Kissht Raises Rs 278 Crore From Anchor Investors Ahead Of IPO Launch

April 30, 2026

Share this post :

Anchor investors back Kissht ahead of IPO

Digital lending platform Kissht has raised Rs 278 crore from 22 anchor investors ahead of its IPO opening for subscription. The shares were allotted at the upper price band of Rs 171 per share.

Domestic mutual funds accounted for a major portion of the allocation, with seven funds participating across multiple schemes. Global institutions such as Goldman Sachs, Citigroup, and BNP Paribas also joined the anchor round.

The anchor placement signals strong institutional confidence ahead of the public issue.

Why this development matters

Investor sentiment around fintech listings has become more selective in recent years. Participation from both domestic and international institutions suggests growing comfort with profitable digital lending models.

Kissht enters the market at a time when investors are prioritizing sustainable growth and earnings visibility over aggressive expansion alone.

This positions the company differently from earlier fintech listings that relied heavily on scale first narratives.

What Kissht does

Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht focuses on providing small value consumer loans through merchant partnerships.

Its lending products are integrated across categories such as electronics, fashion, travel, and other retail purchases, allowing customers to access credit at the point of sale.

The model has helped the company scale distribution through ecosystem partnerships rather than relying only on direct acquisition channels.

Financial performance highlights

For the nine month period ending December 2025, Kissht reported operating revenue of Rs 1,560 crore and net profit of Rs 199 crore.

In FY25, the company recorded Rs 1,337 crore in operating revenue and a net profit of Rs 160 crore.

The consistent profitability strengthens its positioning ahead of the IPO.

Updated IPO structure

The company reduced its fresh issue size to Rs 850 crore from the earlier planned Rs 1,000 crore. The offer for sale component was also revised downward to about 4.4 million shares.

Existing investors including Vertex Ventures, Ammar Sdn Bhd, Endiya Seed Co creation Fund, and AION Advisory will partially offload their stakes through the offer for sale.