Quicklend Secures Rs 6.75 Crore in Pre-Seed Funding

Quicklend, a secured lending platform, has successfully raised Rs 6.75 crore (approximately $774K) in its pre-seed funding round, which was spearheaded by Inuka Capital, Eximius Ventures, Upsparks Capital, GrowX, along with a number of strategic angel investors.

The funds will be utilised to expand operations, improve technological capabilities, and launch innovative features that aim to transform the lending experience. The startup plans to dedicate substantial resources to research and development.

About Quicklend

Established by Arunkumar Jadhav, Abhishek Uppala, and Raghuram Trikutam, Quicklend provides swift, transparent, and straightforward lending solutions for borrowers, while also offering lenders cutting-edge portfolio management tools.

Launch of Loan Against Mutual Funds

The Bengaluru-based startup has recently introduced its Loan Against Mutual Funds (LAMF) product in partnership with Bajaj and a consortium of leading NBFCs. This loan allows individuals to borrow money by using their Mutual Fund units as collateral. Much like other asset-backed loans, LAMF provides financial flexibility, enhanced by a completely digital process.