Powered by

Advertisment
Home Funding News

Quicklend Raises Rs 6.75 Cr Funding In Pre-Seed Round

Quicklend, a secured lending platform, has raised Rs 6.75 crore (around $774K) in its pre-seed round led by Inuka Capital, Eximius Ventures, Upsparks Capital, GrowX and a group of strategic angel investors.

By Jitendra Das
New Update
Quicklend Raises Rs 6.75 Cr Funding In Pre-Seed Round

Quicklend, a secured lending platform, has raised Rs 6.75 crore (around $774K) in its pre-seed round led by Inuka Capital, Eximius Ventures, Upsparks Capital, GrowX and a group of strategic angel investors.

The startup plans to use the funds to expand its operations, improve its technology and introduce new features to transform the lending experience. A large portion of the funds will be spent on research and development.

Read also- Ola Founder Bhavish Aggarwal Launches Krutrim AI Labs With Rs 2,000 Cr Investment

About Quicklend 

Founded by Arunkumar Jadhav, Abhishek Uppala and Raghuram Trikutam, the Bengaluru-based Quicklend provides quick, clear and simple lending solutions for borrowers, while giving lenders advanced tools to manage their portfolios.

It also launched its Loan Against Mutual Funds (LAMF) product in partnership with Bajaj and several well-known NBFCs.

LAMF allows borrowers to take out a loan by using their Mutual Fund units as collateral. Like other asset-backed loans, it offers financial flexibility with the added benefit of being completely digital.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Funding and StoriesDiscover Funding Trends and Stories Shaping Indian Startups.

Startup Funding NewsYour Gateway to Every Funding Update.

Latest Startup NewsStay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup StoriesDiscover inspiring tales of startups overcoming challenges and achieving success.