About Samasta Micro Finance
Samasta Micro Finance is a company based in Bengaluru (India) founded in 2008 by G Prema Narayanaswamy and V A Narayanaswamy was acquired by IIFL Finance in November 2016. Samasta Micro Finance has raised $1.92 million across 5 funding rounds from investors including IIFL Finance, SIDBI and Kalpathi Investments. The company has 16,469 employees as of April 05, 2024. Samasta Micro Finance 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 Bengaluru, India
- Employees 16469 as on 05 Apr, 2024
- Founders G Prema Narayanaswamy, V A Narayanaswamy
- 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 Iifl Samasta Finance Limited
- Date of Incorporation 09 Aug, 1995
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$13.9 M (USD)194.67as on Mar 31, 2018
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Net Profit
$370.94 K (USD)219.28as on Mar 31, 2018
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EBITDA
$5.34 M (USD)146.29as on Mar 31, 2018
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Total Equity Funding
$1.92 M (USD)
in 5 rounds
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Latest Funding Round
$397.92 K (USD), Seed
Mar 12, 2015
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Investors
IIFL Finance
& 11 more
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Employee Count
16469
as on Apr 05, 2024
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Acquired by
IIFL Finance
(Nov 17, 2016)
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Funding Insights of Samasta Micro Finance
Samasta Micro Finance has successfully raised a total of $1.92M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $397.92 thousand completed in March 2015. 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 Samasta Micro Finance
Samasta Micro Finance has secured backing from 12 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include IIFL Finance, SIDBI and Kalpathi Investments.
| Investor | Description | Founded Year | Domain | Location |
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Investment services focused on innovation-driven industries and markets influenced by globalization.
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Financial support is extended to micro, small, and medium enterprises.
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Online gold, home, personal, and business loans are provided.
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Investor details for Samasta Micro Finance
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Investments & Acquisitions by Samasta Micro Finance
Investment portfolio details for Samasta Micro Finance
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Financial Statements - Samasta Micro Finance
Detailed financials for Samasta Micro Finance
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Samasta Micro Finance Comparisons
Peer comparison for Samasta Micro Finance
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Competitors of Samasta Micro Finance
Samasta Micro 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 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 Samasta Micro Finance
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Latest news on Samasta Micro Finance
Complete news archive for Samasta Micro Finance
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Frequently Asked Questions about Samasta Micro Finance
Samasta Micro Finance was founded in 2008.
Samasta Micro Finance is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Samasta Micro Finance is a funded company, having raised a total of $1.92M across 5 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Samasta Micro Finance is 16,469.
Annual revenue of Samasta Micro Finance is $13.9M as on Mar 31, 2018.
Samasta Micro Finance was founded in 2008 and is headquartered in Bengaluru, India. The company operates in the microfinance sector, where small loans are extended to low-income individuals and groups in rural areas of Karnataka and Tamil Nadu. Leadership includes co-founders G Prema Narayanaswamy and V A Narayanaswamy, supported by Executive Director Shivaprakash Deviah. Focus remains on financial access for underserved populations through established branch networks.
Samasta Micro Finance's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and ESAF.
Samasta Micro Finance has 12 investors. Key investors include IIFL Finance, SIDBI, Kalpathi Investments, B H Krishnamurthy, and Sanjay Shenoy.
The valuation of Samasta Micro Finance is $3.64M as of Apr 2010.