By Abhay Ray 
Introduction
Quicklend, a secured lending platform, has introduced Loan Against Mutual Funds (LAMF) product in collaboration with Bajaj and a consortium of prominent NBFCs. Alongside this announcement, Quicklend disclosed securing ₹6.75 Cr (around $774K) in a pre-seed funding round led by Inuka Capital, Eximius Ventures, Upsparks Capital, GrowX, and a group of strategic angel investors. The proceeds will be used to scale its operations, enhance its technological capabilities, and introduce innovative features that redefine the lending experience. The company is set to allocate significant resources towards research and development. Quicklend offers fast, transparent, and easy lending solutions for borrowers while equipping lenders with advanced portfolio management tools.
What is Quicklend ?
Founded in 2024 by industry veterans Arunkumar Jadhav, Abhishek Uppala, and Raghuram Trikutam, Quicklend is a secured lending platform that focuses on offering fast, transparent, and easy-to-use lending solutions. The startup aims to simplify the lending process while ensuring that lenders have the tools they need to manage their portfolios effectively.
Quicklend uses technology to bridge the gap between credit-seekers and financial institutions, offering an accessible and seamless way to apply for secured loans.
Its key offering – Loan products backed by tangible assets, making them a safer bet for both the lender and the borrower. The Bengaluru-based startup also launched its Loan Against Mutual Funds (LAMF) product in collaboration with Bajaj and a consortium of prominent NBFCs. LAMF is a loan that enables borrowing by pledging Mutual Fund units as collateral. Similar to other asset-backed loans, it offers financial flexibility with the added advantage of a fully digital process.
Why Did Quicklend Raise ₹6.75 Crore ?
With this new round of funding, Quicklend plans to scale its operations and continue its mission of financial inclusion. The ₹6.75 crore raised will be used for several key purposes, including :
- Technological Enhancements
Quicklend is heavily investing in research and development (R&D) to enhance its technology stack. This will allow the platform to introduce new features that further simplify and optimize the loan process for both borrowers and lenders.
- Expanding Operations
As Quicklend grows, it plans to expand its operations and reach more borrowers and lenders across India. This includes building stronger relationships with NBFCs, mutual fund houses, and other financial institutions to enhance the range of lending products it can offer.
- Innovative Features and Products
Quicklend’s ultimate goal is to transform the way people think about secured lending. By using technology to simplify the borrowing process, it plans to launch new loan products and features that make it even easier for customers to access credit. With more flexible and customer-centric offerings, Quicklend aims to redefine how secured loans are perceived in the Indian market.
Purpose of Fundraising
Quicklend will use the newly raised capital to scale its operations, enhance its technological capabilities, and introduce innovative features that redefine the lending experience. The firm said it will allocate significant resources towards research and development (R&D).
This funding reflects the confidence our investors have in Quicklend’s vision to transform the lending landscape in India,” said Raghuram Trikutam, CEO of Quicklend. “We remain dedicated to leveraging this capital to bridge the gap between financial institutions and credit-seekers, furthering our commitment to financial inclusion across the nation.
Quicklend’s Offerings
Established in 2024 by industry veterans Arunkumar Jadhav,Abhishek Uppala, and Raghuram Trikutam, Quicklend leverages technology to offer fast, transparent, and seamless lending solutions for borrowers while equipping lenders with advanced portfolio management tools. It claims to have emerged as one of the fastest-growing lending startups with robust partnerships across the fintech ecosystem.
What Investors Have to Say ?
Investors are excited about Quicklend’s potential to disrupt the lending market in India. Here’s what some of them had to say about their involvement:
Gautam Shewakramani, Co-Founder & Partner at Inuka Capital
“With Indian consumer savings moving to the financial markets, Quicklend’s solution offers lenders, their demand partners, and consumers across India the ability to quickly access liquidity in a completely automated fashion. We’re excited to back Raghuram and the team as they build the infrastructure to unlock secured credit in India.”
Pearl Agarwal, Founder and Managing Partner of Eximius Ventures
“As vigilance around unsecured loans rises, secured loans are set to grow significantly. With mutual funds gaining traction in Tier 2 and 3 cities, this creates a lucrative opportunity. Quicklend is at the forefront, digitizing the loan journey with mutual funds and plans to expand into other secured assets. We’re excited to back Raghu and his team, whose 30+ years of collective FinTech experience bring a unique edge in crafting transformative solutions.”
Conclusion
As the lending landscape in India continues to evolve, Quicklend is proving that secured loans can be more accessible, automated, and customer-friendly. With strong backing from prominent investors, a focus on technology, and an innovative approach to leveraging mutual funds as collateral, Quicklend is shaping the future of fintech in India.
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