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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides funding for small businesses to support growth and operations.
Offers additional financial services alongside core loans.
Supports borrowers with supplementary financial options.
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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
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series C - Arohan | Valuation | IFU |
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| Nov, 2022 | Amount | Series C - Arohan | Valuation | FMO | |
| Feb, 2021 | Amount | Series C - Arohan | Valuation | ASK Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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 |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Arohan
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Arohan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| 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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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Arohan
Frequently Asked Questions about Arohan
When was Arohan founded?
Arohan was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Where is Arohan located?
Arohan is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Is Arohan a funded company?
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.
How many employees does Arohan have?
As of Mar 29, 2024, the latest employee count at Arohan is 10,203.
What is the annual revenue of Arohan?
Annual revenue of Arohan is $88.91M as on Mar 31, 2019.
What does Arohan do?
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.
Who are the top competitors of Arohan?
Arohan's top competitors include ESAF, Satin Creditcare and Bharat Financial Inclusion.
What products or services does Arohan offer?
Arohan offers Saral Micro Enterprise Loan, Cross-Sell Products, and Secondary Products.
Who are Arohan's investors?
Arohan has 38 investors. Key investors include Northern Arc Capital, UTI Mutual Fund, Hinduja Leyland Finance, Mahindra, and Nuveen.
What is Arohan's valuation?
The valuation of Arohan is $343.65M as of Feb 2021.