- Funds raised are part of an ongoing Series A round
- LoanKuber enables mortgage lending for low-income households to help them on the path of financial well-being
- IPV has earlier invested in LoanKuber in the Pre-Series A round
- IPV has so far invested over Rs. 550 Cr across 140+ deals
LoanKuber is founded by Saurabh Nagpal, an alumnus of IIT Delhi and New York University, who was earlier part of the founding team of Lehman Brothers/ Nomura in India. LoanKuber provides customized mortgage loans to underserved MSMEs and is amongst the rare startups to achieve profitability early on in their journey.
The mortgage financing gap for MSMEs in India is estimated to be $300 billion and LoanKuber is one of the very few lenders today specifically addressing this huge opportunity which requires deep expertise and focus.
Mitesh Shah, Co-founder, Inflection Point Ventures says, “Over last year, LoanKuber has successfully built an extremely capital efficient and profitable business. We’re deeply impressed by the LoanKuber Team and their meticulous execution. We have invested in the Company from their Pre Series A stage and continue to back their vision as they grow at a healthy rate and address a huge financing gap which exists today in the Indian MSME sector.”
Loankuber has built an automated institutional co-lending platform for micro-mortgages allowing for competitive pricing to the end customer while generating significantly higher yields on its own NBFC balance sheet. The company has created hybrid acquisition channels that include a digital connector platform, lead generation platform, and low-cost branches reducing customer acquisition costs by 30%.
A strong focus on unit metrics/capital efficiency and frugal operations has helped LoanKuber build a profitable business from inception. The company aims to build an AUM of Rs 200 crores in the next 15 months as part of its expansion plan.
Saurabh Nagpal, CEO, LoanKuber says, “The funds will be used to further fuel our mission of offering innovative and affordable mortgage solutions to micro-SMEs and the next half billion Indians. The current fundraising will help us further invest in the team, technology, and operations to fulfill our mission. We are not just building a mortgage lending business; we are also transforming the lives of the Next 500 million people by unlocking the economic value of semi-urban and rural properties with our mortgage solutions.”
About LoanKuber
LoanKuber was founded in the year 2017 by Mr. Saurabh Nagpal, IIT Delhi Alumni, and Courant Loankuber is solving the US$200 billion mortgage financing gap for Micro-SMEs through transformative digital first mortgage platform while at the same time keeping acquisition costs low by engaging in Co-lending business model with other NBFCs.
About Inflection Point Ventures & Physis Capital
Inflection Point Ventures (IPV) is an angel investing platform with over 7300+ CXOs, HNIs, and Professionals who invest in startups. The firm supports new-age entrepreneurs by providing them with monetary and experiential capital and connecting them with a diverse group of investors. IPV has announced the launch of a $50 million CAT 2 AIF Physis Capital to invest in pre-Series A to Series B growth-stage start-ups.
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