IndiaLends operates a credit underwriting and analytics platform that aggregates information from credit bureaus, application forms, social networks and other sources using a proprietary algorithm. Its online marketplace connects salaried and self‑employed consumers seeking low‑rate loans with institutional lenders seeking risk‑adjusted returns. The service features a quick online application process, secure information handling, no collateral requirement and short disbursal times. Co‑founded by Gaurav Chopra and Mayank Kachhwaha and based in New Delhi, the company intends to expand its presence nationwide. It raised $4M in Series A financing and plans to use the funds to further develop its credit underwriting and analytics capabilities and to launch consumer-dedicated products.

Total raised

$4M

Funding rounds

1

Latest round

Series A

Latest activity

Dec 2016