Deal Overview
Digital lending platform Kissht, operated by OnEMI Technology Solutions, has successfully secured ₹278 crore ($30 million) from 22 anchor investors. The allocation occurred at the upper price band of ₹171 per share, just one day prior to the company’s IPO launch on April 30, 2026.
Investor Composition
The anchor round attracted strong interest from both domestic and global institutions. Key participants included:
- Domestic Mutual Funds: HDFC MF, ICICI Prudential, WhiteOak Capital, Bandhan, Quant MF, Tata Banking & Financial Services, and Sundaram MF. These funds accounted for 57% of the total anchor allocation (₹158.32 crore).
- Global Institutions: Goldman Sachs, Citigroup, and BNP Paribas.
Financial Performance and IPO Strategy
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht has demonstrated robust financial health. The company reported ₹1,560 crore in operating revenue and a net profit of ₹199 crore for the nine-month period ending December 2025, showing significant growth over its FY25 performance of ₹1,337 crore revenue and ₹160 crore profit.
As part of its IPO preparation, the company has recalibrated its offering: the fresh issue size has been reduced to ₹850 crore, and the offer for sale (OFS) has been halved to 4.4 million shares. Early investors, including Vertex Ventures and Endiya Seed Co-creation Fund, are utilizing the OFS to realize partial exits.
Takeaways for Founders
Kissht’s success highlights the importance of sustained profitability and scale before entering public markets. The blend of anchor investors signals high institutional confidence in the Indian digital lending sector and serves as a blueprint for fintech startups looking to transition from venture-backed growth to public listing.