In order to strengthen core leadership team, online lending platform Lendingkart has announced two key appointments today. Utsav Mehrotra, the former investment banker with Axis Capital, has joined as Vice President of Capital Markets while Abhishek Arora, who was earlier heading the seller management & growth vertical at e-commerce unicorn in Middle-East and North Africa (MENA) region – Souq.com, has come on board as Vice President of Revenue & Operations.
Commenting on their appointment, Harshvardhan Lunia, CEO and Co-founder, Lendingkart Technologies said, “As we enter into the next phase of our growth, both Utsav’s and Abhishek’s roles will be integral. They bring in extensive experience with large businesses that will be critical in steering us as we move ahead on the path of rapid expansion, constantly innovating to meet the funding requirements of SMEs.”
Utsav will be working towards strengthening Lendingkart Group’s capabilities to make credit accessible to small business owners. His purview of responsibilities will include raising funds as well as spearheading marketplace initiatives to develop liability end of the business. He brings close to a decade of experience in investment banking and IIM alumnus Utsav will be instrumental in bolstering Lendingkart Finance’s loan book enabling them to serve credit needs of many more SMEs.
As the company continues to expand its reach across the country, Abhishek Arora has come on board to ensure the smooth and seamless running of the operations & revenue vertical. This will include streamlining of various functions such as origination operations, delivery, process optimization as well as customer experience.
Lendingkart Finance is playing a critical role in addressing the largely underserved market across the country by simplifying the loan disbursal process. It assesses approximately 5,000 data variables to determine the credit worthiness of borrowers. Once the evaluation is completed, the loan amount is disbursed to the deserving borrower within 72 hours from the time of application. Till date, Lendingkart Finance (our NBFC) has disbursed over 12,000 loans in more than 700 cities.