Venture Catalysts’ latest investment seed funding is in a premium peer-to-peer lending platform, LenDenClub, with the aim to further enhance its disruptive technology and push the company to become leader in the peer-to-peer lending segment.
India’s first seed investment & innovation platform, Venture Catalysts looks to add value to start-ups through its angel network, venture fund, co-working facility and effective post-investment support.
Venture Catalysts is looking to have about 800-1000 active angels onboard its platform in the near future.
Anirudh Damani, Angel Investor at Venture Catalyst stated, “Unstructured P2P lending has been going on for centuries and while the world has moved on to structured P2P lending the space is at a nascent stage in India but the demand for such a platform is quite high.”
Founded in 2014, LenDenClub is a Fin-Tech startup that connects salaried borrowers to individual lenders. LenDenClub has arranged more than 150 loans till date. the company plans to utilize the seed funds into further enhancing the platform and ultimately create an end-to-end online lending process.
Bhavin Patel, Co-Founder & CEO, LenDen Club, said “We wanted to bring traditional lending on digital platform. Securing seed funding at such a nascent stage gives us the boost we have been looking for.”
Narendra Karnavat, Angel Investor at Venture Catalysts, said, “There are a lot of regulatory & RBI hurdles in this industry and is considered to be high risk -return investment. To eliminate them, there has to be proper solutions in place to keep the regulatory hurdles out.”
