VC Fund Investments
P2P lender LenDenClub raises $10-M from Tuscan Ventures, Hardik Pandya, others
Mumbai-based peer-to-peer lending startup LenDenClub has raised USD 10 million (about INR 75.3 crore) from Tuscan Ventures, Ohm Stock Brokers, Artha Venture Fund and others, valuing the firm at more than USD 51 million. The Series A round also saw participation from Kunal Shah (Cred founder), Alok Bansal (Policybazaar co-founder), Ramakant Sharma (Livspace co-founder), Hardik Pandya (cricketer) and Krishna Bhupal (Promaxo co-founder). With the current round of funding, the firm, which claims to be profitable, aims to scale up substantially, eyeing a 5X growth in disbursals in the next 18 months.
From the Venture Intelligence PE-VC Deal Database: Between Jun-16 and Aug-19, LenDen Club raised $1.8 M from Artha India Ventures and others.
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