About LoanSimple
LoanSimple is a 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 operates in a competitive market with competitors including Funding Societies, FlexiLoans, Bizongo, Lendingkart and Yubi, among others.
- Headquarter Gurugram, India
- Founders Daman Kohli, Ashutosh Kumar, Sanny Chaudhary
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Ash Grove Capital Private Limited
- Date of Incorporation 06 Feb, 2018
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$19.92 K (USD)-43.43as on Mar 31, 2022
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Net Profit
$8.56 K (USD)-64.75as on Mar 31, 2022
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EBITDA
$3.16 K (USD)-84.07as on Mar 31, 2022
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Total Equity Funding
$1.55 M (USD)
in 4 rounds
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Latest Funding Round
$265.72 K (USD), Seed
May 12, 2020
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Investors
Angel List
& 50 more
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Employee Count
Not available
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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.
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.
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Venture capital fund investing in early stage, technology-centric opportunities
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Tech-focused seed and early stage VC firm investing in geographies such as India
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Venture capital fund focused on early stage companies
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Investor details for LoanSimple
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Investments & Acquisitions by LoanSimple
Investment portfolio details for LoanSimple
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Financial Statements - LoanSimple
Detailed financials for LoanSimple
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Loansimple Comparisons
Peer comparison for LoanSimple
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- Named peers
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Competitors of LoanSimple
LoanSimple operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Funding Societies, FlexiLoans, Bizongo, Lendingkart and Yubi, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Business loans are provided via a P2P marketplace platform.
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Business loans and financial products for MSMEs are provided.
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Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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Provider of unsecured business loans and working capital financing to MSMEs
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Business loans are facilitated through an online debt marketplace.
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Software solutions are provided for e-commerce and D2C brands.
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Detailed competitors of LoanSimple
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Latest news on Loansimple
Complete news archive for LoanSimple
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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.
Annual revenue of LoanSimple is $19.92K as on Mar 31, 2022.
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 Funding Societies, FlexiLoans and Yubi.
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.