Peer-to-peer lending startup LenDenClub has raised $1 million in a pre-series A round led by its existing venture Artha Venture Fund. Transworld Group, angel investors- Shuchi Kothari, and Ramakant Sharma among others also participated in the round.
LenDenClub will deploy the funds for product enhancement and expansion. The firm which enables individuals to borrow and lend money without any intermediaries previously raised Rs 4.5 crore seed round in 2018. (Source)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
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