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
*********
- 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. 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.
Offers microfinance and banking for rural poor households.
Provides technical assistance for farming and rural enterprises.
Delivers consulting and skill enhancement for employability.
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $26.5M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2010 | Amount | Series C - Basix | Valuation | Z47 | |
| Mar, 2009 | Amount | Series B - Basix | Valuation | SIDBI | |
| Sep, 2004 | Amount | Series B - Basix | Valuation |
investors |
| 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 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. 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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Investment firm focusing on tech-enabled enterprises in social and environmental sectors.
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Founded Year | Domain | Location | |
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Venture capital investment firm
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Founded Year | Domain | Location | |
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Venture capital firm
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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 Basix
| 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 - Basix
| 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 |
Basix Comparisons
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. 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 |
Small finance services are extended to underserved segments in India.
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| domain | founded_year | HQ Location |
Microfinance bank
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| domain | founded_year | HQ Location |
Collateralised loans for commercial vehicles are extended to rural entrepreneurs.
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| domain | founded_year | HQ Location |
Small finance bank offering savings accounts, deposits, and loan products
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| domain | founded_year | HQ Location |
Micro-finance bank
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| domain | founded_year | HQ Location |
Small finance bank
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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 Basix
Frequently Asked Questions about Basix
When was Basix founded?
Basix was founded in 1996 and raised its 1st funding round 8 years after it was founded.
Where is Basix located?
Basix is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Basix a funded company?
Basix is a funded company, having raised a total of $36.5M across 3 funding rounds to date.
How many employees does Basix have?
As of Apr 09, 2024, the latest employee count at Basix is 78.
What is the annual revenue of Basix?
Annual revenue of Basix is $2.68M as on Mar 31, 2023.
What does Basix do?
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.
Who are the top competitors of Basix?
Basix's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and ESAF.
What products or services does Basix offer?
Basix offers Inclusive Financial Services, Agricultural Development Services, and Skill Building Services.
Who are Basix's investors?
Basix has 6 investors. Key investors include SIDBI, Triodos Bank, Lok Capital, Z47, and Aavishkaar Capital.
What is Basix's valuation?
The valuation of Basix is $114.19M as of Mar 2010.
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