Startup Funding
Lending technology startup Kissht has received regulatory clearance from the capital markets regulator SEBI to proceed with its initial public offering (IPO), marking a key milestone ahead of its proposed listing. The Securities and Exchange Board of India (SEBI) issued its observations on the company’s draft papers to its parent entity, OnEMI Technology Solutions Ltd, on January 8, which in regulatory terms signifies approval to launch the public issue. Kissht had filed its draft red herring prospectus (DRHP) in August 2025, proposing to raise up to Rs 1,000 crore through a fresh issue of equity shares. The IPO will also include an offer for sale of up to 8,879,575 equity shares by existing shareholders. As per the DRHP, selling shareholders include Vertex Ventures, Ventureast Proactive Fund, Endiya Seed Co-creation Fund, AION Advisory, and Ammar Sdn Bhd. The company has also stated that it may undertake a pre-IPO placement. If such a placement is completed, the size of the fresh i...