About LoanSimple
LoanSimple is a Financial Services company based in Gurugram (India) founded in 2017 by Daman Kohli, Ashutosh Kumar, and Sanny Chaudhary. LoanSimple has raised $1.55 million across 4 funding rounds from investors including Angel List, Wellfound and LetsVenture. LoanSimple was last valued at $5.8 million in May 2020. Its Indian entity Ash Grove Capital Private Limited reported revenue of ₹21.4 Lakh. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include FlexiLoans, Bizongo and Lendingkart; 3 of its 3 listed competitors have raised funding.
Company details
Online lending platform offering business loans. It offers a platform that enables businesses to apply and get funded for loans like business loans, credit lines, MSME and SME loans, unsecured business loans, working capital loans, and more. It also offers solutions for payments and insurance.
- Headquarters Gurugram, India
- Founders Daman Kohli, Ashutosh Kumar, Sanny Chaudhary
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website loansimple.in
- Social LinkedIn X
- Legal Name Ash Grove Capital Private Limited
- Date of Incorporation 06 Feb, 2018
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹21.4 Lakh
FY 2025 · -33% YoY
- Net Loss-₹29,121
FY 2025 · -1% margin
- EBITDA₹1.2 Lakh
FY 2025 · 6% margin
- Total Equity Funding$1.55M (USD)
in 4 rounds
- Latest Funding Round$265.72K (USD), Seed
May 2020
- InvestorsAngel List
& 50 more
Associated legal entities of LoanSimple
LoanSimple is associated with 3 registered companies on The Company Check; the primary company is Ash Grove Capital Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ash Grove Capital Private Limited CIN U65999DL2018PTC329168 | Active | 06 Feb 2018 | New Delhi, Delhi | ₹0.2 Cr | 3 | View details | |
| Kiranovations Advisors Llp CIN ABC-2683 | Under Process Of Striking Off | 29 Aug 2022 | New Delhi, Delhi | 2 | View details | ||
| Unogrowth Technologies Private Limited CIN U74999HR2017PTC070709 | Active | 08 Sep 2017 | Gurgaon, Haryana | ₹0.7 Cr | 2 | 2 | View details |
Funding Insights of LoanSimple
LoanSimple has successfully raised a total of $1.55M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $265.72 thousand completed in May 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.55M
- Total Rounds 4
- Last Round Seed — $265,715
- First Round $245,641
(Nov 2017)
- Investors Count 51
All 4 funding rounds of LoanSimple with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2020 | $265,715 | Seed | $5.8M | Leo Capital | |
| Jan 2019 | $532,465 | Seed | $5.94M | Purvi Capital, Leo Capital | |
| Apr 2018 | $502,313 | Seed | $••••• | Leo Capital | |
| Nov 2017 | $245,641 | Seed | $••••• | Purvi Capital |
| Date | Valuation | Stage |
|---|---|---|
| May 2020 | $5.8M | •••••••• |
| Jan 2019 | $5.94M | •••••••• |
| Apr 2018 | $••••• | •••••••• |
| Nov 2017 | $••••• | •••••••• |
Full valuation and stage history of LoanSimple
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $5.8M (May 2020). 51 investors in total: 10 institutional and 41 angel.
