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Lendingkart Technologies revenue triples but loss widens by 31 pc to Rs 52 Cr in FY18

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30.10.2018

Ahmedabad-based Lendingkart Technologies reported a consolidated loss of Rs 52.26 crore despite a three-fold increase in revenue.

Lendingkart Technologies, parent of digital SME lender Lendingkart reported a three-fold increase in its consolidated revenue in FY18. The company’s consolidated revenue grew to Rs 91.8 crore last fiscal from Rs 35.6 crores in FY17.

Lendingkart's total expenses almost doubled from Rs 75.5 crores in FY17 to Rs 144.15 crores in FY18. This increase in operations also led to widening losses for the........

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