Delhi-based consumer lending startup IndiaLends has raised $10 million in a Series B round of funding led by London-headquartered asset management firm ACPI Investment Managers and India-focused venture capital firm Ganesh Ventures.
Amex ventures, along with the other existing investors in the company, including DSG Consumer Partners and AdvantEdge Partners, also participated in the latest financing round.
The latest funding round comes a year and a half after IndiaLends raised $4 million in a Series A round of funding led by American Express Ventures, the corporate venture investment arm of American Express company.
The company raised $1 million bridge round in October 2015.