Sindhuja Microcredit Raises $8.7 Million In Series B Round
Money & Banking
Sindhuja Microcredit, a rural-focussed micro finance institution, has raised $8.7 million from Norway-based Nordic Microfinance Initiative (NMI) and Carpediem Capital in Series B round.
The company, in its two years of operations, has provided microloans to over 84,000 self-employed women micro-entrepreneurs across five states in northern part of the country. It currently operates 56 branches with over ₹170 crore of assets under uanagement, the company said in a statement.
“Our customers, self-employed rural women, are the most vulnerable in the Covid–19 world with their livelihoods under direct threat, this funding will be used to scale our operations and provide much-needed financing to these women micro-entrepreneurs,” Sindhuja Microcredit promoter of Abhisheka Kumar, said.
Vidura Capital was the exclusive financial advisor for the transaction.
Vertices Partners was the legal counsel for Sindhuja Microcredit & Antares Legal for the investors.
In March 2019, the firm had closed Series A round of $4 million from Carpediem Capital.
Published on
May 11, 2020
Sindhuja Microcredit, a rural-focussed micro finance institution, has raised $8.7 million from Norway-based Nordic Microfinance Initiative (NMI) and Carpediem Capital in Series B round.
The company, in its two years of operations, has provided microloans to over 84,000 self-employed women micro-entrepreneurs across five states in northern part of the country. It currently operates 56 branches with over ₹170 crore of assets under uanagement, the company said in a statement.
“Our customers, self-employed rural women, are the most vulnerable in the Covid–19 world with their livelihoods under direct threat, this funding will be used to scale our operations and provide much-needed financing to these women micro-entrepreneurs,” Sindhuja Microcredit promoter of Abhisheka Kumar, said.
Vidura Capital was the exclusive financial advisor for the transaction.
Vertices Partners was the legal counsel for Sindhuja Microcredit & Antares Legal for the investors.
In March 2019, the firm had closed Series A round of $4 million from Carpediem Capital.
Published on
USAA Delivers Advice, Financial Assistance As Government Shutdown Continues
FOR THE LATEST DATA ON USAA SHUTDOWN RELIEF, VISIT USAA STORIES: LINK Read more
UPDATE: USAA Delivers $150 Million In Loans Within 48 Hours To Serve Members Impacted By Government Shutdown
FOR THE MOST UP-TO-DATE DATA ON USAA SHUTDOWN ACTIVITY, VISIT USAA STORIES: LINK Read more
USAA Names Rob Arena President Of Life Insurance Company
Sep 30 2025 SAN ANTONIO – September 30, 2025 – USAA has appointed Rob Arena as Preside... Read more
USAA Prepares Financial Assistance To Serve Members Impacted By Potential Government Shutdown
No-interest loan and payment relief options among the benefits that eligible members can access Read more
USAA, NFL Extend Long-standing Partnership
USAA to continue providing exceptional Salute to Service NFL experiences to the military community Read more
Nearly Half Of Gen Z Doesnt Know What Affects Their Credit Score, According To New USAA Report
Study Reveals Gaps in Young Adults’ Credit Knowledge and Optimism for Financial Growth Read more