Flipkart founder Sachin Bansal has reportedly invested ₹50 crore (about $7 Mn) in a consumer lending startup Kissht. The investment is said to be made in the form of debt funding through Bansal and Ankit Agarwal’s investment firm BAC Acquisitions.
Founded by Krishnan Vishwanathan and Ranvir Singh in 2015, the Mumbai-based company provides purchase financing and personal loans to its customers through a financial technology platform which is integrated with online and offline merchants.
Earlier in 2018, Kissht has raised $30 Mn in a Series C financing round led by Vertex Ventures Southeast Asia (SEA) and India and Sistema Asia Fund, along with participation from existing investors Fosun RZ Capital, Ventureast, and Endiya Partners.
An Inc42 query to Kissht did not elicit a response till the time of publication.
Prior to its Series C round, Kissht had also raised a $10 Mn funding in a round led by Chinese investment conglomerate, Fosun International. It had also secured $2 Mn earlier in 2017 from Hyderabad-based, early-stage venture capital firm Endiya Partners and Ventureast.