Upwards Acquired
Mumbai-based lending-tech platform offering personal loans to salaried professionals, using a proprietary underwriting engine analyzing 500+ data points to assess creditworthiness. Acquired by Lendingkart in Feb 2023 and continues to operate as a Lendingkart brand.
Upwards: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| Sep 2018 ~ | Series A | $5 Mn | Shunwei Capital India Quotient Mayfield | source |
| 7 Nov 2017 | Seed | Undisclosed | India Quotient Mayfield | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 8 Feb 2023 | Lendingkart | Upwards | Rs 100-120 Cr (reported estimate; deal terms not officially disclosed) | source |
News on Upwards
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Who founded Upwards?
Upwards was founded by Abhishek Soni, Nimesh Verma in 2017.
How much funding has Upwards raised?
Upwards has raised $5 Mn across 2 tracked funding round(s), most recently on 2018-09-01. Figures are compiled from cited public sources.
Who are the investors in Upwards?
Investors in Upwards include Shunwei Capital, India Quotient, Mayfield.
What does Upwards do?
Mumbai-based lending-tech platform offering personal loans to salaried professionals, using a proprietary underwriting engine analyzing 500+ data points to assess creditworthiness. Acquired by Lendingkart in Feb 2023 and continues to operate as a Lendingkart brand.
Where is Upwards headquartered?
Upwards is headquartered in Mumbai, Maharashtra, India.
What is Upwards's business model?
Upwards's core value proposition centers on Data-driven underwriting for thin-file borrowers, Bridging the personal-loan credit gap.