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Endiya Partners has recorded the first public market exit from its Fund I portfolio as Kissht (OnEMI Technology Solutions Limited) made its debut on the BSE and NSE on May 08. The listing marks the culmination of a nine-year journey for the early-stage investor, from its initial seed investment in 2017 to the company’s entry into public markets.
The Hyderabad-based venture capital firm had written the first institutional cheque into Kissht in June 2017, at a time when digital lending was still an emerging segment in India. Endiya continued to back the company through subsequent funding rounds, maintaining its position until the IPO.
Founded in 2015, Kissht operates as a digital lending platform offering instant, collateral-free loans, personal credit and purchase financing options. The company delivers its services through a mobile-first platform and works with both online and offline merchants to reach customers across India.
Over the years, Kissht has expanded its scale significantly. As of December 31, 2025, the company reported assets under management of INR 5,956 crore and a customer base of over 11 million users. For the nine months of FY26, it posted a profit after tax of INR 199 crore. Its net non-performing assets stood at 0.31% with provision coverage at 89%, indicating stable asset quality.
The IPO also saw strong investor interest with an overall subscription of 9.5 times. The portion reserved for qualified institutional buyers was subscribed 24.87 times, reflecting demand from institutional investors.
For Endiya Partners, the listing represents a key milestone for its debut fund. Fund I had already delivered a 2.0x distributed to paid-in capital (DPI) prior to the IPO, and the Kissht exit further strengthens its track record.
This article was originally
published by the 
