The cash-and-stocks deal was pegged at Rs 100-120 crore, Founder and CEO Harshvardhan Lunia told YourStory.
The acquisition will help the MSME lender strengthen its personal loan offering.
With Lendingkart’s credit, capital and distribution capability, we plan to deepen our presence across the country to bridge the massive credit gap in the personal loan market in India," Abhishek, Co-founder at Upwards said.
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