Lendbox peer to peer lending startup raises INR 6 Cr from Pre-series A round funding led by IvyCap Ventures. The fund raised used for strengthening of customer support, front end, and backend technologies of the startup.
The startup started in the year 2015, by Ekmeet Singh, Bhuvan Rustagi, and Jatin Malwal which is based out in the capital city of India. It provides the platform for both borrowers and lenders without any other intermediate medium. It is a digital media where we can get personal loans, and there are chances of getting high profits.
It will give you unique services when compared to others platforms like simple process, high returns up to 36%, and no extra charges. To get a loan, you should get 100 points in the list which is the primary requirement. The startup now serving 100 cities in the country and planning to expand and it reached to more than 11,000 users.
IvyCap ventures founded in the year 2011, by Vikram Gupta based out in Mumbai. It will help startups to grow, and they are more interested in innovative ideas, a new technology which is solving real-time problems in the society.