FundingFinancial Services
OnEMI closes ₹832 crore share allotment to 34 investors
By Abha Lohia · Editor ·
OnEMI: funding and every story →
Preferential issueMumbaiFounded 2015
- OnEMI Technology Solutions runs the digital lending app Kissht and is based in Mumbai, serving consumers who borrow through their phones
- The company allotted about 2.65 crore new shares at ₹314.11 each to 34 investors, 24 of them new, and the shares got exchange trading approval on 8 November
- The new shares make up roughly 13% of enlarged equity, and the money is meant to strengthen the balance sheet while Kissht's loan book crosses ₹10,000 crore
What happened
- OnEMI finished a preferential issue worth ₹832.2 crore.
- It allotted 2.65 crore shares at ₹314.11 apiece.
- 34 investors took part, of which 24 are new and 10 existing.
- Existing holders such as Alchemy, First Bridge, Groww and HDFC schemes added to their stakes.
- New names include Axis Mutual Fund, Ashoka WhiteOak, 360 ONE and Unity Small Finance Bank.
- Paid-up capital rose from ₹17.81 crore to ₹20.46 crore.
Why it matters
- The fresh money strengthens the balance sheet for lending growth.
- Management says it wants disciplined growth and careful underwriting.
- Quarterly disbursals reached ₹4,612 crore in the September 2026 quarter.
The business
- OnEMI Technology Solutions is the parent of Kissht.
- Kissht is a digital lending platform for consumers.
- The company is based in Mumbai.
- It is listed on BSE and NSE.
- Assets under management recently crossed ₹10,000 crore.
The founders
Who put in money
- Axis Mutual Fund new investor
- Ashoka WhiteOak new investor
- 360 ONE new investor
- Groww existing investor
In numbers
₹125.12 croreNet profit, Sept 2026 quarter · Q2 FY27
₹4,612 croreLoan disbursals · Q2 FY27
Words to know
- Preferential issue
- New shares sold directly to chosen investors instead of the public.
The numbers around it
OnEMI has 2 funding rounds in StopDown's archive.
| When | Round | Amount | Led by |
|---|---|---|---|
| 21 October 2026 | Preferential issue | ₹832 Cr | Axis Mutual Fund |
Financial Services in November 2026: 4 rounds with a disclosed amount, $166 million in all; the biggest was OnEMI (₹832 Cr). Every sector this year →
Terms in this story
- Annual financials: Reading startup financials means starting with revenue from operations, then costs, EBITDA, profit after tax and cash flow, and checking whether numbers are consolidated or standalone. For Indian companies, filed accounts on the MCA registry are the base, and press claims should match them.
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