# IndiaLends

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/indialends

- Industry: Financial Services
- Headquarters: India
- Website: www.indialends.com
- Total disclosed funding: $24M
- Latest round: Series D (Mar 19, 2021)
- Investors on record: 9

## About

IndiaLends is a fintech company specializing in online personal loans and credit solutions, connecting borrowers with banks and financial institutions to streamline access to credit products.Founded in 2014 in India, IndiaLends operates as a financial technology platform that links consumers with banking partners for personal loans and credit products. The company has successfully completed 6 deals and raised a total of INR 381.27 mn in its latest Series D funding round on March 19, 2021, led by ACP Partners and DSG Consumer Partners. The founder Gaurav Chopra has a history in the fintech space, contributing to the company's strategic evolution in the market. The current CEO is Mayank Shrimukh.IndiaLends provides a suite of financial products, including personal loans, credit cards, and credit report analysis. The platform allows customers to secure personal loans up to ?25 lakhs and small loans of up to ?1 lakh with instant approval, catering to diverse financial needs across India. It empowers over 25 million users by simplifying the borrowing process and enhancing access to credit for individuals with limited credit histories.In 2022, IndiaLends reported a revenue of INR 3,272,874.10 and an EBITDA of INR -1,532,096.20, reflecting its operational performance during that fiscal year. The company generates revenue by charging a commission for each successful loan disbursal or credit card issuance, maintaining a B2B and direct-to-consumer model that facilitates effective monetization of its services without imposing direct charges on customers.IndiaLends aims to leverage its recent funding of INR 381.27 mn from the Series D round to enhance its product offerings and expand its market reach. The company is developing new financial products tailored to diverse customer profiles and plans to launch them in the near future. Additionally, IndiaLends is targeting expansion into new geographic regions within India to increase its customer base and service accessibility, further fortifying its position in the fintech sector.

## Funding rounds

- Series D, Mar 19, 2021, $5.3M — DSG Consumer Partners, ACP Partners
- Series D, Dec 9, 2019, $3.6M — DSG Consumer Partners, ACP Partners
- Series D, Jun 19, 2018, $9.7M — American Express Ventures, DSG Consumer Partners, AdvantEdge Founders, ACP Partners, Ganesh Ventures, Vistra ITCL, Motherson Lease Solution Limited
- Series C, Oct 8, 2016, $4.6M — American Express Ventures, IndoStar, DSG Consumer Partners, AdvantEdge Founders, Cyber Carrier VC, Vistra ITCL
- Series B, Oct 3, 2015, $0.9M — DSG Consumer Partners
- Series A, Jul 8, 2015, $0.3M — DSG Consumer Partners

## Investors

- DSG Consumer Partners (https://capitalatlas.ai/funds/dsg-consumer-partners) — Series A, Series B, Series C, Series D
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series C, Series D
- IndoStar — Series C
- AdvantEdge Founders (https://capitalatlas.ai/funds/advantedge-founders) — Series C, Series D
- Cyber Carrier VC — Series C
- Vistra ITCL — Series C, Series D
- ACP Partners — Series D
- Ganesh Ventures (https://capitalatlas.ai/funds/ganesh-ventures) — Series D
- Motherson Lease Solution Limited — Series D