E72: Sunit Gajbhiye (Co-founder, Financepeer) | Fundraising overview for founders

The Desi VC: Indian Venture Capital | Angel Investors | Startups | VC

Sunit Gajbhiye is the Co-Founder, Business Head at Financepeer. Prior to this he was Product Manager at EdgeVerve, Infosys. Sunit is an IIM and VJTI alumnus with 6+ years of experience in Business Operations and Product Management.

Financepeer, a Series B fintech startup backed by Aavishkaar Capital, QED Investors, 9Unicorn and Earlsfield Capital. The startup provides the entire year fee collection upfront to the School at the beginning of the year and collects fees from parents in monthly instalments that too at Zero Additional cost. Financepeer is spread across 60+ cities with over 6000+ school/ Institute partnerships. The Startup has so far impacted more than 15 lakh families by providing them no-cost-fee financing.

Financepeer's peer-to-peer lending platform connects individual borrowers to lenders digitally. It uses an algorithm that quantifies risk from credit and non-credit bureau channels by leveraging artificial intelligence (AI).

In this episode we will cover:

1. Brief overview of Financepeer

2. Structuring the fundraise (2:30)

3. How to best leverage the angel network (6:30)

4. Thinking through the seed stage fundraise and deployment of capital (8:18)

5. Managing relationships with investors (11:05)

6. Exit conversations (secondaries) and alignment (20:01)

7. When to raise Series A (21:50)

8. Why now and how much to raise (26:35)