Shubh Loans gets $4.8 million

Financial Inclusion & Well-being

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October 15, 2019

Shubh Loans gets $4.8 million

Source: The Economic Times

Bengaluru-based digital loan facilitating startup Shubh Loans has raised $4.8 million (Rs 34 crore) from Omidyar Network India, as part of its Series-A round of funding.

Existing investors Saama Capital, Beenext, SRI Capital and Pravega Ventures also participated in the round.

The funds will help Shubh Loans expand its customer sourcing platform, augment its technology, and grow the data science team and credit scoring platform.

Read more here.

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Omidyar Network India invests in bold entrepreneurs who help create a meaningful life for every Indian, especially the hundreds of millions of Indians in low-income and lower-middle-income populations, ranging from the poorest among us to the existing middle class. To drive empowerment and impact at scale, we work with entrepreneurs in the private, nonprofit and public sectors, who are tackling India’s hardest and most chronic problems. We invest in the areas of Advancing Cities, Digital Society, Education & Employability, Emerging Technologies, Financial Inclusion & Well-being and Property Inclusivity.
Omidyar Network India is part of the Omidyar Group, a diverse collection of companies, organizations and initiatives, supported by philanthropists Pam and Pierre Omidyar, founder of eBay.