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Founded
2014
Headquarters
Gurugram (India)
Status
Series C
Company Details
IndiaLends is a financial technology startup based in Gurugram, India, founded in 2014 by Gaurav Chopra and Mayank Kachhwaha. It operates as an online marketplace for personal loans, connecting borrowers with a network of over 70 RBI-approved lending partners, including banks and non-banking financial companies (NBFCs).
Business Model
IndiaLends employs a B2C (Business to Consumer) and B2B2C (Business to Business to Consumer) model. The company utilizes proprietary algorithms and data analytics to match borrowers with suitable lenders, streamlining the loan application process.
Products and Services
IndiaLends offers a variety of financial products
Personal Loans: Quick access to funds for various personal needs without restrictions on usage.
Credit Cards: Options for consumers looking for credit facilities.
Gold Loans: Secured loans against gold assets.
Line of Credit: Flexible borrowing options allowing customers to withdraw funds as needed.
Value-Added Services: Free credit score checks, credit risk assessments, and automated loan management services.
The platform also provides an open API model for banks and NBFCs, enabling them to integrate IndiaLends' services into their offerings through a plug-and-play approach.
Mission
IndiaLends aims to make financial products affordable and easily accessible, helping consumers make informed borrowing decisions while enhancing their financial well-being.
Key Metrics
Total Equity Funding
$30.1Million
No. of Funding Rounds
6
Latest Funding Round
$5.2Million, Series C
as of March 19, 2021
Post Money Valuation
$27 million
as of July 19, 2021
Funding Multiple
0.966
as of March 19, 2021
Investors
DSG Consumer Partners
and 8 moreEmployee Count
311
Similar Companies
Fibe
Exit Details
-
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| March 19, 2021 | Series C | $5.2Million | $27.8Million | $1.0Million | 21.6x | ACP Partners, DSG Consumer Partners |
| December 9, 2019 | Series C | $7.9Million | $48.3Million | $3.4Million | 11.7x | DSG Consumer Partners , American Express, Acp Lens |
| January 19, 2019 | Series B | $1.2Million | $248.0Million | $2.1Million | 117.2x | DSG Consumer Partners , India-technology.com, Samvardhana Motherson International, American Express |
| January 19, 2018 | Series B | $10.0Million | $42.1Million | $2.5Million | 13.2x | DSG Consumer Partners, AdvantEdge, American Express Ventures, Ganesh Ventures, Karina Choudhrie Tech Sponsors India, ACPI Investment Managers, Motherson Group |
| October 8, 2016 | Series A | $4.5Million | $15.7Million | $232.0K | 48.0x | DSG Consumer Partners, American Express Ventures, AdvantEdge, Karina Choudhrie Tech Sponsors India , Indostar Capital Finance, Beam, Samvardhana Motherson International |
| July 8, 2015 | Seed | $1.3Million | $2.1Million | $34.0K | 24.4x | DSG Consumer Partners |