The silent takeover of Lendingkart

/ Attrition, Capital, Co-lending, Defaults, Executives, Fintech, Fullerton Financial Holdings, Growth, Harshvardhan Lunia, Investment, Leadership Churn, Lendingkart, MSME, NBFC, Prashant Joshi, Sandeep Somnani, Singapore, Strategy, Takeover, Technology

Lendingkart has undergone a major leadership churn since October 2024, set in motion by its key investor Fullerton Financial Holdings. The shake-up was intended to keep an eye on the cash-strapped fintech. There has been an exodus of senior executives, including Sandeep Somnani (Chief Officer) and Gautam Singhania (CFO). Co-founder Harshvardhan Lunia has also been kept out of the loop on major decisions, signaling Fullerton’s active takeover.

Published by: The Morning Context
Read full story here: Main Article

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