LoanKuber Secures $3.5 Million in Pre-Series B Funding
Pune-based mortgage brand LoanKuber has secured $3.5 million in a pre-Series B funding round led by Singapore-based TRTL VC and existing backer Inflection Point Ventures. The round also saw participation from Auxano, LetsVenture, Mavuca Capital, and angel investors Ruchi Deepak (co-founder, Acko), Prashant Tandon (co-founder, 1mg), and Pankaj Vermani (co-founder, Clovia).
This funding round brings LoanKuber’s total funding to $13 million, following the Series A funding of $2 million received in February last year. The proceeds from the funding will be utilized to expand its assets under management (AUM), which currently stands at approximately Rs 93 crore. Additionally, the funds will be deployed in strengthening its technological infrastructure and leadership team.
Established in 2017 by Saurabh Nagpal, LoanKuber provides customized mortgage loans to Underserved Micro, Small, and Medium Enterprises (MSMEs). The company claims to have 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 Non-Banking Financial Company (NBFC) balance sheet.
LoanKuber’s focus on unit metrics and capital efficiency has enabled the company to maintain a profitable business since its inception. With a strong net worth of approximately Rs 51 crore, the company aims to scale its AUM to approximately Rs 180 crore within the next 12 months.
This funding will further support LoanKuber’s growth plans, enabling the company to capitalize on the huge potential in the MSME financing space.
Key Highlights:
- LoanKuber secured $3.5 million in a pre-Series B funding round led by TRTL VC and Inflection Point Ventures.
- The company’s total funding now stands at $13 million.
- The funds will be used to expand AUM, strengthen technological infrastructure, and leadership team.
- LoanKuber aims to scale its AUM to approximately Rs 180 crore within the next 12 months.
