<ul><li>Lendingkart is set to raise INR 100 Cr in venture debt from InnoVen Capital.</li><li>The funds will be used for general corporate purposes, including repayment of existing debt or investment in subsidiaries.</li><li>Lendingkart faced a valuation cut to $100 Mn from $350 Mn in 2020 during the recent funding round.</li><li>The company's new CEO, Prashant Joshi, aims to improve asset quality and profitability amid challenging times for the fintech sector.</li></ul>

Exclusive: Lendingkart To Raise INR 100 Cr Debt From InnoVen Capital

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