Kissht Aims for IPO with Sachin Tendulkar's Backing, Bolsters Board
Kissht, a digital lending platform backed by cricket legend Sachin Tendulkar, is gearing up for an Initial Public Offering (IPO). The company has appointed two prominent figures, Alok Bansal and Sangeeta Pendurkar, as independent directors to bolster its board and enhance corporate governance ahead of the public listing.
Kissht, which serves over 10 million customers across India with assets under management (AUM) exceeding Rs 4,200 crore ($502 million), is set to file its draft red herring prospectus (DRHP) with SEBI later this month. The upcoming IPO will include both a fresh issue of equity shares and an offer for sale (OFS).
The platform, which offers secured and unsecured loans across three segments, recently expanded into the secured credit space with a digital Loan Against Property (LAP) offering for underserved customer segments. Sachin Tendulkar was onboarded as a strategic investor and the first-ever ambassador of Kissht in 2022.
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht previously raised $80 million in its last major funding round in 2022 from Vertex Growth and Brunei Investment Agency. While Sachin Tendulkar's involvement is confirmed, specific details on earlier financial backers or institutions involved in Kissht's funding remain unclear.
With the appointments of Alok Bansal and Sangeeta Pendurkar, Kissht signals its commitment to responsible governance as it prepares for its IPO. The company's expansion into the secured credit space and Sachin Tendulkar's endorsement have further strengthened its position in the digital lending landscape. As Kissht moves towards its public listing, investors and customers alike await further details on the IPO and the platform's future growth plans.
