About SK Finance
SK Finance is a company based in Jaipur (India) founded in 1994 by Rajendra Kumar Setia.. SK Finance has raised $338.52 million across 12 funding rounds from investors including MIT, BlackSoil and Axis Mutual Fund. The company has 9,710 employees as of April 07, 2024. SK Finance offers products and services including Commercial Vehicle Loan, Car Loan, Tractor Loan, Construction Equipment Loan, and Two Wheeler Loan. SK Finance operates in a competitive market with competitors including Manappuram Finance, L & T Finance Holdings, Bajaj Finserv, IIFL Finance and Hero Fincorp, among others.
- Headquarter Jaipur, India
- Employees 9710 as on 07 Apr, 2024
- Founders Rajendra Kumar Setia
- Stage Soonicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sk Finance Limited
- Date of Incorporation 21 Nov, 1994
- Jurisdiction Jaipur, Rajasthan, India
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Annual Revenue
$51.12 M (USD)60.53as on Mar 31, 2019
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Net Profit
$7.32 M (USD)137.93as on Mar 31, 2019
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EBITDA
$28.68 M (USD)65.14as on Mar 31, 2019
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Total Equity Funding
$338.52 M (USD)
in 12 rounds
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Latest Funding Round
$159.73 M (USD), Series G
Sep 13, 2023
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Investors
MIT
& 42 more
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Employee Count
9710
as on Apr 07, 2024
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Products & Services of SK Finance
SK Finance offers a comprehensive portfolio of products and services, including Commercial Vehicle Loan, Car Loan, Tractor Loan, Construction Equipment Loan, and Two Wheeler 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.
Loan for financing commercial vehicles to support business operations.
Financing option for purchasing personal or business cars.
Loan to help farmers buy tractors for agricultural activities.
Funding for acquiring construction machinery and tools.
Loan for buying motorcycles or scooters for personal use.
Secured funding for business expansion and operations.
Loan for home improvements and renovations via mortgage.
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Funding Insights of SK Finance
SK Finance has successfully raised a total of $338.52M across 12 strategic funding rounds. The most recent funding activity was a Series G round of $159.73 million completed in September 2023. 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 12
- Last Round Series G — $159.7M
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First Round
First Round
(01 Dec 2008)
- Investors Count 43
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series G - SK Finance | Valuation | Duro Capital , Axisalternatives | |
| Dec, 2021 | Amount | Series F - SK Finance | Valuation | 360 One , IIFL Asset Management | |
| May, 2021 | Amount | Series E - SK Finance | Valuation | TPG |
| 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 SK Finance
SK Finance has secured backing from 43 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include MIT, BlackSoil and Axis Mutual 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 |
|---|---|---|---|---|
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Fund of funds focused on pre-seed and seed-stage companies
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Founded Year | Domain | Location | |
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Private equity fund focused on multiple sectors
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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 SK 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 - SK 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 |
Sk Finance Comparisons
Competitors of SK Finance
SK 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 Manappuram Finance, L & T Finance Holdings, Bajaj Finserv, IIFL Finance and Hero Fincorp, 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.
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| domain | founded_year | HQ Location |
Diversified lending services are provided as a non-banking financial institution.
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| domain | founded_year | HQ Location |
Financial solutions including loans and insurance are offered.
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| domain | founded_year | HQ Location |
Online gold, home, personal, and business loans are provided.
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| domain | founded_year | HQ Location |
2-wheeler loans and consumer/business financing are provided by Hero Fincorp.
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| domain | founded_year | HQ Location |
Consumer and SME loans are provided by Mahindra Finance.
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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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Latest news on Sk Finance
Frequently Asked Questions about SK Finance
When was SK Finance founded?
SK Finance was founded in 1994 and raised its 1st funding round 14 years after it was founded.
Where is SK Finance located?
SK Finance is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Who is the current CEO of SK Finance?
Rajendra Kumar Setia is the current CEO of SK Finance. They have also founded this company.
Is SK Finance a funded company?
SK Finance is a funded company, having raised a total of $338.52M across 12 funding rounds to date. The company's 1st funding round was a Series E of $45.83M, raised on Dec 01, 2008.
How many employees does SK Finance have?
As of Apr 07, 2024, the latest employee count at SK Finance is 9,710.
What is the annual revenue of SK Finance?
Annual revenue of SK Finance is $51.12M as on Mar 31, 2019.
What does SK Finance do?
SK Finance was established in 1994 in Jaipur, India, as a provider in the financial services sector. Loans are extended for pre-owned and used vehicles, including cars, alongside options for agriculture, business, and other areas. Operations focus on vehicle financing within the Indian market, supporting various borrower needs through structured lending practices.
Who are the top competitors of SK Finance?
SK Finance's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
What products or services does SK Finance offer?
SK Finance offers Commercial Vehicle Loan, Car Loan, Tractor Loan, Construction Equipment Loan, and 3 more products and services.
Who are SK Finance's investors?
SK Finance has 43 investors. Key investors include MIT, BlackSoil, Axis Mutual Fund, TPG, and 360 One.
What is SK Finance's valuation?
The valuation of SK Finance is $915.13M as of Sep 2023.