India, April 27 -- The cofounders of IPO-bound OnEMI Technology Solutions, the parent of lending tech startup Kissht, acquired shares worth over Rs.40 Cr from existing investors via secondary transactions last month, according to the startup's RHP.

The transactions took place on March 4. Cofounder and CEO Ranvir Singh bought about 17.7 Lakh shares across two transactions for a total consideration of about Rs.35.5 Cr. The shares were purchased from Kissht cofounder Abhijit Bhandari and AION Advisory Services.

Bhandari is no longer associated with the startup in an executive role. He now holds a 1.22% stake in the startup, down from 1.8% at the time of filing the DRHP.

Meanwhile, cofounder and CFO Krishnan Vishwanathan acquired about 2.6...