Startup Name: Rang De
Tagline: Rang De helps Individuals to invest in fellow individuals from underserved communities to create sustainable livelihoods and earn financial returns
Elevator Pitch: Rang De helps Individuals to invest in fellow individuals from underserved communities to create sustainable livelihoods and earn financial returns. We’re initially targeting the $2 Billion Indian market for Social P2P lending. We make our money by charging interest and a membership fee. We acquire social investors primarily through online marketing and referrals. We have an experienced team with deep domain expertise and a first mover advantage. In our first 10 years as an Unregulated – Non-profit Entity, we signed up 15K Social Investors and 64K borrowers.
Target Market: Everyone interested in social well being of their fellow individuals
How will you make money?: We charge ₹999 annual membership fee from the social investor and get 1.8% APY from the borrower
How much capital have you raised?: 50-100k
Founder(s) Name: Aseem Khan
Website: https://rangde.in/
Twitter: https://twitter.com/rangde
City/Country: Bengaluru, India
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