• FOUNDING YEAR: 2015
    LOCATION:
    India
    REGION:
    Karnataka
    Last Update:
    13 Sep, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Peer to Peer marketplace lending platform to offers loans to small businesses in commercial vehicle category. Lenders - Enables them to get returns of 15-30% from investments. Borrowers - Get unsecured short-term loans for working capital. The average ticket size of loans varies between INR1-10 lakhs.
REVENUE MODEL:
Viewable by subscribers only
EXISTING PARTNERSHIPS:
Treebo Hotels - To offer loan to the hotel partners of Treebo and to get relevant data from Treebo. NBFCs - They are the lenders in Loanzen platform.
COMMENT
Provides credit rating to the borrowers which enables them to get a loan at cheaper rate and lenders to select quality borrowers.

PEOPLE

FOUNDERS:
Madhu Sudhan, Venkatesh Sankararaman
NUMBER OF EMPLOYEES:
1-10
INVESTORS:
Kae Capital, Traction Labs, Sachin Bhatia, Tracxn Syndicate, Sachin Bhatia, Mahesh Parasuraman, Abhishek Gupta, Vinay Gupta, Praful Thachery, Ashish Taneja, Suresh Bala

TRACTION

COMMENT:
The company set a target to issue loan of INR 25Cr from its own loan book by the year end 2018.

MOMENTUM

FUNDED:
YES
DATE OF LAST FUNDING:
Apr 2018
TOTAL FUNDING COMMENT:
The company is planning to use the fund to expand its team in Bengaluru and grow its loan book(April 2018).
SEED CLOSED ON:
Apr 2018
SEED PRIOR FUNDING COMMENT:
An undisclosed round of funding raised in April 2018.

LATEST RESEARCH