OnEMI Board Approves Rs 832 Crore Preferential Fundraise

Kissht's parent OnEMI cleared a Rs 832.2 Cr raise to 34 non-promoter investors at Rs 314.11 per share, signaling confidence in digital lending despite NBFC headwinds. Builders in BNPL and marketplace lending should monitor whether this capital fuels product expansion (lending adjacencies) or geographic scaling—ownership dilution often precedes strategic pivots.

Source: Entrackr ↗