Kissht Secures Strong Anchor Investor Backing
Digital lending platform Kissht, operated by OnEMI Technology Solutions, has raised ₹278 crore (around $30 million) from anchor investors ahead of its IPO launch.
The company allotted 1.62 crore equity shares at the upper price band of ₹171 per share on April 29.
The anchor round comes just before the IPO opened for public subscription on April 30.
Strong Participation from Institutional Investors
The funding round saw participation from 22 anchor investors, including leading domestic mutual funds and global financial institutions.
Key Investors Included:
- HDFC Mutual Fund
- ICICI Prudential Mutual Fund
- WhiteOak Capital
- Bandhan Mutual Fund
- Goldman Sachs
- Citigroup
- BNP Paribas
Domestic mutual funds accounted for nearly 57% of the anchor allocation.
IPO Details and Changes
According to the company’s Red Herring Prospectus (RHP):
- Fresh issue size reduced from ₹1,000 crore to ₹850 crore
- Offer for sale (OFS) reduced from 8.8 million shares to 4.4 million shares
Existing investors planning partial stake sales include:
- Vertex Ventures
- Ammar Sdn Bhd
- Endiya Seed Co-creation Fund
- AION Advisory
Business Model and Growth
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht operates in the digital lending segment.
The platform offers:
- Small-ticket consumer loans
- EMI financing solutions
- Merchant-based lending partnerships
Its services span categories such as:
- Electronics
- Fashion
- Travel
- Consumer goods
Financial Performance
Kissht has reported strong financial growth in recent periods.
Nine Months Ended December 2025:
- Operating revenue: ₹1,560 crore
- Net profit: ₹199 crore
FY25 Performance:
- Revenue: ₹1,337 crore
- Net profit: ₹160 crore
The numbers indicate improving scale and profitability in the digital lending business.
IPO Management and Market Position
The IPO is being managed by:
- JM Financial
- HSBC Securities
- Nuvama Wealth
- SBI Capital
- Centrum Capital
Registrar:
- KFin Technologies
Growing Demand for Digital Lending
India’s digital lending ecosystem continues to expand due to:
- Rising fintech adoption
- Growth in online shopping
- Increasing demand for consumer credit
Platforms like Kissht are benefiting from this shift toward digital financial services.
Final Thoughts
Kissht’s ₹278 crore anchor round reflects strong institutional confidence ahead of its IPO.
With growing revenues, improving profitability, and a large consumer lending network, the company is positioning itself as a major player in India’s digital lending market.
As fintech adoption continues to rise, the IPO will be closely watched by investors looking at the future of consumer finance in India.
