One More Indian Lending Startup Raises $10 Million Funding
IndiaLends, a New-Delhi based digital lending and borrowing marketplace has raised $10 million (about Rs 69 crore) in a Series B funding round. The funding round was led by ACPI Investment Managers (London-based asset management firm) and Ganesh Ventures (India-focused venture capital firm).
The latest funding round also saw the participation of existing investors such as AmEx ventures, Deepak Shahdadpuri-led consumer-focused venture capital firm DSG Consumer Partners and AdvantEdge Partners.
This funding news has come around 18 months after the firm had secured $4 million in a funding round which was led by American Express Ventures, the corporate venture investment arm of American Express Company. As of now, the total amount that the company has raised in funding is around $16 mill...