The Indian equity landscape, particularly the burgeoning new-age tech sector, endured a brutal week of trading as a broad-based sell-off wiped out more than $11 billion in combined market capitalization. In a period defined by caution, profit-taking, and investor anxiety over macroeconomic headwinds, the vast majority of the 67 technology companies tracked by Inc42 saw […]
Lendingkart’s last stand: a founder, a Temasek unit, an outdated deal, and a $600M wipeout
Enter your email address to receive a daily summary of all our stories. Sometime in the second quarter of 2022, Harshvardhan Lunia, the founder and then CEO of the fintech Lendingkart, boarded a flight from Ahmedabad to Mumbai. The agenda was simple: to acquire Upwards, a fellow lending company. With over 110,000 active loan accounts […]