Kissht, the listed Indian NBFC focused on consumer and business lending, has secured board approval to raise ₹832.2 crore through a preferential equity issuance to 34 investors. This funding marks a key step to support the company’s rapid growth and expanding financial services.
- ₹832 crore preferential share issue approved by board
- Top investors include Axis funds, MIT, Envision Capital
- Recent strong Q1 profit and revenue growth reported
What happened
Among the investors receiving shares are Axis Flexi Cap, Axis Multi Cap, and Axis Small Cap Funds collectively allotted shares worth close to ₹200 crore. Massachusetts Institute of Technology, through two distinct investment vehicles, will acquire shares valued at about ₹85 crore. Other significant allotments include Envision Capital, First Bridge PE, Ashoka WhiteOak Capital entities, and various other financial institutions and smaller strategic investors. Individual investors such as Ameeta Rajendra Naik and Anil Shah are also part of this round.
Why it matters
This fundraise follows Kissht’s successful public debut earlier this year, where its listing price surged by nearly 12% over the IPO price, highlighting strong market confidence in the company’s business model and growth prospects. The capital raised will likely bolster Kissht’s capacity to scale lending operations, expand product offerings, and invest in new financial services channels including its recently approved mutual fund distribution arm under Invincible Minds.
With a rapidly expanding active customer base that doubled year-on-year to 3.49 million in Q1 FY27 and a network of over 100 branches across multiple Indian states and union territories, Kissht is clearly positioning itself as a leading digital lending tech platform in India. Strong financial performance with a 59% jump in consolidated net profit and 45% revenue growth in the quarter further underscores the success of its growth strategy.
What to watch next
Investor interest from prominent mutual funds, PE firms, and academic-affiliated entities like MIT could drive additional institutional credibility and potential strategic collaborations. Additionally, evolving competitive dynamics in India’s digital lending sector, regulatory developments, and Kissht’s ability to maintain high loan growth and asset quality will be critical factors influencing its market positioning and share price performance.