About Samhita Development Network
Samhita Development Network is a company based in Bhopal (India) founded in 2007 by Balachander Krishnamurthy and Praseeda Kunam.. The company has 234 employees as of April 06, 2024. Samhita Development Network offers products and services including Micro Credit and Financial Literacy.
- Headquarter Bhopal, India
- Employees 234 as on 06 Apr, 2024
- Founders Balachander Krishnamurthy, Praseeda Kunam
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Sectors
Government & Social Sector
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Samhita Community Development Services
- Date of Incorporation 28 Sep, 2007
- Jurisdiction Bhopal, Madhya Pradesh, India
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Annual Revenue
$1.67 M (USD)-8.95as on Mar 31, 2023
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Net Profit
$33.87 K (USD)34.27as on Mar 31, 2023
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EBITDA
$235.53 K (USD)-6.52as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
234
as on Apr 06, 2024
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Products & Services of Samhita Development Network
Samhita Development Network offers a comprehensive portfolio of products and services, including Micro Credit and Financial Literacy. 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.
Small loans are offered to support microenterprises in disadvantaged communities.
Education on budgeting and savings is provided to enhance financial management in poor communities.
Funding Insights of Samhita Development Network
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2008 | Amount | Seed - Samhita Development Network | Valuation |
investors |
| 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 Samhita Development Network
Samhita Development Network has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Unitus. 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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Venture capital is directed toward social impact investments.
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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 Samhita Development Network
| 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 - Samhita Development Network
| 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 |
Samhita Development Network Comparisons
Competitors of Samhita Development Network
| 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 Samhita Development Network
When was Samhita Development Network founded?
Samhita Development Network was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Where is Samhita Development Network located?
Samhita Development Network is headquartered in Bhopal, India. It is registered at Bhopal, Madhya Pradesh, India.
Who is the current CEO of Samhita Development Network?
Praseeda Kunam is the current CEO of Samhita Development Network. They have also founded this company.
How many employees does Samhita Development Network have?
As of Apr 06, 2024, the latest employee count at Samhita Development Network is 234.
What is the annual revenue of Samhita Development Network?
Annual revenue of Samhita Development Network is $1.67M as on Mar 31, 2023.
What does Samhita Development Network do?
Samhita Development Network was established in 2007 in Bhopal, India, as a foundation dedicated to social development. Emphasis is placed on building and strengthening community networks within the non-profit sector. Operations involve facilitating connections and resources for social initiatives. Geographic activities are centered in India, with co-founders leading efforts in community-focused programs.
What products or services does Samhita Development Network offer?
Samhita Development Network offers Micro Credit and Financial Literacy.
Who are Samhita Development Network's investors?
Samhita Development Network has 1 investor. Key investors include Unitus.