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
*********
- 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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Seed — $397,918
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First Round
First Round
(30 Jul 2008)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2015 | Amount | Seed - Samasta Micro Finance | Valuation | SIDBI |
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| Apr, 2010 | Amount | Angel Round - Samasta Micro Finance | Valuation | B H Krishnamurthy , Sanjay Shenoy |
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| Dec, 2009 | Amount | Seed - Samasta Micro Finance | Valuation | Kalpathi Investments |
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| 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 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. 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 services focused on innovation-driven industries and markets influenced by globalization.
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Founded Year | Domain | Location | |
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Financial support is extended to micro, small, and medium enterprises.
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Founded Year | Domain | Location | |
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Online gold, home, personal, and business loans are provided.
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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 Samasta Micro 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 - Samasta Micro 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 |
Samasta Micro Finance Comparisons
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. 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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Frequently Asked Questions about Samasta Micro Finance
When was Samasta Micro Finance founded?
Samasta Micro Finance was founded in 2008.
Where is Samasta Micro Finance located?
Samasta Micro Finance is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Samasta Micro Finance a funded company?
Samasta Micro Finance is a funded company, having raised a total of $1.92M across 5 funding rounds to date. The company's 1st funding round was a Seed of $384.22K, raised on Jul 30, 2008.
How many employees does Samasta Micro Finance have?
As of Apr 05, 2024, the latest employee count at Samasta Micro Finance is 16,469.
What is the annual revenue of Samasta Micro Finance?
Annual revenue of Samasta Micro Finance is $13.9M as on Mar 31, 2018.
What does Samasta Micro Finance do?
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.
Who are the top competitors of Samasta Micro Finance?
Samasta Micro Finance's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and ESAF.
Who are Samasta Micro Finance's investors?
Samasta Micro Finance has 12 investors. Key investors include IIFL Finance, SIDBI, Kalpathi Investments, B H Krishnamurthy, and Sanjay Shenoy.
What is Samasta Micro Finance's valuation?
The valuation of Samasta Micro Finance is $3.64M as of Apr 2010.
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