India, Nov. 3 -- Peer-to-peer (P2P) lending startup LenDenClub's parent Vartis Platforms has launched UdhaarSaathi, a digital loan marketplace for small businesses, expanding its lending service provider (LSP) portfolio.

Speaking to Inc42, Vartis founder Bhavin Patel said the platform caters to kirana stores, pharmacies, street vendors, and other small retailers, facilitating collateral-free business loans ranging from Rs.15,000 to Rs.2.5 Lakh.

With an average loan ticket size of around Rs.1 Lakh, Vartis aims to facilitate Rs.1,000 Cr in disbursements through UdhaarSaathi by the end of FY27.

The launch comes amid Vartis' internal preparations for a potential IPO, including strengthening governance across its platforms. Patel said that ...