LenDenClub Parent Vartis Platforms Launches UdhaarSaathi For Small Business Loans

Vartis Platforms, the parent company of peer-to-peer lending startup LenDenClub, has introduced UdhaarSaathi, a digital loan marketplace designed specifically for small businesses. This expansion of Vartis' lending service provider portfolio aims to serve kirana stores, pharmacies, street vendors, and other small retailers by offering collateral-free business loans.

These loans range from ₹15,000 to ₹2.5 Lakh, with an average ticket size of around ₹1 Lakh. Vartis anticipates disbursement of ₹1,000 Cr through UdhaarSaathi by the end of FY27. The platform's launch aligns with Vartis' internal preparations for a potential IPO, which may involve an offer for sale (OFS) rather than a listing within the next 12-18 months.

The company plans to strengthen governance across its platforms during this preparation period. UdhaarSaathi utilizes merchants' banking and business transaction data to assess credit, operating as an LSP and loan marketplace that connects businesses to multiple NBFCs. Vartis does not assume credit risk on loans facilitated through the platform.

The first version of UdhaarSaathi was launched in February, followed by the final version a few months later. West India currently accounts for the largest customer share, followed by the South, East, and North. Vartis expects to share a detailed regional breakdown by December. UdhaarSaathi is Vartis' second LSP platform, following InstaMoney, which launched in 2017 and primarily serves individuals seeking small-ticket emergency loans.

Vartis earns fees when repayments are processed through either platform. Founded in 2015 by Bhavin Patel and Dipesh Karki, Vartis also operates lending technology platform Vartis One. Vartis' financial performance shows a notable rise, with net profit increasing by 183% to ₹96.2 Cr in FY26 from ₹34 Cr in FY25, and operating revenue growing by 43% to ₹338 Cr from ₹236.4 Cr in FY25.