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Lendinkart Group has raised Rs 205 crore (USD 32 million) in second round of funding led by Bertelsmann India Investment.
Harshvardhan Lunia, Lendingkart Group co-founder and CEO has said in a statement that “With Bertelsmann India Investments (BII) onboard, we look forward to leveraging its deep understanding of global financial products as well as Internet businesses.”
According to the company, of the Rs 205 crore funding, about Rs 128 crore (USD 20 million) was raised as equity and about Rs 77 crore (USD 12 million) as debt in the second round or series B funding.
