Tag: IndiaLends

IndiaLends Raises US$5.1 M from Existing Investors

IndiaLends Raises US$5.1 M from Existing Investors

Investment, News
Digital lending platform IndiaLends has raised US$5.1 million in a financing led by existing investors ACP Partners and DSG Consumer Partners. The Delhi NCR based firm will use the funds to expand its technology platform, increase its market footprint and amplify its product offerings to meet the pent-up demand in a post-COVID economic recovery. IndiaLends has already won the trust and confidence of over 8 million customers and disbursed more than INR 2,000 crores in personal loans since its launch via its technology platform and API-based lending solutions that it offers to other B2C companies. The company aims to emerge as the leading financial marketplace in India and double the disbursements in the next 18-24 months with a focused outreach towards retail consumers living a...