Total amount raised
$20.2 Million
Latest funding date
3/1/2021
Location
IndiaLends has successfully navigated through 5 funding rounds, attracting investments from notable backers such as ACP Partners and DSG Consumer Partners. The platform offers a diverse range of financial products, including personal loans, business loans, and credit cards from top banks.
Keep reading to explore the intricacies of IndiaLends' fundraising journey and the investors backing this innovative platform.
What Is IndiaLends?
IndiaLends is a financial services company based in New Delhi, Delhi, India. Founded by Gaurav Chopra, the company operates in the fintech, lending, and marketplace industries. It connects borrowers with lenders to provide affordable credit solutions.
With a workforce of 101-250 employees, IndiaLends offers a variety of financial products, including personal loans, business loans, and credit cards. The company has raised funding through multiple rounds, attracting investments from notable backers such as ACP Partners and DSG Consumer Partners.
How Much Funding Has IndiaLends Raised?
- Series Unknown
- Amount Raised: USD 1,000,000
- Date: October 2015
- Lead Investors: DSG Consumer Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of IndiaLends' digital lending platform.
- Series A
- Amount Raised: USD 4,000,000
- Date: November 2016
- Lead Investors: Amex Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's technology platform and increase its market footprint.
- Non-Equity Assistance
- Amount Raised: USD 50,000
- Date: May 2017
- Lead Investors: Google Launchpad Accelerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage Google's resources and expertise for technological advancements.
- Series B
- Amount Raised: USD 10,000,000
- Date: July 2018
- Lead Investors: ACP Partners, Ganesh Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings to meet growing market demand.
- Series Unknown
- Amount Raised: USD 5,100,000
- Date: March 2021
- Lead Investors: ACP Partners, DSG Consumer Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the technology platform, increase market footprint, and amplify product offerings in a post-COVID economic recovery.
Total Amount Raised: USD 20,150,000. Current Valuation: Not publicly disclosed.
Key Investors
- ACP Partners
- Details: ACP Partners is an investment firm that has shown continuous support for IndiaLends, participating in multiple funding rounds. The firm is represented by Alok Oberoi.
- Investment Focus Areas: Digital lending, financial inclusion.
- Notable Investments: Specific notable investments are not listed.
- DSG Consumer Partners
- Details: DSG Consumer Partners is an investment firm that first invested in IndiaLends in 2015 and has continued to support the company through various funding rounds. The firm is represented by Deepak Shahdadpuri, Managing Director.
- Investment Focus Areas: Consumer-centric businesses, financial services.
- Notable Investments: Specific notable investments are not listed.
- Ganesh Ventures
- Details: Ganesh Ventures is an investment firm that participated in IndiaLends' Series B funding round. The firm focuses on supporting innovative startups in various sectors.
- Investment Focus Areas: Technology, fintech, consumer services.
- Notable Investments: Specific notable investments are not listed.
- Google Launchpad Accelerator
- Details: Google Launchpad Accelerator is a program by Google that provides non-equity assistance to startups. It aims to leverage Google's resources and expertise for technological advancements.
- Investment Focus Areas: Technology, innovation, startup growth.
- Notable Investments: Specific notable investments are not listed.
- Amex Ventures
- Details: Amex Ventures is the venture capital arm of American Express, focusing on investing in innovative startups. The firm participated in IndiaLends' Series A funding round.
- Investment Focus Areas: Fintech, digital payments, financial services.
- Notable Investments: Specific notable investments are not listed.
What's Next for IndiaLends?
IndiaLends stands at the cusp of significant growth opportunities. With plans to double its loan disbursements in the next 18-24 months, the company aims to expand its technology platform and increase its market footprint. This expansion will focus on reaching underserved customers in tier I-II cities and tier III towns, potentially serving over 100 million consumers through B2B API solutions.
Future fundraising opportunities appear promising, given the confidence shown by existing investors. The company’s growth trajectory suggests potential for additional funding rounds to support its ambitious plans. However, IndiaLends will need to navigate challenges such as the economic impact of the COVID-19 pandemic and maintaining a competitive edge in a rapidly evolving digital lending market.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like IndiaLends and gather other critical business insights.
Sign up for free to start unlocking valuable information that can drive your sales success.
