About Chaitanya India Fin Credit
Chaitanya India Fin Credit is a company based in Bengaluru (India) founded in 2004 by Prema Rao, Samitshankar Shetty, U Raghurama Rao, Shashikala Rao, and Vanitha Rao was acquired by Svatantra Microfinance in August 2023.. Chaitanya India Fin Credit has raised $13.09 million across 8 funding rounds from investors including Navi, Svatantra Microfinance and Sachin Bansal. The company has 7,596 employees as of April 03, 2024. Chaitanya India Fin Credit offers products and services including Group Lending and Retail Loans. Chaitanya India Fin Credit operates in a competitive market with competitors including Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Utkarsh Bank and ESAF, among others.
- Headquarter Bengaluru, India
- Employees 7596 as on 03 Apr, 2024
- Founders Prema Rao, Samitshankar Shetty, U Raghurama Rao, Shashikala Rao, Vanitha Rao
- 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 Chaitanya India Fin Credit Private Limited
- Date of Incorporation 31 Mar, 2009
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$10.96 M (USD)16.35as on Mar 31, 2018
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Net Profit
$-1.15 M (USD)-753.12as on Mar 31, 2018
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EBITDA
$3.62 M (USD)-25.15as on Mar 31, 2018
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Total Equity Funding
$13.09 M (USD)
in 8 rounds
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Latest Funding Round
$3.62 M (USD), Debt – Conventional
Jul 24, 2019
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Investors
Navi
& 93 more
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Employee Count
7596
as on Apr 03, 2024
- Acquired by
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Products & Services of Chaitanya India Fin Credit
Chaitanya India Fin Credit offers a comprehensive portfolio of products and services, including Group Lending and Retail Loans. 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 loans to groups for working capital and needs.
Offers loans for business expansion and machinery purchase.
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Funding Insights of Chaitanya India Fin Credit
Chaitanya India Fin Credit has successfully raised a total of $13.09M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $3.62 million completed in July 2019. 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 8
- Last Round Debt – Conventional — $3.6M
- First Round First Round
- Investors Count 92
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Debt – Conventional - Chaitanya India Fin Credit | Valuation |
investors |
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| Aug, 2017 | Amount | Debt – Conventional - Chaitanya India Fin Credit | Valuation |
investors |
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| Jul, 2016 | Amount | Series C - Chaitanya India Fin Credit | Valuation | Equator Capital Partners |
| 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 Chaitanya India Fin Credit
Chaitanya India Fin Credit has secured backing from 94 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Navi, Svatantra Microfinance and Sachin Bansal. 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 investments are directed toward Asia and Africa.
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Founded Year | Domain | Location | |
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Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
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Growth-oriented startups are funded by S3IDF venture capital fund.
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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 Chaitanya India Fin Credit
| 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 - Chaitanya India Fin Credit
| 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 |
Chaitanya India Fin Credit Comparisons
Competitors of Chaitanya India Fin Credit
Chaitanya India Fin Credit 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, Utkarsh Bank and ESAF, 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
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| domain | founded_year | HQ Location |
Microfinance banking services are offered in India by ESAF.
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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 Chaitanya India Fin Credit
Frequently Asked Questions about Chaitanya India Fin Credit
When was Chaitanya India Fin Credit founded?
Chaitanya India Fin Credit was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Where is Chaitanya India Fin Credit located?
Chaitanya India Fin Credit is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Chaitanya India Fin Credit?
Sachin Bansal is the current CEO of Chaitanya India Fin Credit.
Is Chaitanya India Fin Credit a funded company?
Chaitanya India Fin Credit is a funded company, having raised a total of $13.09M across 8 funding rounds to date. The company's 1st funding round was a Series C of $7M, raised on Jun 01, 2007.
How many employees does Chaitanya India Fin Credit have?
As of Apr 03, 2024, the latest employee count at Chaitanya India Fin Credit is 7,596.
What is the annual revenue of Chaitanya India Fin Credit?
Annual revenue of Chaitanya India Fin Credit is $10.96M as on Mar 31, 2018.
What does Chaitanya India Fin Credit do?
Chaitanya India Fin Credit was founded in 2004 in Bengaluru, India, as a provider of micro-credit financing. Services are extended to low-income individuals and businesses in rural and urban areas, with programs focused on agriculture, livelihood activities, women empowerment, natural resource management, skill development, nutrition, vocational training, informal and formal education, and medical assistance. Operations are supported through partnerships like NABFINS.
Who are the top competitors of Chaitanya India Fin Credit?
Chaitanya India Fin Credit's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and ESAF.
What products or services does Chaitanya India Fin Credit offer?
Chaitanya India Fin Credit offers Group Lending and Retail Loans.
Who are Chaitanya India Fin Credit's investors?
Chaitanya India Fin Credit has 94 investors. Key investors include Navi, Svatantra Microfinance, Sachin Bansal, Equator Capital Partners, and Shekhar Anantharaman.
What is Chaitanya India Fin Credit's valuation?
The valuation of Chaitanya India Fin Credit is $9.62M as of Jul 2016.
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