Mortgage platform LoanKuber raises $2 million led by Inflection Point Ventures
Inflection Point Ventures-led lending marketplace LoanKuber has raised $2 million as part of its continuing Series A round. Accolade Holdings, LetsVenture, family offices, and angel investors including Vishal Gupta, Pankaj Vermani, Prashant Tandon, the founders of Clovia, and 1Mg participated in the round as well (Director, TA Associates).
The business intends to use the money to increase AUM, enhance the current technological stack, and grow the staff. Saurabh Nagpal, a graduate of IIT Delhi and New York University who previously worked on the founding team of Lehman Brothers/Nomura in India, launched LoanKuber.
The digital platform provides mortgage loans to micro SMEs both directly through its own NBFCs and through co-lending relationships with regulated entry (REs). According to the company, profitability has been attained. As part of its expansion strategy, it plans to build an AUM of Rs 200 crore over the next 15 months.
The business intends to use the money to increase AUM, enhance the current technological stack, and grow the staff. Saurabh Nagpal, a graduate of IIT Delhi and New York University who previously worked on the founding team of Lehman Brothers/Nomura in India, launched LoanKuber.
The digital platform provides mortgage loans to micro SMEs both directly through its own NBFCs and through co-lending relationships with regulated entry (REs). According to the company, profitability has been attained. As part of its expansion strategy, it plans to build an AUM of Rs 200 crore over the next 15 months.
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