LenDenClub Parent Vartis Platforms Launches UdhaarSaathi For Small Business Loans
Vartis Platforms has unveiled UdhaarSaathi, a digital loan marketplace targeting small retailers, kirana stores, and street vendors with collateral-free loans between ₹15,000 and ₹2.5 Lakh. The platform operates as a lending service provider and marketplace, connecting borrowers with multiple NBFCs while using business transaction data for credit assessment. Founder Bhavin Patel said the company is preparing for an IPO over the next 12–18 months, with plans to disburse ₹1,000 Cr through UdhaarSaathi by end of FY27.
Key points
- New marketplace targets SMBs and street vendors with collateral-free loans of ₹15,000–₹2.5 Lakh
- Average loan ticket size around ₹1 Lakh; ₹1,000 Cr disbursement target by FY27
- Vartis preparing for potential IPO within 12–18 months; governance strengthening underway
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