Mumbai, Oct 6 (PTI) Vartis Platforms, the parent entity of LenDenClub and InstaMoney, targets a Rs 1,000 crore revenue and global expansion over the next two years, a top official said on Monday.
Vartis Platforms has officially been announced as the unified brand for LenDenClub, an RBI-licensed P2P lending platform; InstaMoney, a leading loan service provider, and Vartis One, the group's technology services arm.
The group aims to achieve Rs 1,000 crore in consolidated revenue by FY28, building on FY25 revenues of Rs 236 crore with an EBITDA of Rs 50 crore and a PAT of Rs 34 crore, underscoring the financial strength behind this evolution, Bhavin Patel, co-founder of Vartis Platforms, said.
The group also plans to expand its workforce from currently around 300 people to 500-700 people ov