Investors in LoanSimple
LoanSimple has secured backing from 51 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Wellfound and LetsVenture.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in early stage, technology-centric opportunities | 2017 | leo.capital | Delhi, India | |
Tech-focused seed and early stage VC firm investing in geographies such as India | purvicapital.com | Chicago, United States | ||
Venture capital fund focused on early stage companies | ideovateventure.tcc.mode | Singapore, Singapore | ||
Web application platform requiring JavaScript for services. | 2018 | appyhigh.com | Gurugram, India | |
Venture capital firm investing in early-stage startups across fintech, software, and other sectors. | 2016 | stellarisvp.com | Bengaluru, India | |
Startup jobs are connected to individuals via a dedicated platform. | 2013 | wellfound.com | New York, United States | |
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Website management and maintenance services are provided by Ittitude Technology. | ittitude.tcc.mode | Delhi, India | ||
Media and entertainment activities are managed from Mumbai, India. | rramediaandentertainment.tcc.mode | Mumbai, India |
Investor details for LoanSimple
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Ash Grove Capital Private Limited (LoanSimple)
Ash Grove Capital Private Limited is the primary company behind LoanSimple. The boards of the 3 registered companies of LoanSimple currently have 5 directors; the longest-serving is Sanny Chaudhary, appointed in 2022. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanny Chaudhary DIN 06914518 | Designated Partner | 29 Aug 2022 | 4 yrs 1 mo | Kiranovations Advisors Llp, Unogrowth Technologies Private Limited |
| Daman Singh Kohli DIN 06919760 | Designated Partner | 29 Aug 2022 | 4 yrs 1 mo | Kiranovations Advisors Llp, Unogrowth Technologies Private Limited |
| Aashima Grover Sharma DIN 10224400 | Director | 22 May 2024 | 2 yrs 5 mo | Ash Grove Capital Private Limited |
| Neeru Grover DIN 10224420 | Director | 22 May 2024 | 2 yrs 5 mo | Ash Grove Capital Private Limited |
| Charanjit Kumar Verma DIN 10224473 | Director | 22 May 2024 | 2 yrs 5 mo | Ash Grove Capital Private Limited |
People of LoanSimple
3 people are tracked at LoanSimple (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for LoanSimple
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of LoanSimple
Figures of Ash Grove Capital Private Limited, the primary company behind LoanSimple, for FY 2025. Revenue was ₹21.4 Lakh (-33% year on year). Net loss was -₹29,121 (-1% margin). EBITDA was ₹1.2 Lakh (6% margin). Revenue has grown at a compounded annual rate of +9% over three years and +24% over five years.
- ₹21.4 LakhRevenue · FY 2025 · -33% YoY
- -₹29,121Net loss · -1% margin
- ₹1.2 LakhEBITDA · 6% margin
- ₹1.10 CrPaid-up capital
- +9%Revenue CAGR, 3 years
- +24%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ash Grove Capital Private Limited are on its company page.
Detailed financial statements for LoanSimple
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of LoanSimple
4 dated milestones of LoanSimple across 3 years, from founding to its latest funding, stage changes and deals.
- Founded LoanSimple is founded.
- Funding First funding round of $246K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $266K.
Competitors of LoanSimple
LoanSimple has 3 listed competitors in our database, 3 of them funded. They include FlexiLoans, Bizongo and Lendingkart.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flexiloans.com | 2016 | Mumbai, India | $96.88M | 624 | Business loans and financial products for MSMEs are provided. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| lendingkart.com | 2014 | Ahmedabad, India | $260.24M | 790 | Provider of unsecured business loans and working capital financing to MSMEs |
Detailed competitors of LoanSimple
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
3 companies that operate in the same segment as LoanSimple (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Frequently Asked Questions about LoanSimple
LoanSimple was founded in 2017.
LoanSimple is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
LoanSimple is a funded company, having raised a total of $1.55M across 4 funding rounds to date. The company's 1st funding round was a Seed of $245.64K, raised on Nov 2017.
The primary company behind LoanSimple, Ash Grove Capital Private Limited, reported revenue of ₹21.4 Lakh for FY 2025, down 33% year on year.
Online lending platform offering business loans. It offers a platform that enables businesses to apply and get funded for loans like business loans, credit lines, MSME and SME loans, unsecured business loans, working capital loans, and more. It also offers solutions for payments and insurance.
LoanSimple's top competitors include FlexiLoans, Bizongo and Lendingkart.
LoanSimple has 51 investors. Key investors include Angel List, Wellfound, LetsVenture, Appyhigh, and Stellaris Venture Partners.
The valuation of LoanSimple is $5.8M as of May 2020.
LoanSimple is associated with 3 legal entities: Ash Grove Capital Private Limited, Kiranovations Advisors Llp, Unogrowth Technologies Private Limited.
The legal entities of LoanSimple currently have 5 directors, including Sanny Chaudhary, Daman Singh Kohli, Aashima Grover Sharma and others.