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
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Small Industries Development Bank Of India
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.56 M (USD)15.28as on Mar 31, 2024
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Net Profit
$535.65 K (USD)3.48as on Mar 31, 2024
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EBITDA
$256.12 K (USD)-40.66as on Mar 31, 2024
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Total Equity Funding
$24.5 M (USD)
in 2 rounds
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Latest Funding Round
$24.5 M (USD), Series C
Mar 13, 2024
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Investors
European Union
& 1 more
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Employee Count
13
as on Oct 22, 2024
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Products & Services of SIDBI
SIDBI offers a comprehensive portfolio of products and services, including MSME Loans, PRAYAAS, TReDS Platform, and Green Finance Loan.
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.
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.
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Environmental infrastructure investments are managed by the fund.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Investor details for SIDBI
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Investments & Acquisitions by SIDBI
Investment portfolio details for SIDBI
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Financial Statements - SIDBI
Detailed financials for SIDBI
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- Profit trends
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Sidbi Comparisons
Peer comparison for SIDBI
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Consumer and SME loans are provided by Manappuram Finance.
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Online gold, home, personal, and business loans are provided.
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Diversified lending services are provided as a non-banking financial institution.
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Financial solutions including loans and insurance are offered.
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Household and business loans are provided with risk management support.
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Collateral-free loans are provided to MSMEs for business operations.
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Detailed competitors of SIDBI
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Latest news on Sidbi
Complete news archive for SIDBI
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Frequently Asked Questions about SIDBI
SIDBI was founded in 1990 and raised its 1st funding round 28 years after it was founded.
SIDBI is headquartered in Lucknow, India. It is registered at Lucknow, Uttar Pradesh, India.
SIDBI is a funded company, having raised a total of $24.5M across 2 funding rounds to date.
As of Oct 22, 2024, the latest employee count at SIDBI is 13.
Annual revenue of SIDBI is $1.56M as on Mar 31, 2024.
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.
SIDBI's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
SIDBI offers MSME Loans, PRAYAAS, TReDS Platform, and Green Finance Loan.
SIDBI has 2 investors. Key investors include European Union, and Green Climate Fund.