About Basix
Basix is a company based in Hyderabad (India) founded in 1996 by Savita Mahajan. Basix has raised $36.5 million across 3 funding rounds from investors including SIDBI, Triodos Bank and Lok Capital. The company has 78 employees as of April 09, 2024. Basix offers products and services including Inclusive Financial Services, Agricultural Development Services, and Skill Building Services. Basix operates in a competitive market with competitors including Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Suryoday and Fincare Small Finance Bank, among others.
- Headquarter Hyderabad, India
- Employees 78 as on 09 Apr, 2024
- Founders Savita Mahajan
- 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 Bhartiya Samruddhi Investments And Consulting Services Limited
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$2.68 M (USD)51.27as on Mar 31, 2023
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Net Profit
$619.5 K (USD)4562.43as on Mar 31, 2023
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EBITDA
$573.24 K (USD)80.44as on Mar 31, 2023
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Total Equity Funding
$36.5 M (USD)
in 3 rounds
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Latest Funding Round
$26.5 M (USD), Series C
Mar 31, 2010
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Investors
SIDBI
& 5 more
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Employee Count
78
as on Apr 09, 2024
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Products & Services of Basix
Basix offers a comprehensive portfolio of products and services, including Inclusive Financial Services, Agricultural Development Services, and Skill Building Services.
Offers microfinance and banking for rural poor households.
Provides technical assistance for farming and rural enterprises.
Delivers consulting and skill enhancement for employability.
People of Basix
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Funding Insights of Basix
Basix has successfully raised a total of $36.5M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $26.5 million completed in March 2010. 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.
Investors in Basix
Basix has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include SIDBI, Triodos Bank and Lok Capital.
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Investment firm focusing on tech-enabled enterprises in social and environmental sectors.
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Investor details for Basix
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Investments & Acquisitions by Basix
Investment portfolio details for Basix
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Financial Statements - Basix
Detailed financials for Basix
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Basix Comparisons
Peer comparison for Basix
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Competitors of Basix
Basix 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 Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Suryoday and Fincare Small Finance Bank, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Small finance services are extended to underserved segments in India.
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Microfinance bank
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Collateralised loans for commercial vehicles are extended to rural entrepreneurs.
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Small finance bank offering savings accounts, deposits, and loan products
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Micro-finance bank
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Small finance bank
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Detailed competitors of Basix
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Latest news on Basix
Complete news archive for Basix
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Frequently Asked Questions about Basix
Basix was founded in 1996 and raised its 1st funding round 8 years after it was founded.
Basix is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Basix is a funded company, having raised a total of $36.5M across 3 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Basix is 78.
Annual revenue of Basix is $2.68M as on Mar 31, 2023.
Basix was founded in 1996 in Hyderabad, India, as a provider of financial, business, and institutional development services. Livelihood promotion is offered to low-income rural households through micro-credit, micro-insurance, and technical assistance in agriculture, livestock, enterprise, and institutional areas. Operations focus on rural regions, with emphasis on women to support savings practices, livelihood transactions, and credit access.
Basix's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and ESAF.
Basix offers Inclusive Financial Services, Agricultural Development Services, and Skill Building Services.
Basix has 6 investors. Key investors include SIDBI, Triodos Bank, Lok Capital, Z47, and Aavishkaar Capital.
The valuation of Basix is $114.19M as of Mar 2010.