VCCircle

Apnaloan.com, the online lead generation company for personal finance products, is said to be in talks with venture capital investors for raising $15 million. The Economic Times reports that the company - which is rechristened as ALC India - is talking to funds like ChrysCapital, Intel Capital and Sequoia Capital India. Sequoia had early this year funded the company with $2.2 million (which was sort of management buyout alongwith the company CEO Harsh Vardhan Roongta). Apnaloan plans to use fresh funds for technology innovation and marketing.
Apnaloan.com was founded in 2000 with investment from Rediff.com, and others like ING Vysya Bank, SIDBI Venture, Jumpstartup Venture Fund, FMO and Edelweiss Capital. Some of them is believed to have exited already. Besides Apnaloan, there are companies like LoanRaja.com (launched by Helion and DFJ-funded Komli), Deal4Loans.com (non-VC funded) and LoanWala.com (Yahoo and Canaan-funded BharatMatrimony) in this space.