<ul><li>Fintech startup Lendingkart is seeking a down-round of funding amid a cash crunch.</li><li>The company is looking to raise fresh capital at a lower valuation from its existing investor Fullerton Financial Holdings.</li><li>The valuation of Lendingkart is expected to drop to $100 million from approximately $350 million in 2020.</li><li>Lendingkart is facing asset quality problems and increased non-performing assets, leading to the need for capital infusion.</li></ul>

Lendingkart Seeks Down Round Amid Cash Crunch

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