India, March 13 -- Peer-to-peer (P2P) lending startup LenDenClub is eyeing nearly 50% YoY revenue growth in the ongoing financial year (FY26) after returning to the black in FY25.
"We will close this financial year with around Rs.330 Cr to Rs.350 Cr in revenue. EBITDA margin will also improve during the year as we scale further," cofounder and CEO Bhavin Patel told Inc42, without giving a bottom line estimate for FY26.
After a tumultuous few years due to RBI's crackdown on P2P lending starting 2024, the startup bounced back in the previous fiscal year to report a net profit of Rs.28.6 Cr in FY25 compared to a net loss of Rs.10.6 Cr in FY24. The startup had turned profitable in FY22 but slipped into the red following RBI's regulatory cha...
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