Participated · Series B · Aug 2024

LoanKuber, founded in 2017 by Saurabh Nagpal, is a mortgage fintech offering customized loans to underbanked MSMEs and runs the Janasha Finance brand. The company emphasizes unit metrics, capital efficiency, and lean operations, and uses low-cost branches, a digital connector platform, and a lead-generation platform to cut customer-acquisition costs by about 30%. It is building an automated institutional co-lending platform for microloans to offer competitive consumer rates and higher yields on NBFC balance sheets. LoanKuber has raised roughly $13 million to date, including a $2 million Series A in February last year, and recently closed a $3.5 million pre-Series B. Proceeds, currently totaling about Rs 93 crore, will be used to increase assets under management (AUM), strengthen the leadership team, and upgrade technology infrastructure. The company aims to grow its AUM to about Rs 180 crore over the next 12 months and reports a net worth of around Rs 51 crore. Janasha Finance (branded LoanKuber) operates an automated managed marketplace and institutional co-lending platform that enables mortgage lending to micro, small and medium enterprises and semi-skilled professionals. The company uses data mining and analytics and hybrid acquisition channels (digital connector, lead generation platform and low-cost branches) to reduce customer-acquisition costs by up to 30 percent. Janasha underwrites mortgage loans in the range reported in the article (INR 3–10 lakhs; another passage notes INR 3–8 lakhs) primarily for business expansion, and serves customers across the National Capital Region. Its current assets under management are approximately INR 80 crores and the firm intends to expand AUM to INR 220 crores by FY25. Management plans to onboard 5,000 MSMEs over the next 18 months and targets a profit of INR 8–10 crores in FY25. The product roadmap and use of proceeds for the latest financing include expanding AUM, strengthening technology and growing the team to scale mortgage access for underserved communities. LoanKuber is a digital mortgage platform that provides micro‑mortgages to micro‑SMEs through an automated institutional co‑lending platform. The company operates an NBFC balance sheet to generate higher yields while enabling competitive pricing for end customers. It has developed hybrid acquisition channels — a digital connector platform, a lead generation platform, and low‑cost branches — which the company says reduce customer acquisition costs by about 30%. LoanKuber positions its product to unlock the economic value of semi‑urban and rural properties and to serve the “next half billion” Indians. The recently raised funds will be used to scale assets under management, improve the technology stack, and expand the team and operations. LoanKuber is a digital-first automated mortgage platform that enables lending to Micro-SMEs using owned residential collateral. The platform partners with larger financial institutions to access diversified, lower-cost capital, positioning LoanKuber as a low-cost mortgage lender compared with regional MSME lenders. Founded in 2017 by IIT Delhi alumnus Saurabh Nagpal, the New Delhi-based startup is operational in 10 cities across the NCR. The management team claims a combined 60 years of experience in mortgage lending in the region and the founder has 15 years of experience across computational finance and mortgage lending. With the new funding, LoanKuber plans to build and expand its team, enhance its tech stack, and rapidly grow its loan book to Rs 75 crore in the next 12 months. It also aims to onboard 1,000 MSMEs in the next 12 months as part of its expansion plan.