Temasek arm FFH to invest Rs 252 cr in Lendingkart to get controlling stake

Lendingkart on Friday said existing investor Singapore-based Temasek has committed to investing up to Rs 252 crore in the fintech to take a controlling stake.

Earlier, Temasek arm Fullerton Financial Holdings (FFH) had 38.16 per cent stake in the company but the investment amount is not known.

A company statement announcing the fundraise was, however, silent on the reports of a huge decline in valuation in the latest round of funding.