore fundraise, pending regulatory and shareholder approvals
Inc42 reports that the digital lender plans to raise the money from 34 investors through a preferential share issue. Participants are set to include Axis Mutual Fund, Groww and Bandhan Small Cap Fund.
TLDR
Kissht’s board has approved a ₹832 crore fundraise from 34 investors, Inc42 reports, but regulatory and shareholder approvals are still required. Planned participants include Axis Mutual Fund, MIT-linked entities, Groww and Bandhan Small Cap Fund. Inc42 also reports that Kissht’s Q1 FY27 net profit rose 59% to ₹95.1 crore, while operating revenue grew nearly 45% to ₹669.5 crore.