+43%

est. 2Y upside i

FinTechSeries A

Creating Microfinance 2.0.

Rank

#1118

Sector

Fintech

Est. Liquidity

~3Y

Data Quality

Data: Medium

Kosh offers a moderate expected upside of ~43% over 2 years, but with medium confidence due to missing growth data.

Last updated: July 4, 2026

Bull (20%)+149%

Exit multiple expands to 5x (above comp range) driven by IPO window or category leadership in Indian blue-collar lending, yielding exit value ~$150M. Net of 20% dilution, upside to common is ~149%.

Base (55%)+41%

Exit multiple converges to 3x (in line with comps), projected revenue ~$30M gives exit ~$90M. After 20% dilution, upside ~41%.

Bear (25%)-39%

Exit multiple compresses to 1.5x due to regulatory or competitive pressure, exit ~$45M. After dilution and preference overhang, common sees ~-39% return.

Est. time to liquidity~3.0 years

Preference Stack Risk

moderate

Funding Intensity

48%

Total funding of $8.9M vs valuation $55.8M gives 15.9% preference overhang, moderate for common stock.

Dilution Risk

high

Likely requires additional capital within 24 months; assumed 20% dilution for all scenarios.

Secondary Liquidity

none

No secondary market activity or implied value available.

Questions to Ask at the Interview

Strategic questions based on Kosh's data — designed to show you've done your homework.

  • 1

    “How does Kosh's joint liability model reduce credit risk differently than traditional NBFCs?”

  • 2

    “What is the expected growth trajectory for loan disbursements given current capital constraints?”

  • 3

    “Given the low valuation multiple, what milestones would trigger a re-rating or exit?”

Community

Valuation Sentiment

Our model estimates +43% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.