About SIDBI
SIDBI is a company based in Lucknow (India) founded in 1990. It operates as a Professional Services, and FinTech. SIDBI has raised $24.5 million across 2 funding rounds from investors including European Union and Green Climate Fund. The company has 13 employees as of October 22, 2024. SIDBI offers products and services including MSME Loans, PRAYAAS, TReDS Platform, and Green Finance Loan. SIDBI operates in a competitive market with competitors including Manappuram Finance, IIFL Finance, L & T Finance Holdings, Bajaj Finserv and Northern Arc Capital, among others.
- Headquarter Lucknow, India
- Employees 13 as on 22 Oct, 2024
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Small Industries Development Bank Of India
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$1.56 M (USD)15.28as on Mar 31, 2024
-
Net Profit
$535.65 K (USD)3.48as on Mar 31, 2024
-
EBITDA
$256.12 K (USD)-40.66as on Mar 31, 2024
-
Total Equity Funding
$24.5 M (USD)
in 2 rounds
-
Latest Funding Round
$24.5 M (USD), Series C
Mar 13, 2024
-
Investors
European Union
& 1 more
-
Employee Count
13
as on Oct 22, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of SIDBI
SIDBI offers a comprehensive portfolio of products and services, including MSME Loans, PRAYAAS, TReDS Platform, and Green Finance Loan. 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.
Loans are provided to support MSME growth initiatives.
Financial assistance is offered for MSME development projects.
Invoice discounting is facilitated for MSME suppliers online.
Sustainable projects are funded with attractive interest rates.
Funding Insights of SIDBI
SIDBI has successfully raised a total of $24.5M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $24.5 million completed in March 2024. 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 Series C — $24.5M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series C - SIDBI | Valuation |
investors |
|
| Jan, 2018 | Amount | Grant - SIDBI | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SIDBI
SIDBI has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union and Green Climate Fund. 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 |
|---|---|---|---|---|
|
Environmental infrastructure investments are managed by the fund.
|
Founded Year | Domain | Location | |
|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by SIDBI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - SIDBI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sidbi Comparisons
Competitors of SIDBI
SIDBI 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, IIFL Finance, L & T Finance Holdings, Bajaj Finserv and Northern Arc Capital, 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 |
Consumer and SME loans are provided by Manappuram Finance.
|
|
| domain | founded_year | HQ Location |
Online gold, home, personal, and business loans are provided.
|
|
| domain | founded_year | HQ Location |
Diversified lending services are provided as a non-banking financial institution.
|
|
| domain | founded_year | HQ Location |
Financial solutions including loans and insurance are offered.
|
|
| domain | founded_year | HQ Location |
Household and business loans are provided with risk management support.
|
|
| domain | founded_year | HQ Location |
Collateral-free loans are provided to MSMEs for business operations.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Sidbi
Frequently Asked Questions about SIDBI
When was SIDBI founded?
SIDBI was founded in 1990 and raised its 1st funding round 28 years after it was founded.
Where is SIDBI located?
SIDBI is headquartered in Lucknow, India. It is registered at Lucknow, Uttar Pradesh, India.
Is SIDBI a funded company?
SIDBI is a funded company, having raised a total of $24.5M across 2 funding rounds to date.
How many employees does SIDBI have?
As of Oct 22, 2024, the latest employee count at SIDBI is 13.
What is the annual revenue of SIDBI?
Annual revenue of SIDBI is $1.56M as on Mar 31, 2024.
What does SIDBI do?
Financial assistance is extended to Micro, Small, and Medium Enterprises (MSMEs) by SIDBI across India. Various loan products, including MSME loans, machinery loans, project funding, working capital, and green finance, are offered. Support is also provided through digital platforms like TReDS for invoice discounting and GST Sahay for lending. SIDBI operates in the development banking sector, focusing on cluster development and sustainable growth. Initiatives are undertaken to empower MSME ecosystems through infrastructure development and industry associations. Customized solutions and quick sanctions are ensured to foster entrepreneurship and inclusive economic growth.
Who are the top competitors of SIDBI?
SIDBI's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
What products or services does SIDBI offer?
SIDBI offers MSME Loans, PRAYAAS, TReDS Platform, and Green Finance Loan.
Who are SIDBI's investors?
SIDBI has 2 investors. Key investors include European Union, and Green Climate Fund.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.