LoanKuber, the mortgage lending platform that operates under Janasha Finance, has successfully raised $3.5 million in a pre-Series B funding round. This round was spearheaded by Singapore-based TRTL VC, along with the continued support of existing investor Inflection Point Ventures (IPV). Other notable participants in the round included Auxano, LetsVenture, Mavuca Capital, and angel investors such as Ruchi Deepak (co-founder, Acko), Prashant Tandon (co-founder, 1mg), and Pankaj Vermani (co-founder, Clovia).
This latest infusion of capital brings LoanKuber’s total fundraising to $13 million to date. The funds will be directed towards expanding the company’s assets under management (AUM), currently valued at approximately Rs 93 crore. Additionally, the capital will support the enhancement of LoanKuber’s technological infrastructure and the bolstering of its leadership team.
Founded in 2017 by Saurabh Nagpal, LoanKuber specializes in providing customized mortgage loans to underserved micro, small, and medium enterprises (MSMEs). The company has developed an automated institutional co-lending platform that facilitates micro-mortgages, offering competitive pricing to customers while delivering higher yields on its own non-banking financial company (NBFC) balance sheet.
LoanKuber’s growth strategy has centred on creating hybrid acquisition channels, including a digital connector platform, a lead generation platform, and low-cost branches. These initiatives have successfully reduced customer acquisition costs by 30%. The company’s emphasis on unit metrics, capital efficiency, and frugal operations has enabled it to build a profitable business from the outset.
With a net worth now standing at around Rs 51 crore, LoanKuber is poised for further growth and aims to scale its AUM to approximately Rs 180 crore within the next 12 months.
