Quicklend, a secured lending platform, has raised ₹6.75 crore in a pre-seed funding round led by Inuka Capital, Eximius Ventures, Upsparks Capital, GrowX, and a group of strategic angel investors.
The funds raised will be used to scale its operations, enhance its technological capabilities, and introduce innovative features that redefine the lending experience. The company is set to allocate significant resources towards research and development, ensuring that its platform remains at the forefront of technological advancements in the fintech sector.
Quicklend also plans to broaden its geographical footprint and expand its distribution network. Additionally, it will strengthen its data security infrastructure to maintain the highest levels of user trust and confidence.
Quicklend also launched its Loan Against Mutual Funds (LAMF) product in collaboration with Bajaj and a consortium of prominent NBFCs.
“This funding reflects the confidence our investors have in Quicklend’s vision to transform the lending landscape in India. We remain dedicated to leveraging this capital to bridge the gap between financial institutions and credit-seekers, furthering our commitment to financial inclusion across the nation,” said Raghuram Trikutam, CEO of Quicklend.
Gautam Shewakramani, Co-Founder & Partner at Inuka Capital said, “With Indian consumer savings moving to the financial markets, Quicklend’s solution offers lenders, their demand partners, and consumers across India to quickly access liquidity in a completely automated fashion. We’re excited to back Raghuram and the team as they build the infrastructure to unlock secured credit in India.”
Pearl Agarwal, Founder and Managing Partner of Eximius Ventures said, “As vigilance around unsecured loans rises, secured loans are set to grow significantly. With mutual funds gaining traction in Tier 2 and 3 cities, this creates a lucrative opportunity. Quicklend is at the forefront, digitizing the loan journey with mutual funds and plans to expand into other secured assets. We’re excited to back Raghu and his team, whose 30+ years of collective FinTech experience bring a unique edge in crafting transformative solutions..”
Founded in 2024 by Arunkumar Jadhav, Abhishek Uppala, and Raghuram Trikutam, Quicklend leverages technology to offer fast, transparent, and seamless lending solutions for borrowers while equipping lenders with advanced portfolio management tools.
