Home / Business and Economy / Kissht Raises Rs 278 Cr Ahead of Major IPO
Kissht Raises Rs 278 Cr Ahead of Major IPO
30 Apr
Summary
- Kissht secured Rs 278 crore from anchor investors.
- The company's IPO is scheduled to launch on April 30.
- Kissht aims to raise Rs 926 crore through its public issue.
Digital lending platform Kissht has raised approximately Rs 278 crore from anchor investors as it prepares for its upcoming Initial Public Offering (IPO), scheduled to begin on April 30. The company has allotted over 1.62 crore equity shares to 22 anchor investors at Rs 171 per share.
Domestic mutual funds were the primary participants, accounting for 57% of the anchor book allocation. Notable investors included HDFC Mutual Fund, ICICI Prudential Mutual Fund, and global institutions like Goldman Sachs-backed funds. The total IPO aims to raise Rs 926 crore, comprising a fresh issue of Rs 850 crore and an offer for sale valued at Rs 76 crore.
Founded in 2015, Kissht has evolved from a checkout finance provider to offering instant personal loans through its own balance sheet and partnerships. The company has experienced rapid growth, with assets under management surging from Rs 1,267 crore in FY23 to Rs 5,955 crore by the first nine months of FY26. Revenue also saw a significant increase during this period.
Kissht reported over 63 million registered users as of December 31, 2025, and has served more than 11 million users to date. The company plans to utilize the funds raised from the IPO for further business expansion.
