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Kissht's Strategic Shift to Secured Lending Pre-IPO
- Kissht is ramping up secured lending before its IPO, focusing on loans against property.
- The company aims to raise $225 million with a valuation between $900 million and $1.1 billion.
- Founder-CEO Ranvir Singh notes a strategic shift towards longer-tenure loans for risk mitigation.
- Currently, 85% of Kissht's portfolio is in unsecured lending; secured loans are set to grow.
- Plans to expand to 260 branches by FY26 to support its secured lending strategy.
Source: The Arc
16d ago
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