• FOUNDING YEAR: 2014
    LOCATION:
    India
    REGION:
    Delhi
    Last Update:
    9 Sep, 2019

Description

FOCUS

PRODUCTS & SERVICES:
It offers different types of loans like personal loans, unsecured loans, installment loans and others where no guarantor is required. Company aims to improve credit scoring techniques in the country and help more people get access to organized credit at better interest rates.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail borrowers
COMMENT
IndiaLends provides value-add services such as big-data analytics, credit risk assessment & verification, and automated workflows for loan origination and management.

PEOPLE

FOUNDERS:
Gaurav Chopra, Mayank Kachhwaha
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
ACPI, AdvantEdge, DSG Consumer Partners, American Express, American Express Ventures, , Everstone Capital, Sameer Sain

TRACTION

COMMENT:
IndiaLends has partnered with over 50 banks and non-banking financial institutions, a list that includes HDFC Bank, IIFL, RBL Bank and Bajaj. It claims to have disbursed loans worth an estimated Rs 500 crore and over 2 lakh credit cards. (July 2018)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$15 Million
DATE OF LAST FUNDING:
Jul 2018
TOTAL FUNDING COMMENT:
The company is planning to use the funds to achieve profitability at company wide level by FY-21. (July 2018)
SEED & PRIOR FUNDING:
$1 Million
SEED CLOSED ON:
Oct 2015
FUNDING SERIES:
SERIES A
$4 Millions Closed: Dec 2016
SERIES B
$10 Million Closed: Jul 2018
LISTED:
NO

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