Lending company Kissht raises $80 Mn in a new round

Consumer lending company Kissht has raised $80 million in a new round led by Vertex Growth and Brunei Investment Agency. Existing investors Vertex Ventures SEA India and Endiya Partners also participated in the round.

For Kissht, this is the second funding round in 2022. The Mumbai-based startup had secured Rs 100 crore or $13.3 million in debt from Trifecta Capital and Northern Arc in Jan. So far, it has scooped up around $275 million across equity and debt rounds.

The company will deploy the fresh proceeds toward enhancing its product design, scaling up card issuances to 10 million in the next 12-18 months, increasing its book size and improving its technology backend, said Kissht in a release. While the company did not disclose its valuation, an ET report estimated it at around $500 million citing sources.