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