Peer-to-Peer (P2P) lending platform LenDenClub has raised $10 million in a Series A funding round co-led by Tuscan Ventures, Ohm Stock Brokers, Artha Venture Fund, and angel investors, including Kunal Shah (Founder, CRED), Alok Bansal (Co-founder, PolicyBazaar), Ramakant Sharma (Co-founder, Livspace), Hardik Pandya (Indian cricketer), and Krishna Bhupal (Co-founder of Promaxo).
The P2P lending platform is aiming to take its loan book growth to $1 billion and upscale user base to 10 million by FY23.