Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Lentra targets IPO in 3 years
Mint New Delhi
|November 11, 2025
The Pune-based fintech startup aims to more than quadruple its revenue to ₹1,000 crore by financial year 2028
Lentra, a software as a service (SaaS) company that helps digitize lending operations at banks and non-banking finance companies, plans to sell shares on public markets in three years time, a period during which it has set itself a target to expand revenues four times, a top company executive said.
Backed by MUFG Bank and Bessemer Venture Partners, Lentra has set itself a steep revenue target of ₹1,000 crore by fiscal 2028 up from the current ₹220 crore. Valued at around $400 million, the Pune-based firm plans to grow in its next phase through artificial intelligence-led products, premium pricing, and deeper penetration with both new and existing accounts, president and co-founder Ankur Handa told Mint. Globally, SaaS firms are incorporating AI in their operations to avoid disruption and provide better offerings to customers,
This story is from the November 11, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
The words we aren't using
Listen. That's all I did one afternoon at the Museum of Art and Photography in Bengaluru last week.
1 mins
November 29, 2025
Mint New Delhi
Former DBS CEO is Temasek India's new non-exec chair
Piyush Gupta, the former chief executive of DBS Group, has joined Singaporean state-owned multinational investment firm Temasek as India chairman, albeit in a non-exec role, and will work with Ravi Lambah, head of India and strategic initiatives, the firm said. He will join on 1 December.
1 mins
November 29, 2025
Mint New Delhi
Apple's 5th India store to open in Noida soon
Apple announced on Friday it will open its fifth retail store in India on 1 December in Noida's DLF Mall of India—marking its second store in the National Capital Region after Delhi, which opened in April 2023.
1 min
November 29, 2025
Mint New Delhi
120 ways of cooking your vegetables
Restaurateur Camellia Panjabi's new cookbook is a deep dive into the country’s vast and varied vegetarian cuisine
4 mins
November 29, 2025
Mint New Delhi
Tiramisu is trending and nobody is complaining
Tiramisu, tiramisu latte, rasgulla tiramisu, masala chai tiramisu, tiramisu tres leches—it seems like almost every café or restaurant across the country has some version of the Italian dessert on its menu.
4 mins
November 29, 2025
Mint New Delhi
Former DBS CEO is Temasek India’s new non-exec chair
Piyush Gupta, the former chief executive of DBS Group, has joined Singaporean state-owned multinational investment firm Temasek as India chairman, albeit in a non-executive role, and will work with Ravi Lambah, head of India and strategic initiatives, the firm said, He will join on 1 December.
1 mins
November 29, 2025
Mint New Delhi
Everything that’s wrong with India’s development story
This new book inquires into the conditions under which India has tried to develop in the past 75-plus years
4 mins
November 29, 2025
Mint New Delhi
Two women navigate love and politics in Mumbai
This novel's charm lies less in plot twists and more in the lived-in world of the millennial women it depicts accurately
3 mins
November 29, 2025
Mint New Delhi
Art Deco feels in Indian fashion
The 100-year-old style has inspired design worldwide. Why doesn't it have a big presence in Indian fashion?
4 mins
November 29, 2025
Mint New Delhi
India hopes to seal US reciprocal tariff pact by end of Dec
India is looking to finalize a framework agreement on reciprocal tariffs with the US by the end of this year, said commerce secretary Rajesh Agrawal, marking a significant step toward resolving the strained bilateral trade between the two countries.
1 mins
November 29, 2025
Listen
Translate
Change font size