July 18, 2016 - Shanghai - IndiaLends, one of India's leading FinTech startups, won the 2016 PitchIt @ LendIt event held on July 17 & 18, 2016 in Shanghai. IndiaLends was one of the eight finalists from across the world to pitch their startup at LendIt, the world's largest conference series dedicated to connecting the lending community. It was judged as the winner for its plans to expand credit to underserved customer segments in India and for its innovative products and services such as the IndiaLends Free Credit Score and Analytics App.
PitchIt is one of the most premiere FinTech events organized globally by LendIt and has an audience of over 3,000 attendees ever year, consisting of FinTech startup founders, investors, regulators and financial media professionals. This year's finalists pitched to a panel of judges from esteemed venture capital firms such as Sequoia Capital, IDG Capital, Silicon Valley, and Innovation Works. Finalists are judged based on the strength of their teams, market opportunity, strong financials, strategy and the quality of their presentations.
"We are extremely glad to have won today. The LendIt Conference has not only given us as an opportunity to connect with some of the brightest minds in the FinTech industry globally but has also provided us with a platform to showcase our hard work and the market potential of the Indian unsecured lending industry. We will take back our learnings from the conference and our peers, and utilize it for our future market expansion plans." said Gaurav Chopra, Co-founder and presenter for IndiaLends at the conference. As winners, IndiaLends will receive mentorship and access to leading investors, analysts, industry experts, and other professionals in the FinTech industry.
They will also receive a complimentary gold sponsorship package at next year's FinTech conference in Shanghai.
Through its online and mobile interface, IndiaLends provides Indian consumers with a platform to apply for credit products and manage their credit accounts, providing them with a quick and easy alternative to traditional brick-and-mortar institutional lenders to avail loans. The company raised its second round of funding in October 2015 from existing investors DSG Consumer Partners, Siddharth Parekh and Gautam Radhakrishnan, among others. IndiaLends currently has operations in over 10 cities across India.