LoanKuber has brought pre-Series A round of Rs 13 crores drove by Lets Venture which saw participation from Inflection Point Ventures among different investors.

LoanKuber said it will utilize the returns towards building and expanding the team, enhancing the existing tech stack, onboarding 1000 MSMEs and rapidly growing its loan book to Rs 75 crore in the following a year.

Established in 2017 by Saurabh Nagpal, LoanKuber is a digital-first automated mortgage platform enabling mortgage lending MSMEs against possessed residential collateral.

The New Delhi-based is at present operational in 10 urban areas across NCR including Delhi, Gurgaon, Noida, Faridabad, Pilkhuwa, Hapur, Sonipat, Muradnagar, Baghpat and Modinagar.

The deal is Inflection Point Venture’s 44th deal for 2021, keeping them on track to invest Rs 155 crores across 60 startups constantly end.