Kissht Gears Up for $225 Million IPO, Set to File DRHP by June 2025

Digital lending platform Kissht is preparing to raise $225 million through an Initial Public Offering (IPO). The company aims to file its draft red herring prospectus (DRHP) by June 2025. This move comes as Kissht continues to expand its lending services and strengthen its market position in India’s fast-growing fintech sector.

Merchant Bankers Appointed

To manage the IPO process, Kissht has appointed ICICI Securities, UBS, and Motilal Oswal as merchant bankers. These firms will assist in regulatory filings, underwriting, and overall public listing management.

Raising $225 million through the IPO will help Kissht to expand its lending portfolio, invest in technology, and strengthen its risk assessment capabilities.

Strong Financial Performance

Kissht’s parent company, OnEMI Technology, reported an impressive financial performance for FY25. The company’s assets under management (AUM) crossed INR 4,200 crore, marking a 55% increase. This growth is mainly because of the company's strategic focus on longer-tenure loans and secured lending, including loans against property.

There are different revenue streams of Kissht that contribute to its growth, including consumption loans, purchase financing, and MSME loans. The company has established partnerships with leading e-commerce platforms like Amazon and Flipkart to provide instant financing options at the point of purchase.

Business Model and Market Position

Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht has made a great name for itself as a key player in India’s digital lending space. The company provides unsecured personal loans to individuals and small businesses, helping bridge financial gaps with quick and accessible credit solutions.

Kissht operates across multiple segments, including:

• Consumer lending: Personal loans for salaried and self-employed individuals.
• E-commerce financing: Instant credit for purchases on online platforms.
• MSME and business loans: Working capital and growth financing for small enterprises.

Navigating Regulatory Challenges

India’s fintech sector is under more scrutiny from the Reserve Bank of India (RBI), especially in unsecured lending. However, Kissht’s leadership is confident, stating that regulators and industry players now agree on best practices for responsible digital lending.

With its upcoming IPO and strong growth, Kissht is set to expand further. Going public will help the company improve its services and grow its presence in India’s changing financial market.

Sachin Tendulkar Becomes Kissht’s Brand Ambassador and Investor

Cricket legend Sachin Tendulkar joins Kissht as a brand ambassador and strategic investor, strengthening the fintech company’s reach and vision.

StartupTalkyNitin Konde