Kissht secures Rs 278 Cr from anchor investors
- ByStartupStory | April 30, 2026
Digital lending platform Kissht, operated by OnEMI Technology Solutions, has raised Rs 278 crore ($30 million) from 22 anchor investors at the upper price band of Rs 171 per share on April 29.
The anchor round comes a day ahead of the company’s IPO opening for subscription on April 30 (today).
According to the company’s stock exchange filing, it allotted 1.62 crore equity shares to anchor investors at Rs 171 per share, raising Rs 278 crore. Of the total anchor allocation, 92.58 lakh shares, or 57%, were allotted to seven domestic mutual funds across 13 schemes, accounting for Rs 158.32 crore.
Key anchor investors include domestic mutual funds such as HDFC MF, ICICI Prudential, WhiteOak Capital, Bandhan, Quant MF, Tata Banking & Financial Services, and Sundaram MF, along with global institutions including Goldman Sachs, Citigroup, and BNP Paribas, among others.
The IPO is being managed by JM Financial, HSBC Securities, Nuvama Wealth, SBI Capital and Centrum Capital, while KFin Technologies will act as registrar.
According to its RHP, Kissht has reduced its fresh issue size to Rs 850 crore from the Rs 1,000 crore proposed in its earlier DRHP filed in August 2025. The company has also cut the offer for sale to 4.4 million equity shares from 8.8 million shares, now estimated at around Rs 76 crore.
Existing investors including Vertex Ventures, Ammar Sdn Bhd, Endiya Seed Co-creation Fund, and AION Advisory will partially offload their stakes as part of the offer for sale (OFS).
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht provides small-ticket consumer loans and has scaled aggressively on the back of partnerships with merchants across electronics, fashion, travel and other categories.
Financially, for the nine-month period ended December 2025, Kissht reported an operating revenue of Rs 1,560 crore with a net profit of Rs 199 crore. In FY25, the company posted Rs 1,337 crore in operating revenue, while its net profit stood at Rs 160 crore.
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