A new approach to identify bad loans is needed: Credgenics co-founder

The pile-up of bad loans is a pain point and the pressure is mounting, said Rishabh Goel

Credgenics answers to a unique profile — it is the country’s only technology-enabled platform for resolution of non-performing assets. It recently raised $25 million in a Series-A funding round from WestBridge Capital and Tanglin Venture Partners, which saw the participation of Accel Partners at a valuation of over $100 million. Rishabh Goel, co-founder, spoke to Raghu Mohan. Edited Excerpts. 

How has your firm been imagined?

I was with Blackrock on the distressed assets portfolio and was familiar with the pricing of transactions in the US and UK markets. While this was not a very big problem in the developed markets, it was