Founders invest Rs 40 crore in Kissht at a premium days before IPO

Synopsis

Kissht founders Ranvir Singh and Krishnan Vishwanathan invested Rs 40 crore in the digital lending startup at a premium to its IPO price. This move signals strong commitment ahead of the company's planned Rs 926 crore IPO on April 30, aiming for a valuation of Rs 3,062 crore.

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The founders of digital lending startup Kissht, Ranvir Singh and Krishnan Vishwanathan, have together invested Rs 40 crore in the company ahead of its planned IPO on April 30.

In a statement, the company said that the investment has been made at Rs 201 per share, higher than the IPO price band of Rs 162 to 171 that the company has fixed upon.

OnEMI Technologies, which runs Kissht, is aiming to raise Rs 926 crore. At the upper end of the price band, Kissht is looking to value itself at Rs 3,062 crore.

The public offering consists of a fresh issue of Rs 850 crore along with an offer for sale (OFS) of 4.4 million shares, which is expected to rake in around Rs 76 crore.

The company’s AUM has expanded from approximately Rs 1,267 crore in FY23 to Rs 5,955 crore in 9M FY26, while its revenue from operations has grown from Rs 984 crore to Rs 1,675 crore in the same period. Its net profit has gone up to Rs 197 crore in the December quarter of FY26 from Rs 27.7 crore in FY23.

Through this investment, the founders intend to convey their commitment to the business, especially at a time when valuations are a major point of concern in any public listing, the company said in a release.

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