Peer-to-peer investment platform IndiaP2P raises pre-seed funding from Antler India
Mumbai-based peer-to-peer investment platform IndiaP2P announced on Thursday that it has raised pre-seed funding from Antler India.
The company plans to use the funding to bolster its technology backend and increase the offering of investment products to meet investor demand.
Founded in 2021 by Neha Juneja, Ravinder Voomidisingh and Mohit Gupta, the platform creates investment products for retail investors to generate returns of up to 18% per year.
The start-up was created with the advice of industry specialists Roopank Chaudhary, Ankit Mathur, Nagarajan M. Shiji Pavithran and Rachit Mathur.
A new asset class
The company starts with a peer-to-peer investment product that brings together a portfolio of diversified microfinance loans. In the long term, the company plans to democratize a new asset class between traditional fixed income instruments and equities.
The start-up provides loans to “creditworthy and verified” borrowers, focusing on Indian women looking to boost their income. Individual loans are bundled into portfolios which investors can buy in increments as small as ₹5,000. The platform uses proprietary technology as well as various risk management practices.
Neha Juneja, Co-founder and CEO of IndiaP2P, said, “The new era of Indian retail investors wants a new asset class that sits between traditional FDs and equities that is less volatile, transparent, easy to understand and which generates stable returns. IndiaP2P provides a synergistic platform to both retail investors and borrowers, where the former earn high returns on a debt instrument and the latter receive capital at lower cost”
“We have seen how women across the country have benefited from access to loans initiated by social underwriting and set a great example of good repayment behavior, marking them as high quality borrowers. It is therefore to them that we turn. Thanks to this and our portfolio engine, we are able to offer a much higher risk-reward profile than others. In the coming years, we aim to expand India’s investor base while meeting the country’s demand for credit,” Juneja said.
“We are optimistic that the IndiaP2P team will be able to open up this first new segment (the highest quality female microfinance borrowers) and then several other borrower portfolios in the pipeline. Neha, Ravinder and Mohit are a rare team who have accumulated in-depth knowledge on both the borrower and lender sides through their work deep in the trenches. I can’t think of a better team to also harness the power of last mile technology and data from the borrower side, for the first time in this industry,” added Nitin Sharma, partner and co-founder of ‘Antler India.
Antler plans to deploy $100-150 million in more than 100 Indian startups over the next three years.
February 03, 2022