Total amount raised
$142.5 Millions
Latest funding date
6/1/2022
Location
Kissht has successfully raised significant funding across multiple rounds, with its latest being a Series E. The platform specializes in providing quick and paperless loans to consumers, making financial access easier and more efficient.
Keep reading to explore the intricacies of Kissht's fundraising journey and the investors backing this innovative platform.
What Is Kissht?
Kissht, founded in 2015, is a financial technology platform based in Mumbai, Maharashtra, India. The company specializes in providing quick and paperless loans to consumers, making financial access easier and more efficient.
The platform was co-founded by Karan Mehta, Krishnan Vishwanathan, Ranvir Singh, and Sonali Jindal. Kissht offers a range of loan products, including personal loans, business loans, and loans against property.
With a workforce of 251-500 employees, Kissht continues to innovate in the fintech space, ensuring seamless credit access for consumers across India.
How Much Funding Has Kissht Raised?
- Series E
- Amount Raised: $80M
- Date: June 2022
- Lead Investors: Brunei Investment Agency, Vertex Growth Fund
- Valuation at Round: $480-$500 million
- Motivation Behind the Round: To expand product offerings, including credit-backed cards and the launch of a new millennial-focused brand called Ring.
- Series D
- Amount Raised: ₹1B (approximately $13.36M)
- Date: January 2022
- Lead Investors: Northern Arc, Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely for growth and expansion purposes.
- Debt Financing
- Amount Raised: ₹500M (approximately $6.68M)
- Date: July 2019
- Lead Investors: Navi Technologies
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and growth initiatives.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: iLabs Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Series C
- Amount Raised: $30M
- Date: September 2018
- Lead Investors: Sistema Asia Capital, Vertex Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Series B
- Amount Raised: $10M
- Date: November 2017
- Lead Investors: Fosun RZ Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and enhance product offerings.
- Series A
- Amount Raised: $2M
- Date: June 2017
- Lead Investors: Endiya Partners, VenturEast
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and product development.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and initial product offerings.
Kissht has raised a total of $142.04M in funding. The current valuation is $480-$500 million.
Key Investors
- Brunei Investment Agency
- Details: The Brunei Investment Agency is a government-owned investment agency that manages the sovereign wealth fund of Brunei. It focuses on a diverse range of global investments to ensure the financial stability of the nation.
- Investment Focus Areas: Technology, real estate, financial services.
- Notable Investments: Not publicly disclosed.
- Vertex Growth Fund
- Details: Vertex Growth Fund is a growth-stage venture capital firm that invests in high-growth companies. It aims to support companies that are scaling rapidly and need capital to fuel their expansion.
- Investment Focus Areas: High-growth technology companies, healthcare, consumer services.
- Notable Investments: Grab, PatSnap, FirstCry.
- Northern Arc
- Details: Northern Arc is a financial services platform that provides debt financing to companies in various sectors. It aims to enable financial inclusion by offering credit to underserved segments.
- Investment Focus Areas: Financial inclusion, microfinance, small and medium enterprises (SMEs).
- Notable Investments: Not publicly disclosed.
- Trifecta Capital Advisors
- Details: Trifecta Capital Advisors is a venture debt firm that provides growth-stage companies with flexible financing solutions. It focuses on supporting companies with strong growth potential.
- Investment Focus Areas: Technology, consumer services, healthcare.
- Notable Investments: BigBasket, UrbanClap, CarDekho.
- Vertex Ventures
- Details: Vertex Ventures is a venture capital firm that invests in early-stage companies in Southeast Asia and India. It supports innovative startups with the potential to disrupt their industries.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Grab, Patsnap, FirstCry.
What's Next for Kissht?
With the recent $80 million funding, Kissht is poised to seize significant opportunities in the fintech space. The company plans to expand into credit-backed cards and launch a millennial-focused brand called Ring, targeting over 150 million underserved young millennials in India. This market, with its low credit card penetration, presents a vast growth potential for Kissht.
Future fundraising opportunities seem promising, given the company's ambitious plans to issue 10 million cards in the next 12-18 months and enhance its product offerings. However, Kissht will face challenges such as intense competition from other fintech companies and regulatory scrutiny. Navigating these hurdles will be crucial for sustaining growth and achieving its goals.
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