LoanKuber Raises INR 13 Crore In Pre-Series A The funds will be utilized to expand team, enhance the existing tech stack and scale loan book

By Shrabona Ghosh

Opinions expressed by BIZ Experiences contributors are their own.

You're reading BIZ Experiences India, an international franchise of BIZ Experiences Media.

Pexels

LoanKuber has raised INR 13 crore in pre-Series A round led by Lets Venture and Inflection Point Ventures.

The funds will be utilized to expand its team, enhance the existing tech stack and scale its loan book to INR 75 crore in the next 12 months. LoanKuber aims to on-board 1,000 MSMEs in the next 12 months as part of its expansion plan, said a statement.

"LoanKuber is solving a big problem of lending in India. We know that banks are not designed to lend to a majority of the population who often fall in the trap of shady loan apps or sharks who levy high interest rates and indulge in unethical practices. By digitizing the entire lending process, they have the ability to bring a large number of loan seekers into a formal credit system and help them build a credit history. We believe MSME lending is still an untapped market and LoanKuber has built the right tech stack to roll out their services for this segment," said Mitesh Shah, co-founder at Inflection Point Ventures.

LoanKuber is a digital-first automated mortgage platform enabling mortgage lending Micro-SMEs against owned residential collateral. The automated platform enables LoanKuber to lend with larger financial institutions, allowing them to be the lowest cost mortgage lender by having diversified and lowest cost of capital compared to regional MSME Lenders, said the statement.

"IPV Investor community has CXO's with vast experience in financial services and technology, making them the ideal partners in our strategic vision of building a transformative mortgage platform for the MSMEs," said Saurabh Nagpal, founder of LoanKuber.
Shrabona Ghosh

Senior Correspondent

I write on corporates and lead a project called 'Corporate Innovations', wherein I cover large enterprises across technology, auto, FMCG and avaition. I engage in CEO dialogues and run my podcast series: The Big Bosses. You can reach out to me at gshrabona@entrepreneurindia.com

Most Popular

See all
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

By Eve Gumpel
Science & Technology

AI Isn't Plug-and-Play — You Need a Strategy. Here's Your Guide to Building One.

Don't just "add AI" — build a strategy. This guide helps founders avoid common pitfalls and create a step-by-step roadmap to harness real value from AI.

By Nicholas Leighton
Business News

Here's How Much Google Software Engineers, Product Managers, and Data Scientists Make in a Year

Data revealed in federal filings shows how much Google is compensating its employees.

By Sherin Shibu
Growing a Business

Forget Investors and Co-Founders — Here's How I Built a Lean, Scalable Business on My Terms

You don't need a partner or investors to build something that lasts. You need vision, systems and the guts to go all in on yourself. Here's how I built alone — and why I still would, even now.

By Sarah Choudhary
Starting a Business

I Built a $20 Million Company by Age 22 While Still in College. Here's How I Did It and What I Learned Along the Way.

Wealth-building in your early twenties isn't about playing it safe; it's about exploiting the one time in life when having nothing to lose gives you everything to gain.

By Emil Barr
Leadership

Why the World's Best CEOs Are Training Like Athletes — and How You Can, Too

Here's what best-in-class leaders can learn from the habits, discipline and mindset of elite performers.

By Sam Reese