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MSME lending platform LoanKuber has raised a Pre-Series A round of Rs 13 crore led by Lets Venture and with participation from Inflection Point Ventures, among other investors.
The company will use the proceeds towards building and expanding the team, enhancing the existing tech stack and growing its loan book to Rs 75 crore in the next 12 months. LoanKuber aims to onboard 1,000 MSMEs on its platform in the next 12 months as part of its expansion plan.
Mitesh Shah, co-founder of Inflection Point Ventures, said, “We know that banks are not designed to lend to a majority of the population
