Lentra targets IPO in 3 years

The Pune-based fintech startup aims to more than quadruple its revenue to ₹1,000 crore by financial year 2028

- Mansi Verma

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,