Building The Amazon For Lending | IndiaLends
Credit is like a time-travel machine! Why?
Because credit makes it possible to access future earnings by paying a small fee today. In a developed economy, credit is the lubricant that greases the growth engine of the economy, empowering businesses and consumers to time-travel their income.
In the US, the total credit value is more than 2x the GDP. In India, this is only half of the GDP. This shows the massive opportunity to build credit businesses in India.
Chasing this opportunity is fintech startup, IndiaLends.
IndiaLends brings efficiencies in the lending process by aggregating multiple lenders on one platform so that every customer can find a lender that meets their needs.
The startup has raised more than $30 mn so far to help them in their mission.
Gaurav Chopra is a lending industry veteran, having worked with global lending companies like Capital One.
He talks about the 7 year-long journey of building IndiaLends, surviving the pandemic, and the Saas opportunities they are chasing in the lending space.
Other Ways to Listen:
Spotify | Apple Podcast | Amazon Music | Google Podcast
Some of the things he shared:-
Business model
Building a plug-and-play technology for lenders
Fundraising journey
Future roadmap
Additional readings:-
Fintech startup IndiaLends takes shot at unorganized lending market, secures pre-series A funding
Why This Entrepreneur Has a Deep Faith in India's Consumer Lending Space
Before you go……the analytics only tell me so much, I want to hear what you feel and think about the conversations.
Mail me at ad@thepodium.in with your comments & feedback or if you just want to hear my comments on your startup idea - I love getting your emails!
Until the next founder's thesis📕,
Your host, AD