Kissht, Backed by Sachin Tendulkar, Set for IPO with Rs 4,200 Cr AUM
Kissht, a digital lending platform endorsed by Sachin Tendulkar, is gearing up for its initial public offering (IPO). The company, founded in 2015, has seen significant growth and is now preparing to file its draft red herring prospectus (DRHP) with SEBI later this month.
Kissht offers secured and unsecured loans across three segments and serves over 10 million customers across India. As of fiscal year 2025, the company's assets under management (AUM) exceeded Rs 4,200 crore ($502 million).
The company recently expanded into the secured credit space with a digital Loan Against Property (LAP) offering. In its last major funding round in 2022, Kissht raised $80 million from Vertex Growth and Brunei Investment Agency. Sachin Tendulkar was onboarded as a strategic investor and the first-ever ambassador of Kissht in 2023.
The upcoming IPO will comprise both a fresh issue of equity shares and an offer for sale (OFS). To enhance corporate governance and signal maturity to public market investors, Kissht has appointed Alok Bansal, co-founder of PB Fintech (Policybazaar), and Sangeeta Pendurkar, former CEO of Aditya Birla Fashion and Retail, as independent directors.
Kissht's IPO, set to happen after filing the DRHP with SEBI, will provide an opportunity for the public to invest in the company. With its expansion into new loan segments and strategic appointments, Kissht is positioning itself for further growth in the digital lending space.
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