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At the time of filing the DRHP, Vertex held a total of 23% share in Kissht, which includes Vertex Ventures SEA Fund III Pte. Ltd, Vertex Growth Fund Pte. Ltd and Vertex Growth Fund II Pte. Ltd

Kissht has filed its DRHP with the markets regulator SEBI to raise up to INR 1,000 Cr through a fresh issue of shares. The IPO will also comprise an OFS component of up to 88.8 Lakh shares

The IPO-boun startup’s net profit for FY25 declined about 18% to INR 160.6 Cr from INR 197.3 Cr in the previous fiscal year. Its top line contracted over 20% to INR 1,337.5 Cr from INR 1,674.5 Cr in FY24

OnEMI Technology Solutions Limited, which operates digital lending platform Kishas filed its draft red herring prospectus (DRHP) with the markets regulator SEBI to raise up to INR 1,000 Cr through a fresh issue of shares. Its IPO will also comprise an offer-for-sale (OFS) component of up to 88.8 Lakh shares.

Vertex Ventures, Endiya Partners and Ventureast, among others, would pare their stake as part of the OFS. While Vertex plans to sell up to 50 Lakh shares via the IPO, Ammar Sdn Bhd will sell up to 21 Lakh shares.

At the time of filing the DRHP, Vertex held a total of 23% share in Kissht, which includes Vertex Ventures SEA Fund III Pte. Ltd, Vertex Growth Fund Pte. Ltd and Vertex Growth Fund II Pte. Ltd.

While Kissht’s cofounder Ranvir Singh held 17.5% stake in the company, Krishnan Vishwanathan’s shareholding was at 13.4%.

Venture capital firm Ventureast held a total of 9% through its two funds Ventureast Proactive Fund II and VenturEast Proactive Fund LLC.

Endiya Partners’ Endiya Seed Co-creation Fund held 5.65% stake in the company, while Sistema Asia Fund Pte. Ltd had a shareholding of 5.29% in Kissht, AION Advisory Services LLP held 1.46%.

Meanwhile, Abhijit Bhandari held 1.8% stake in the company at the time of filing the DRHP.

From the IPO proceeds, Kissht plans to deploy nearly INR 750 Cr to augment the capital base of its NBFC subsidiary, Si Creva Capital, to meet its future capital requirements. The Mumbai-based digital lending platform plans to invest INR 250 Cr in FY26 and the remaining amount in FY27.

Kissht will utilise the rest of the amount for general corporate purposes.

Founded in 2015 by Singh and Vishwanathan, Kissht offers various types of loans and financial products to individuals and small businesses, with a focus on providing instant and hassle-free credit solutions through its app.

While its flagship consumer-facing platform offers users instant credit, the company also operates a separate app RING, which is focused on providing instant credit to customers reaching the platform through merchants. Kissht is also piloting a new platform, Conexo, for sourcing retail loan products, including credit cards, for other financial institutions.

On the financial front, Kissht’s net profit for FY25 declined about 18% to INR 160.6 Cr from INR 197.3 Cr in the previous fiscal year. Its top line contracted over 20% to INR 1,337.5 Cr from INR 1,674.5 Cr in FY24.

The company said that its platform had 5.3 Cr registered users as of March 31, 2025, with 91.6 Lakh active customers. The company’s registered user base grew 23% from 4.3 Cr at the end of FY24.

In the run-up to IPO, Kissht turned into a public entity last month. Following the move, the company’s name changed to OnEMI Technology Solutions Limited from OnEMI Technology Solutions Private Limited previously.

Board Of Directors

Ranvir Singh – Ranvir Singh is the chairman and chief executive officer at Kissht. An alumnus of IIT Bombay and IIM Bangalore, Singh started his professional career with McKinsey & Company and worked with the company for eight years.

It was in 2015 when Sigh embarked on his entrepreneurship journey and launched Kissht. He is also the founding member of Fintech Association for Consumer Empowerment. As of August 7, 2025, Singh drew remuneration of INR 1.5 Cr.

Krishnan vishwanathan – Krishnan Vishwanathan is the chief financial officer and executive director with the startup. Vishwanathan carries a professional background in design engineering and has worked with companies like McKinsey and Company, Silicon Access Networks, Analog Devices and Alliance Semiconductor.

Vishwanathan completed his engineering degree from IIT Delhi and also carries an MBA from Yale School School Of Management. As of August 2025, Vishwanathan drew a remuneration of INR 1.5 Cr.

Piyush Kharbanda – Piyush Kharbanda is the non-executive nominee director on the board of Kissht. He has extensive experience as an investor and is currently a general partner with Vertex Ventures SE Asia and India. Before joining Vertex, Kharbanda was associated with Multiples Alternate Asset Management.

Kharbanda is entitled to a sitting fee of INR 1 lakh. However, Kissht did not pay any fee to its non-executive directors in FY25.

Atul Chunilal BHEDA – Atul Chunilal Bheda took up the position of a non-executive and independent director at Kissht on July 8. He is currently practising chartered accountancy and has acquired his post-qualification course in information systems audit from the Institute of Chartered Accountants of India.

Bheda also sits on the board of Si Creva Capital Services and ITI Asset Management Co. He is entitled to a sitting fee of INR 1 Lakh.

Sangeeta Tanwani – Sangeeta Tanwani is the non-executive and independent director at Kissht and was appointed to the role on June 16. She currently serves as the CEO of Pantaloons & Jaypore, part of Aditya Birla Fashion and Retail.

Tanwani is entitled to a sitting fee of INR 1 Lakh.

Alok Bansal – He took up the role of the non-executive and independent director at Kissht on June 16. Bansal has completed his post-graduate diploma from IIM Calcutta and has worked with companies like GE, Voltas and iGate Global Solutions.

Bansal is entitled to a sitting fee of INR 1 Lakh.

Key Managerial Personnel

Shraddha Patangia – Patangia is the company secretary and compliance officer at Kissht and looks after compliance with corporate law, including convening and documenting board, general and committee meetings at the startup.

She also maintains statutory records and ensures timely regulatory filings with the ministry of corporate affairs. Patangia joined Kissht in August 2024 and has worked with Kachow! Legalite Advisors LLP and VPP & Associates, and Si Creva Capital Services.

She drew an annual remuneration of INR 14 Lakh in FY25.

Neha Shivran – Shivran currently serves as the chief data and analytics officer at Kissht and is responsible for leading the deployment of machine learning frameworks and overseeing advanced analytics to enable data-driven decisions. She joined Kissht back in 2019 and has worked with other brands such as RBS, State Bank of India and LenddoEFL.

Shivran drew an annual remuneration of INR 1.5 Cr from Kissht and another INR 31 Lakh from its subsidiary Si Creva.

Sandeep Kadam – Kadam is the chief technology officer at Kissht and is responsible for formulating and executing the technology strategy at the startup and overseeing engineering functions, managing technical operations and ensuring the timely delivery of scalable technology solutions.

He also plays a key role in implementing industry best practices, evaluating emerging technologies, and aligning technical initiatives with the company’s overall business objectives.

Kadam has previously worked with AlbaCo, Dhani Loans and Services, Jwala Technology Systems, Saavan, and Yahoo! He drew an annual remuneration of INR 2 Cr in FY25.