About Light
Light is a company based in Ahmedabad (India) founded in 2009 by Deepak Amin, Aviral Saini, and Rakesh Kumar. It operates as a FinTech. Light has raised $24.6 million across 2 funding rounds from investors including Abler Nordic, British International Investment and Nordic Microfinance Initiative. The company has 3,637 employees as of April 06, 2024. Light offers products and services including Technology Driven Loans and MSE Growth Financing. Light operates in a competitive market with competitors including Manappuram Finance, L & T Finance Holdings, IIFL Finance, Hero Fincorp and Bajaj Finserv, among others.
- Headquarter Ahmedabad, India
- Employees 3637 as on 06 Apr, 2024
- Founders Deepak Amin, Aviral Saini, Rakesh Kumar
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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 Light Microfinance Private Limited
- Jurisdiction Delhi, India
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Annual Revenue
$20.14 M (USD)44.82as on Mar 31, 2022
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Net Profit
$656.4 K (USD)-57.37as on Mar 31, 2022
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EBITDA
$10.28 M (USD)31.29as on Mar 31, 2022
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Total Equity Funding
$24.6 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Abler Nordic
& 4 more
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Employee Count
3637
as on Apr 06, 2024
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Products & Services of Light
Light offers a comprehensive portfolio of products and services, including Technology Driven Loans and MSE Growth Financing.
Loans are provided using advanced technological solutions.
Financing is offered to energize MSE growth.
Funding Insights of Light
Light has successfully raised a total of $24.6M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(22 Sep 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Seed - Light | Valuation |
investors |
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| Sep, 2022 | Amount | Series B - Light | Valuation | British International Investment |
Investors in Light
Light has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Abler Nordic, British International Investment and Nordic Microfinance Initiative.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investing in financial institutions for inclusion in Africa and Asia.
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Founded Year | Domain | Location | |
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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location | |
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Investment management services and private equity funds are offered.
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Founded Year | Domain | Location |
Investments & Acquisitions by Light
Financial Statements - Light
Light Comparisons
Competitors of Light
Light 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 Manappuram Finance, L & T Finance Holdings, IIFL Finance, Hero Fincorp and Bajaj Finserv, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer and SME loans are provided by Manappuram Finance.
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| domain | founded_year | HQ Location |
Diversified lending services are provided as a non-banking financial institution.
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| domain | founded_year | HQ Location |
Online gold, home, personal, and business loans are provided.
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| domain | founded_year | HQ Location |
2-wheeler loans and consumer/business financing are provided by Hero Fincorp.
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| domain | founded_year | HQ Location |
Financial solutions including loans and insurance are offered.
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| domain | founded_year | HQ Location |
Household and business loans are provided with risk management support.
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Frequently Asked Questions about Light
Light was founded in 2009 and raised its 1st funding round 13 years after it was founded.
Light is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Rakesh Kumar is the current CEO of Light. They have also founded this company.
Light is a funded company, having raised a total of $24.6M across 2 funding rounds to date. The company's 1st funding round was a Series B of $24.6M, raised on Sep 22, 2022.
As of Apr 06, 2024, the latest employee count at Light is 3,637.
Annual revenue of Light is $20.14M as on Mar 31, 2022.
Light Microfinance Private Limited is established as a non-banking finance company in India, focusing on providing transparent and accessible financial solutions. Operations are centered in rural and semi-urban areas across multiple states. Technology-driven approaches are utilized, including proprietary IP and algorithms, alongside multi-cloud solutions. Services are extended to micro and small enterprises, aiming to empower growth and enrich lives. Community initiatives, such as free eye check-up camps, are also organized to support holistic development.
Light's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
Light offers Technology Driven Loans and MSE Growth Financing.
Light has 5 investors. Key investors include Abler Nordic, British International Investment, Nordic Microfinance Initiative, Triple Jump, and Incofin Investment Management.