Lendingkart will use the funds to improve its data science capabilities, enhance its technology solutions, and build a better infrastructure for mobile capabilities According to the company, it has raised $20 million in equity and $12 million in debt. Mumbai: Lendingkart Technologies Ltd, which provides working capital finance to small and medium enterprises (SMEs), has raised $32 million (Rs.205 crore) in a second round of funding led by Betelsmann India Investment, the company said on Tuesday. Darrin Capital Management and existing investors Mayfield India, Saama Capital and India Quotient also participated in the debt plus equity round of funding. According to the company, it has raised $20 million in equity and $12 million in debt. In July 2015, Lendingkart raised $10 million from venture capital funds Saama Capital, Mayfield and two individual investors, Ashvin Chadha and Shailesh Mehta.

http://www.livemint.com/Companies/iPtqZ9MsTEYK4jTZGJ2awL/Lendingkart-raises-32-million-in-Series-B-funding.html