Kissht parent OnEMI secures Rs 832 crore preferential equity backing
OnEMI Technology Solutions, parent of digital lending platform Kissht, has approved a Rs 832 crore preferential equity issue backed by HDFC MF, Axis MF, MIT, White Oak, 360 One and others. The company plans to strengthen its balance sheet, technology, products and customer reach, while targeting credit-rating upgrades over two years.
What happened
Kissht / OnEMI Technology Solutions Limited · Kissht parent OnEMI approved a Rs 832 crore preferential equity issue backed by HDFC MF, Axis MF, MIT and others.
Key facts
- Rs 832 crore
- two years
What changed
Kissht parent OnEMI approved a Rs 832 crore preferential equity issue backed by HDFC MF, Axis MF, MIT and others. The digital lender will use capital to strengthen its balance sheet, technology, product portfolio and customer reach, while pursuing rating upgrades over two years.
Why this matters
Kissht’s Rs 832 crore capital raise strengthens its ability to expand digital credit products and merchant-facing financing reach for consumer retail transactions.
What to watch
- Any rating action, revised outlook or stated target rating from agencies.
- Quarterly loan-book growth, assets under management, disbursals and active borrower additions.
- Cost of borrowing, lender diversification and securitisation or co-lending activity.
- Gross and net NPA trends, collection efficiency, credit costs and write-offs.
- Evidence of new merchant, ecommerce, OEM or fintech distribution partnerships.