Episode 11: Bhavin Patel, Founder of LenDenClub
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Here are some of the topics we discussed with Bhavin Patel, Founder of LenDenClub –
• How did Bhavin’s education help him in his entrepreneurial journey? What was the biggest learning for Bhavin from his first experience in a start-up? What’s the difference between being an executive and being a founder? What prior experience does he think all founders should have?
• What does LenDenClub do? Why was the idea behind this start-up? Why did he choose to open a company that is regulated under RBI considering his past issues with RBI?
• How did Bhavin meet his co-fou8nder Dipesh ( / deepeshkarkee ) ? What qualities did Bhavin look for before choosing him as a cofounder? How has the relation with his cofounder matured over the past few years?
• How did LenDenClub reach ₹100 crores in lifetime loan disbursals during the pandemic? What use-cases do people usually borrow small-ticket loans for? How did he go from 1 loan a month to 7500 loans a month? What drives Bhavin to do this?
• What was it like raising money in a heavily regulated area? What was easier about raising the second round over the first round?
• How did COVID-19 and demonization affect LenDenClub, a company that operates in a highly regulated industry? What are his learnings after 5 years of operation? What are the most critical moments in his journey with LenDenCLub?
About Bhavin Patel
Bhavin Patel is the co-founder and CEO of LenDenClub, one of India’s leading peer-to-peer (P2P) lending platforms. With a background in finance and a vision to simplify access to credit, Bhavin launched LenDenClub to connect borrowers and lenders through a seamless, tech-driven platform. Under his leadership, the company has become a trusted name in fintech, offering innovative solutions for both investors and borrowers. Bhavin’s strategic approach and focus on technology have driven LenDenClub’s rapid growth, positioning it as a key player in India’s alternative lending market. His mission is to make credit accessible and investing more rewarding for everyone.
About DamaniTalks
DamaniTalks, hosted by Anirudh A Damani, began as a live podcast during COVID-19 to motivate entrepreneurs and investors through tough times. It evolved into insightful conversations uncovering the ‘why’ behind entrepreneurship. From insightful conversations to actionable advice, DamaniTalks explores startup stories, venture capital trends, and the realities of building scalable businesses. Tune in for authentic discussions that inspire, educate, and motivate the next generation of entrepreneurs. Subscribe now to stay ahead in the world of innovation and growth!
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