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Kissht IPO at 850 Cr after revenue dip RBI pressure and a strategy shift that changed everything
Startups
Published on 4 May 2026
Anchor investors backed it as RBI squeezed unsecured lending
Kissht heads to an ₹850 Cr IPO with anchor investors committing ₹277.78 Cr, even as its FY25 revenue and profit dipped under RBI tightening for unsecured loans. Management says it stayed disciplined—slowing loan-book growth, focusing on borrower quality, and using its NBFC balance sheet. AUM grew to ₹5,956 Cr by Dec 2025, supported by tech, diversified sourcing, and expansion into LAP and health insurance.
- Anchor investors put ₹277.78 Cr as Kissht priced IPO at the top
- RBI risk-weight hikes pressured unsecured lending and prior profitability
- Kissht paused disbursals to protect margins while AUM doubled
- Next growth focus: NBFC-led expansion, LAP, and tech-driven efficiency
Read the full story at Inc42
This summarization was done by Beige for a story published on 
Inc42