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- Kissht
Kissht Revenue, Valuation, Funding & Investors
Kissht is valued at $450M as of June 2022, a 10.2x multiple on its last reported $44M revenue.
Last Kissht valuation
$450M
Series E · Jun 2022
Last Kissht funding round
$80M
Series E · Jun 2022
Kissht revenue
$44M
Series E · Jun 2022
Key investors in Kissht
Endiya Partners
VenturEast
Vertex Ventures Southeast Asia & India
Fosun RZ Capital
Vertex Ventures
Trifecta Capital Advisors
About Kissht
Kissht is a Mumbai-based fintech company delivering instant credit solutions for e-commerce purchases. Consumers receive unsecured personal loans up to INR 2 lakhs within minutes at online and offline merchants like Flipkart and BigBasket. Its API gateway integrates seamlessly into checkout processes, powering buy-now-pay-later options with flexible EMIs. Operated by Onemi Technology Solutions Private Limited, Kissht processes over 1 million transactions monthly, partnering with 5,000-plus retailers across India to facilitate paperless lending via Aadhaar and PAN verification.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Usage-based, Subscription
Revenue
$44M (Jun 2022)
Valuation
$450M (Jun 2022)
Kissht Valuation
Kissht is currently valued at $450M, based on its Series E in June 2022.
The $80M round was led by Brunei Investment Agency and Vertex Growth Fund, with participation from Vertex Ventures Southeast Asia & India and Endiya Partners.
Kissht's valuation has grown 20x from $23M at its Series B in November 2017 to $450M in June 2022, across 3 priced rounds.
Kissht valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2022 | Series E | $450M | 10.2x |
| Sep 2018 | Series C | $71M | - |
| Nov 2017 | Series B | $23M | - |
Kissht Revenue
Kissht's latest recorded revenue is $44M, as of its Series E in June 2022. At a $450M valuation, that implies a 10.2x revenue multiple.
Kissht revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2022 | $44M | $450M | 10.2x | Series E |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Kissht Funding History
Kissht has raised a total of $135M across 5 funding rounds.
Kissht's first fundraising round was a $2M Series A in June 2017. The most recent completed round was a $80M Series E in June 2022.
Kissht funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2022 | Series E | Brunei Investment Agency (lead); Vertex Growth Fund (lead); Vertex Ventures Southeast Asia & India; Endiya Partners | $80M | $450M | Kissht, a Mumbai-based consumer lending and fintech platform operated by OnEMI Technology Solutions Pvt. Ltd., raised $80 million in an equity funding round on June 6, 2022, led by Vertex Growth Fund and Brunei Investment Agency, with participation from existing investors Vertex Ventures Southeast Asia & India and Endiya Partners. The post-money valuation was reported at close to $500 million by the Economic Times citing sources aware of the matter, with other reports estimating $480-500 million. This marked Kissht's second funding event in 2022, following a $13.3 million debt round in January from Trifecta Capital and Northern Arc, bringing total funding to around $275 million across equity and debt. The funds are earmarked for enhancing product design, scaling card issuances to 10 million over the next 12-18 months, increasing its lending book size, and improving technology backend. Concurrently, Kissht launched Ring, a millennial-focused digital card and payments app targeting underserved young users with sub-2% credit card penetration, offering credit lines for e-commerce, merchant payments, peer-to-peer transfers, and rewards in categories like grocery, travel, and lifestyle. The platform positions itself as a one-stop credit and payment solution for transaction credit in a market with over 150 million underserved millennials. For FY 2021-22, Kissht reported consolidated revenue of Rs 410 crore and profits of Rs 55 crore. The company had previously raised $30 million in Series C in 2018 from Vertex Ventures and Sistema Asia Fund, and attracted debt investment from Sachin Bansal in 2019. Kissht operates in the growing BNPL and small business credit space, aiming to capitalize on a projected $40 billion market opportunity by 2025 through product innovation and customer loyalty programs. |
| Jan 2022 | Series D | Northern Arc Capital (lead); Trifecta Capital Advisors (lead) | $13M | - | Kissht, a fintech company, provides instant lines of credit for small business transactions and small-ticket personal loans to new-to-credit customers. It leverages AI and machine learning to improve underwriting and extend credit to underserved segments. In January 2022, Kissht raised Rs 100 crore (~USD 13.4 million) through non-convertible debentures, with Trifecta Capital and Northern Arc each subscribing Rs 50 crore. The funds aimed to expand operations, enhance product offerings like credit cards for small businesses, and reach one crore borrowers in FY2023. The company projected overall revenue exceeding Rs 500 crore. Kissht had raised over Rs 270 crore in equity and Rs 1,200 crore in debt prior to this round. |
