About SMEcorner
SMEcorner is a company based in Mumbai (India) founded in 2014 by Neela Samir Bhatia and Samir Bhatia was acquired by Ambit in January 2023. SMEcorner has raised $49.07 million across 12 funding rounds from investors including Northern Arc Capital, Vivriti Capital and Ambit. The company has 1 employees as of March 22, 2024. SMEcorner operates in a competitive market with competitors including Manappuram Finance, L & T Finance Holdings, Bajaj Finserv, IIFL Finance and Hero Fincorp, among others.
- Headquarter Mumbai, India
- Employees 1 as on 22 Mar, 2024
- Founders Neela Samir Bhatia, Samir Bhatia
- 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
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- Legal Name Digikredit Finance Private Limited
- Date of Incorporation 13 Nov, 2013
- Jurisdiction Kandivali West, Maharashtra, India
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Annual Revenue
$7.06 M (USD)-16.26as on Mar 31, 2023
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Net Profit
-$509.33 K (USD)90.44as on Mar 31, 2023
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EBITDA
-$4.06 M (USD)-81.64as on Mar 31, 2023
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Total Equity Funding
$49.07 M (USD)
in 12 rounds
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Latest Funding Round
$3.25 M (USD), Series B
Dec 07, 2021
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Investors
Northern Arc Capital
& 21 more
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Employee Count
1
as on Mar 22, 2024
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Acquired by
Ambit
(Jan 05, 2023)
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People of SMEcorner
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Funding Insights of SMEcorner
SMEcorner has successfully raised a total of $49.07M across 12 strategic funding rounds. The most recent funding activity was a Series B round of $3.25 million completed in December 2021. 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 SMEcorner
SMEcorner has secured backing from 22 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Northern Arc Capital, Vivriti Capital and Ambit.
| Investor | Description | Founded Year | Domain | Location |
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A leading Indian mid-market private equity firm is operated.
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Investment fund focusing on emerging markets and financial services sectors.
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Fintech investments focused on financial inclusion and global economic growth.
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Investor details for SMEcorner
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Investments & Acquisitions by SMEcorner
Investment portfolio details for SMEcorner
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Financial Statements - SMEcorner
Detailed financials for SMEcorner
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Smecorner Comparisons
Peer comparison for SMEcorner
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Competitors of SMEcorner
SMEcorner 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.
| 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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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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Online gold, home, personal, and business loans are provided.
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2-wheeler loans and consumer/business financing are provided by Hero Fincorp.
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Consumer and SME loans are provided by Mahindra Finance.
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Detailed competitors of SMEcorner
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Latest news on Smecorner
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Frequently Asked Questions about SMEcorner
SMEcorner was founded in 2014 and raised its 1st funding round 1 year after it was founded.
SMEcorner is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Neela Samir Bhatia is the current CEO of SMEcorner. They have also founded this company.
SMEcorner is a funded company, having raised a total of $49.07M across 12 funding rounds to date.
As of Mar 22, 2024, the latest employee count at SMEcorner is 1.
Annual revenue of SMEcorner is $7.06M as on Mar 31, 2023.
SMEcorner was founded in 2014 in Mumbai, India, as a fintech platform. An online marketplace is provided for SMEs to access loans from banks and NBFCs. A credit model focused on MSMEs is developed using machine intelligence to enable quicker loan disbursals. Application tracking is offered on the platform, along with options such as unsecured loans, women entrepreneur loans, and loans against property.
SMEcorner's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
SMEcorner has 22 investors. Key investors include Northern Arc Capital, Vivriti Capital, Ambit, Accion, and Quona.
The valuation of SMEcorner is $50.67M as of Dec 2021.