Led · Series A · Sep 2021

COGOS Technologies is an artificial intelligence-led enterprise logistics company offering an AI-driven intra-city logistics SaaS platform. The platform integrates advanced sensors, IoT technology and third-party applications to serve intra-city link-supply chains and commercial transportation. Founded in 2016 by Prasad Sreeram and Rama Mohan Katta, the company is Bengaluru-based and positions itself as a fast-growing intra-city logistics player. COGOS raised $2.0M in a pre-Series A round in September 2021. The company says it will use the funds to develop its technology platform and to expand outside of India.

Participated · Series A · Aug 2019

LenDenClub is a Mumbai-based P2P lending platform (founded in 2014 by Bhavin Patel and Dipesh Karki) that offers InstaMoney for salaried customers and small-business loans for merchants and shopkeepers. The platform claims over 2.5 million borrowers and one million investors/lenders and has recorded loan disbursements of more than Rs 2,000 crore, including Rs 1,200 crore in the first six months of FY21-22. The company reports an NPA of 3.95% and says it was the only player in the P2P space to have turned profitable earlier this year. LenDenClub plans to transition toward a digital banking model and offer a broader set of financial services. Management aims to grow the loan book to $1 billion and upscale the user base to 10 million by FY23, targeting 5x growth in disbursals over the next 18 months. The startup intends to invest in platform innovation, make strategic C-suite hires, and expand tech, product, marketing and customer-service teams to support its expansion. LenDenClub offers small-ticket loans by listing approved borrower profiles on a special lender app where over 10,000 active lenders choose whom to lend to. It sources borrowers from more than 150 cities and aims to reduce underwriting time with instant approvals for profiles meeting preset criteria. Loans that meet minimum qualifications are approved within five minutes; others are underwritten by a back-end team with a two-hour turnaround. The company plans to double its reach and double the number of lenders on the platform to reach Rs. 500 crores in disbursals in the next 18 months. The current reported operational metrics are its lender base (over 10,000 active lenders) and geographic reach (over 150 cities). The company raised external capital in the form of a pre-Series A round to support this expansion. LenDen Club operates a P2P lending marketplace that matches lenders seeking high returns with creditworthy borrowers seeking personal loans of up to 24 months. The platform claims to have arranged loan transactions worth Rs 17 crore with an average return rate of 25%. It reports over 8,000 borrowers in Mumbai and Pune and 2,800 lenders across India, including non-resident Indians. Loans are approved after an 18-hour time gap upon request and typically disbursed within three days. The company will use new capital to enhance its product platform and improve tech automation and plans to scale disbursals in coming months. LenDen Club is run by Innofin Solutions Pvt Ltd and was founded in 2014 by Dipesh Karki and Bhavin Patel. LenDenClub operates a web-based peer-to-peer lending portal that connects salaried borrowers to individual lenders. The platform evaluates creditworthiness using a mix of traditional and non-traditional data points. Founded in 2014 and mentioned in a Mumbai report, the startup says it has arranged over 150 loans to date. The founders plan to use recent seed funding to enhance the platform and build an end-to-end online lending process. The company positions itself as a fintech intermediary aiming to streamline online lending workflows.