| Sep 2018 | Series C | Sistema Asia Capital (lead); Vertex Ventures (lead); Vertex Ventures Southeast Asia & India; Endiya Partners; Fosun RZ Capital; VenturEast | $30M | $71M | Kissht is a Mumbai-based fintech founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, operating in the digital lending space with a tech-driven model offering small-ticket consumer loans for electronics, fashion, travel, and small business financing, targeting underserved segments via data analytics, AI models, and merchant partnerships. The platform combines unsecured and secured loans, generating revenue primarily from processing fees (around 55%) and interest income at 14-24% per annum. As of recent data, it has served over 9 million customers with 1.9 million active borrowers and a registered base of 53.2 million. In September 2018, Kissht raised $30 million in a Series C funding round led by Sistema Asia Capital and Vertex Ventures, with participation from Endiya Partners and Ventureast, at a valuation of $70.7 million. This round contributed to a cumulative funding of around $70.7 million at that point, supporting loan book expansion and technology enhancements. Later traction includes a November 2019 Series C extension of $7.9 million and debt financing, leading to Series D and E rounds totaling over $142 million by 2022 at $500 million valuation. Long-term investors like Vertex Ventures and Ventureast are partially exiting via a planned IPO for parent OnEMI, cleared by SEBI, with fresh issue up to INR 1,000 crore. |
| Nov 2017 | Series B | Fosun RZ Capital (lead); Prophet Capital; Endiya Partners; VenturEast | $10M | $23M | Kissht is a Mumbai-based fintech lending platform founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, ex-McKinsey professionals. The company offers digital consumer lending products including unsecured loans with tenures exceeding six months, alongside secured credit products such as loan against property and small business loans. Kissht operates multiple platforms: its flagship app provides instant credit to consumers, RING targets merchant-referred customers, and Conexo sources retail loan products for financial institutions. In October 2017, Kissht closed its Series B funding round at a post-money valuation of $22.9 million, raising $10.4 million from investors including Zodius, VenturEast, Endiya Partners, Prophet Capital, and Fosun RZ Capital. By fiscal year 2025, Kissht had grown substantially, reporting revenue of Rs 1,353 crore with net profit of Rs 160 crore, and had filed its DRHP with SEBI for an IPO comprising a fresh issue of up to Rs 1,000 crore. |
| Jun 2017 | Series A | Endiya Partners (lead); VenturEast (lead) | $2M | - | - |
Who has invested in Kissht?
11 investors have backed Kissht across its funding rounds, including Endiya Partners, VenturEast, Vertex Ventures Southeast Asia & India, Fosun RZ Capital, Vertex Ventures and Trifecta Capital Advisors.
Lead investors include Brunei Investment Agency, Vertex Growth Fund, Northern Arc Capital, Trifecta Capital Advisors, Sistema Asia Capital and 4 other investors.
Kissht Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Jun 2017 | ||
| 3 | Lead | Jun 2017 | ||
| 2 | Participant | Sep 2018 | ||
| 2 | Lead | Nov 2017 | ||
| 1 | Participant | Nov 2017 | ||
| 1 | Lead | Sep 2018 | ||
| 1 | Lead | Sep 2018 | ||
| 1 | Lead | Jan 2022 | ||
| 1 | Lead | Jun 2022 | ||
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Start Free TrialKissht Competitors
Kissht competitors include listed companies like 63 Moons and Hightech Payment Systems, and private ones like Mondu, Maxwell Financial Labs, Akur8 and Bestow.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $32M | - | $195M | - | ||
| Private | $100M | - | $450M | 4.5x | ||
| Private | - | - | $432M | - | ||
| Publicly listed | $22M | ($16M) | $420M | - | ||
| Private | - | - | $490M | - | ||
| Publicly listed | $156M | $29M | $496M | 3.2x |
Kissht Public Comps
Kissht is still privately-owned, but its public comps include Leonteq, Valu, Qualco Group, 63 Moons, Hightech Payment Systems, Network People Services, Abaxx Technologies, Aurionpro Solutions, Linkage Software and High Templar Tech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $217M | $12M | 8.7x | 7.3x | 158.4x | - | |||
| $108M | $22M | 4.1x | 7.0x | 20.2x | - | |||
| $248M | $40M | 2.1x | 1.9x | 13.0x | 9.6x | |||
| $22M | ($16M) | 10.3x | - | (14.5x) | - | |||
| $156M | $29M | 3.3x | 3.2x | 17.6x | 18.1x | |||
| $20M | $6M | 18.3x | - | 67.3x | - | |||
| $749K | ($28M) | 600.9x | 136.9x | (16.1x) | (10.0x) | |||
| $147M | $30M | 2.6x | 2.4x | 12.6x | 12.3x | |||
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Common questions about Kissht
| When was Kissht founded? | Kissht was founded in 2015. |
| Where is Kissht headquartered? | Kissht is headquartered in Mumbai, India. |
| Is Kissht publicly listed? | No, Kissht is a private, VC-backed company. |
| What is Kissht's valuation? | Kissht was last valued at $450M in its Series E in June 2022. |
| How much funding has Kissht raised? | Kissht has raised $135M across 5 funding rounds. |
| What was Kissht's last funding round? | Kissht's last funding round was a $80M Series E in June 2022, led by Brunei Investment Agency and Vertex Growth Fund. |
| Who are Kissht's investors? | Kissht's investors include Endiya Partners, VenturEast, Vertex Ventures Southeast Asia & India, Fosun RZ Capital, Prophet Capital, Vertex Ventures, Sistema Asia Capital, Trifecta Capital Advisors, Vertex Growth Fund, Brunei Investment Agency and 1 other. |
| What is Kissht's revenue? | Kissht's latest recorded revenue is $44M (June 2022). |
| What is Kissht's revenue multiple? | Kissht's latest valuation implies a 10.2x revenue multiple ($450M valuation on $44M of revenue). |
| Which companies are comparable to Kissht? | Companies comparable to Kissht include Mondu, Maxwell Financial Labs, Akur8, 63 Moons, Bestow and Hightech Payment Systems. |
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