The fintech startup has secured over $142 million in funding so far, with investors including Endiya Partners and the Brunei Investment Authority, among others. It goes up against companies such as Moneyview, Lendingkart, Capital Float, FlexiLoans, and KredX.
The plans for Kissht’s IPO coincide with an increasing number of Indian startups preparing to go public. In the last week, four tech companies focused on new-age technologies submitted their draft IPO documents to SEBI. Shadowfax submitted its DRHP through the confidential pre-filing route just a day ago. In addition, the IPO documents of Curefoods, Pine Labs and Wakefit were submitted in the past few days.
Although there is still considerable investor interest in new-age tech IPOs—particularly in India—profitability remains a primary area of concern. In this regard, Kissht seems to be strategically positioned.