London-based Landbay, a Peer-to-peer lending platform for Buy to Let mortgages, has secured USD 2.4 million from Omni Partners. Including this round, the company has raised a total capital of USD 2.9 million in 3 rounds from 2 investors.
Launched in 2013, as a venture of John Goodall and Gray Stern, the company now joined the UK Peer to Peer Finance Association (P2PFA), alongside founding members Zopa, Ratesetter and Funding Circle. In U.K Zopa pioneered the P2P lending and closed USD 25 million earlier this year.
Silicon Valley and Bangalore based Inksedge, an e-commerce and design services company, closed a USD 1.5 million seed round, led by New Enterprise Associates (NEA). The other investors included Pinnacle Ventures, Anand Rajaraman’s Milliways Ventures and angel investors including Nickhil Jakatdar, Gokul Rajaram, Mark Perry, and Anil Kamath.
The raised funds will be used for marketing, fulfillment infrastructure and to launch new products including a wedding paper collection in 2015. Launched in October 2014 with Diwali and birth announcement collections, the company has since expanded to holiday cards and invitations.