Kissht’s FY25 profit drops 18% to Rs 160 crore amid lending slowdown and regulatory shifts. Company pivots to longer-tenure, secured loans as it readies for IPO, per Economic Times report.
The company’s profit before tax and ESOP cost stood at Rs 253 crore.
Mumbai-based consumer lending startup Kissht has reported an 18% drop in net profit to Rs 160 crore on overall revenue of Rs 1,353 crore in financial year 2025.
The company’s profit before tax and ESOP cost stood at Rs 253 crore.
The slowdown was primarily driven by a broader slump in the consumer lending business and the shutdown of high-margin, ultra short-duration personal loans—once a key product for digital lenders like Kissht.
The IPO-bound startup has now pivoted to only offering consumer loans with tenures exceeding six months and has expanded into secured credit products, including loans against property and small business loans, in a bid to become a full-stack digital lending company.
Disbursement Falls, AUM Rises
According to a CRISIL note on Si Creva, the group NBFC of Kissht, disbursements halved to Rs 9,776 crore in FY25 from Rs 18,527 crore in FY24. However, the company’s assets under management (AUM) grew to Rs 4,129 crore from Rs 2,670 crore, driven by its focus on longer-tenure loans. Notably, 99.5% of the loan book now comprises loans of over six months—a jump from 65% a year earlier.
Kissht’s performance reflects the broader trend in the unsecured consumer lending space, where digital lenders have been significantly impacted.
IPO Plans on the Horizon
Kissht, along with Moneyview and KreditBee, is among the key digital lending startups preparing for an IPO. While these companies are strengthening internal processes, ET reported on June 26 that they may not debut on public markets until late 2025 or early 2026.
Founded in 2015 by ex-McKinsey professionals Ranvir Singh and Krishnan Vishwanathan, Kissht has raised $133 million in equity funding from investors including Vertex Ventures and Ventureast.