About Arohan
Arohan is a company based in Kolkata (India) founded in 2006 by Vineet Rai was acquired by IntelleCash in September 2012. Arohan has raised $190.2 million across 15 funding rounds from investors including Northern Arc Capital, UTI Mutual Fund and Hinduja Leyland Finance. The company has 10,203 employees as of March 29, 2024. Arohan offers products and services including Saral Micro Enterprise Loan, Cross-Sell Products, and Secondary Products. Arohan operates in a competitive market with competitors including ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others.
- Headquarter Kolkata, India
- Employees 10203 as on 29 Mar, 2024
- Founders Vineet Rai
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Arohan Financial Services Limited
- Date of Incorporation 27 Sep, 1991
- Jurisdiction Kolkata, West Bengal, India
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Annual Revenue
$88.91 M (USD)94.07as on Mar 31, 2019
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Net Profit
$15.7 M (USD)277.79as on Mar 31, 2019
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EBITDA
$57.5 M (USD)143.26as on Mar 31, 2019
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Total Equity Funding
$190.2 M (USD)
in 15 rounds
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Latest Funding Round
$24 M (USD), Series C
Jul 03, 2023
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Investors
Northern Arc Capital
& 37 more
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Employee Count
10203
as on Mar 29, 2024
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Acquired by
IntelleCash
(Sep 13, 2012)
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Products & Services of Arohan
Arohan offers a comprehensive portfolio of products and services, including Saral Micro Enterprise Loan, Cross-Sell Products, and Secondary Products.
Provides funding for small businesses to support growth and operations.
Offers additional financial services alongside core loans.
Supports borrowers with supplementary financial options.
People of Arohan
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Funding Insights of Arohan
Arohan has successfully raised a total of $190.2M across 15 strategic funding rounds. The most recent funding activity was a Series C round of $24 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 15
- Last Round Series C — $24.0M
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First Round
First Round
(05 Jul 2008)
- Investors Count 38
Investors in Arohan
Arohan has secured backing from 38 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Northern Arc Capital, UTI Mutual Fund and Hinduja Leyland Finance.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investment firm
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Founded Year | Domain | Location | |
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location |
Investments & Acquisitions by Arohan
Financial Statements - Arohan
Arohan Comparisons
Competitors of Arohan
Arohan operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Microfinance banking services are offered in India by ESAF.
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| domain | founded_year | HQ Location |
Micro loans for businesses are offered by this NBFC.
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| domain | founded_year | HQ Location |
Micro-finance bank
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| domain | founded_year | HQ Location |
Provider of micro-credit & insurance for low income income individuals and women
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| domain | founded_year | HQ Location |
Microcredit services are provided to rural women for financial inclusion.
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| domain | founded_year | HQ Location |
Micro-credit financing is provided to low-income individuals and businesses.
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Frequently Asked Questions about Arohan
Arohan was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Arohan is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Arohan is a funded company, having raised a total of $190.2M across 15 funding rounds to date. The company's 1st funding round was a Series C of $23.02M, raised on Jul 05, 2008.
As of Mar 29, 2024, the latest employee count at Arohan is 10,203.
Annual revenue of Arohan is $88.91M as on Mar 31, 2019.
Founded in 2006 and based in Kolkata, India, Arohan operates as a non-banking financial company in the microfinance sector. Credit products such as micro-loans, micro-insurance, and digital lending solutions are offered to support low-income clients and small businesses. Additional services include life and general insurance, alongside non-financial products, with operations focused on underserved markets across India.
Arohan's top competitors include ESAF, Satin Creditcare and Bharat Financial Inclusion.
Arohan offers Saral Micro Enterprise Loan, Cross-Sell Products, and Secondary Products.
Arohan has 38 investors. Key investors include Northern Arc Capital, UTI Mutual Fund, Hinduja Leyland Finance, Mahindra, and Nuveen.
The valuation of Arohan is $343.65M as of Feb 2021.