About Ideal Finance
Ideal Finance is a company based in Colombo (Sri Lanka) founded in 2012 was acquired by Mahindra Finance in August 2019.. Ideal Finance operates in a competitive market with competitors including GE Capital, People's Leasing & Finance PLC, Commercial Credit and Finance, Alliance Finance and Softlogic Finance, among others.
- Headquarter Colombo, Sri Lanka
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Mahindra Finance
(Aug 20, 2019)
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Funding Insights of Ideal Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Ideal Finance
Ideal Finance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Mahindra 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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Consumer and SME loans are provided by Mahindra Finance.
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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 Ideal Finance
| 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 - Ideal Finance
| 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 |
Ideal Finance Comparisons
Competitors of Ideal Finance
Ideal Finance 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 GE Capital, People's Leasing & Finance PLC, Commercial Credit and Finance, Alliance Finance and Softlogic Finance, 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 |
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| domain | founded_year | HQ Location |
Commercial aircraft and equipment leasing and lending services are provided.
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| domain | founded_year | HQ Location |
Motor vehicles financing firm
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| domain | founded_year | HQ Location |
Diversified NBFI
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| domain | founded_year | HQ Location |
Provider of personal, gold, equipment, and other loan services
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| domain | founded_year | HQ Location |
Diversified non-banking financial services are provided in Sri Lanka.
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Provides financial solutions including leasing, loans, and savings for customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Ideal Finance
Frequently Asked Questions about Ideal Finance
When was Ideal Finance founded?
Ideal Finance was founded in 2012.
Where is Ideal Finance located?
Ideal Finance is headquartered in Colombo, Sri Lanka. It is registered at Colombo, Western Province, Sri Lanka.
Who is the current CEO of Ideal Finance?
Duminda Weerasekare is the current CEO of Ideal Finance.
What does Ideal Finance do?
Ideal Finance was established in 2012 and is headquartered in Colombo, Sri Lanka. Operations are focused on the financial services sector, where consumer loans and loans for small and medium enterprises are extended. Services are delivered primarily within the local market, supporting credit needs for individuals and businesses through structured lending programs. The company is led by CEO Duminda Weerasekare.
Who are the top competitors of Ideal Finance?
Ideal Finance's top competitors include GE Capital, People's Leasing & Finance PLC and KJMC Finserv Group.
Who are Ideal Finance's investors?
Ideal Finance has 1 investor. Key investors include Mahindra Finance.
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