About QuickLend
QuickLend is a company based in Bengaluru (India) founded in 2023 by Raghuram Trikutam and Abhishek Uppala.. QuickLend has raised $799.64 thousand across 1 funding round from investors including LetsVenture, Upsparks Capital and Inuka Capital. QuickLend offers products and services including Loan Against Mutual Funds and Credit Line. QuickLend operates in a competitive market with competitors including Yenmo, Abhiloans, 50Fin, Neoble and Amplify Energy Innovations, among others.
- Headquarter Bengaluru, India
- Founders Raghuram Trikutam, Abhishek Uppala
- 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 Finramp Technologies Private Limited
- Date of Incorporation 17 Nov, 2023
- Jurisdiction Banglore, Karnataka, India
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Annual Revenue
$22.54 (USD)0as on Mar 31, 2024
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Net Profit
$-1.7 K (USD)0as on Mar 31, 2024
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EBITDA
$-1.59 K (USD)0as on Mar 31, 2024
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Total Equity Funding
$799.64 K (USD)
in 1 rounds
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Latest Funding Round
$799.64 K (USD), Seed
Aug 28, 2024
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Investors
LetsVenture
& 11 more
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Employee Count
Employee Count
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Products & Services of QuickLend
QuickLend offers a comprehensive portfolio of products and services, including Loan Against Mutual Funds and Credit Line. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides instant loans by pledging mutual funds for cash.
Offers flexible credit with interest only on drawn amounts.
Funding Insights of QuickLend
QuickLend has successfully raised a total of $799.64K through 1 strategic funding round. The most recent funding activity was a Seed round of $799.64 thousand completed in August 2024. 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 Total Funding
- Total Rounds 1
- Last Round Seed — $799,639
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First Round
First Round
(28 Aug 2024)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Seed - QuickLend | Valuation | Eximius Ventures , Upsparks Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in QuickLend
QuickLend has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include LetsVenture, Upsparks Capital and Inuka Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Pre-seed startups are invested in by Eximius Ventures.
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Founded Year | Domain | Location | |
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Micro venture capital fund focused on tech startups
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Founded Year | Domain | Location | |
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Productivity software for note-taking and collaboration services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by QuickLend
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - QuickLend
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Quicklend Comparisons
Competitors of QuickLend
QuickLend 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 Yenmo, Abhiloans, 50Fin, Neoble and Amplify Energy Innovations, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of loans against mutual funds for financial applications
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| domain | founded_year | HQ Location |
Investment securities-based loans are provided via an online platform.
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| domain | founded_year | HQ Location |
Loans against investment securities like stocks and bonds are provided.
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| domain | founded_year | HQ Location |
Provider of digital lending platform for financial applications
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| domain | founded_year | HQ Location |
Operates a solar energy marketplace connecting customers, financers, and manufacturers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Quicklend
Frequently Asked Questions about QuickLend
When was QuickLend founded?
QuickLend was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is QuickLend located?
QuickLend is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is QuickLend a funded company?
QuickLend is a funded company, having raised a total of $799.64K across 1 funding round to date. The company's 1st funding round was a Seed of $799.64K, raised on Aug 28, 2024.
What is the annual revenue of QuickLend?
Annual revenue of QuickLend is $22.54 as on Mar 31, 2024.
What does QuickLend do?
QuickLend was established in 2023 in Bengaluru, India, within the fintech lending sector. Loans against mutual funds are facilitated for borrowers through collaborations with multiple lenders. Operations focus on delivering structured borrowing options with competitive interest rates. Services are tailored to enhance accessibility and efficiency for users in the Indian financial market, supported by a team of co-founders including Raghuram Trikutam and Abhishek Uppala.
Who are the top competitors of QuickLend?
What products or services does QuickLend offer?
QuickLend offers Loan Against Mutual Funds and Credit Line.
Who are QuickLend's investors?
QuickLend has 12 investors. Key investors include LetsVenture, Upsparks Capital, Inuka Capital, Eximius Ventures, and Bhaskar Raju Konduru.
What is QuickLend's valuation?
The valuation of QuickLend is $4.59M as of Aug 2024.
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