Episode XI – Bhavin Patel, Founder of LenDenClub

LenDenClub is India’s largest peer-to-peer lending and borrowing platform. They provide personal loans from ₹5k up to ₹5L – all within 24 hours.

Bhavin founded LenDenClub in 2014 when he identified the gap in the market while working with NBFCs.

Here are some of the topics we discussed

  • How did Bhavin’s education help him in his entrepreneurial journey? What was the biggest learning for Bhavin from his first experience in a start-up? What’s the difference between being an executive and being a founder? What prior experience does he think all founders should have?
  • What does LenDenClub do? Why was the idea behind this start-up? Why did he choose to open a company that is regulated under RBI considering his past issues with RBI?
  • How did Bhavin meet his co-fou8nder Dipesh? What qualities did Bhavin look for before choosing him as a cofounder? How has the relation with his cofounder matured over the past few years?
  • How did LenDenClub reach ₹100 crores in lifetime loan disbursals during the pandemic? What use-cases do people usually borrow small-ticket loans for? How did he go from 1 loan a month to 7500 loans a month? What drives Bhavin to do this?
  • What was it like raising money in a heavily regulated area? What was easier about raising the second round over the first round?
  • How did COVID-19 and demonization affect LenDenClub, a company that operates in a highly regulated industry? What are his learnings after 5 years of operation? What are the most critical moments in his journey with LenDenCLub?

Watch this episode

Published by ShowMeDamani

Disruptive Son, Bully Brother, Naughty Uncle, Mischievous Nephew, Radical Angel Investor, Irritating Serial Entrepreneur.. basically a 6ft man with 29k ft dream

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