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. 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
- Founders Neela Samir Bhatia, Samir Bhatia
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website smecorner.com
- Social LinkedIn X Facebook
- Acquired by Ambit (Jan 2023)
- Legal Name Digikredit Finance Private Limited
- Date of Incorporation 13 Nov, 2013
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹95.1 Lakh
FY 2025 · -29% YoY
- Net Profit₹16.29 Cr
FY 2025 · 1712% margin
- EBITDA-₹19.5 Lakh
FY 2025 · -21% margin
- Total Equity Funding$49.07M (USD)
in 12 rounds
- Latest Funding Round$3.25M (USD), Series B
Dec 2021
- InvestorsNorthern Arc Capital
& 21 more
- Employee Count1
- Acquired byAmbit
(Jan 2023)
Associated legal entities of SMEcorner
SMEcorner operates through Ascendant Financial Strategies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ascendant Financial Strategies Private Limited CIN U70200MH2013PTC250061 | Active | 13 Nov 2013 | Mumbai, Maharashtra | ₹1.0 Cr | 1 | 2 | View details |
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.
- Total Funding $49.07M
- Total Rounds 12
- Last Round Series B — $3.25M
- First Round $660,853
(Jun 2015)
- Investors Count 21
Latest 10 of 12 funding rounds of SMEcorner with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $3.25M | Series B | $50.67M | Paragon Partners | |
| Dec 2020 | $3.26M | Debt – Conventional | – | – | |
| Mar 2020 | – | Debt – Conventional | – | – | |
| Jan 2020 | $30M | Series B | – | Paragon Partners | |
| Mar 2019 | $6.3M | Series A | $25.44M | Accion, Quona | |
| Mar 2019 | $6.3M | Debt – Conventional | – | – | |
| Jun 2018 | $3.35M | Series A | $••••• | Capital First | |
| Jun 2018 | $3.66M | Debt – Conventional | – | – | |
| May 2018 | $3M | Series A | – | Accion | |
| Mar 2017 | $1.82M | Seed | $••••• | Dutch Good Growth Fund |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2021 | $50.67M | •••••••• |
| Mar 2019 | $25.44M | •••••••• |
| Jun 2018 | $••••• | •••••••• |
| Mar 2017 | $••••• | •••••••• |
| Jun 2015 | $••••• | •••••••• |
Full valuation and stage history of SMEcorner
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $50.67M (Dec 2021). 22 investors in total: 10 institutional and 12 angel.
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 |
|---|---|---|---|---|
A leading Indian mid-market private equity firm is operated. | 2015 | paragonpartners.in | Mumbai, India | |
Investment fund focusing on emerging markets and financial services sectors. | 2019 | aviator-emf.com | Ebene City, Mauritius | |
Fintech investments focused on financial inclusion and global economic growth. | 2015 | quona.com | - | |
Foundation focused on early-stage investments in fintech sector | 1961 | accion.org | - | |
Modern staffing agency for building tech teams in USA and Germany through recruitment. | 2008 | citrusglobal.com | London, United Kingdom | |
Household and business loans are provided with risk management support. | 2006 | northernarc.com | Chennai, India | |
Debt financing solutions are provided to mid-market enterprises. | 2017 | vivriticapital.com | Chennai, India | |
Specialized financing for real estate infrastructure is provided in India. | 2008 | capitalfirst.com | Mumbai, India | |
Provides funding and assistance for Dutch businesses investing and exporting abroad. | 2014 | dggf.nl | The Hague, Netherlands | |
Ambit is recognized as a leading provider of financial advice and capital in India. | 1997 | ambit.co | Mumbai, India |
Investor details for SMEcorner
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Ascendant Financial Strategies Private Limited (SMEcorner)
Ascendant Financial Strategies Private Limited is the primary company behind SMEcorner. The board of Ascendant Financial Strategies Private Limited currently have 2 directors; the longest-serving is Siddharth Deepak Parekh, appointed in 2020. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Siddharth Deepak Parekh DIN 06945508 | Nominee Director | 27 Jul 2020 | 6 yrs 2 mo | Ascendant Financial Strategies Private Limited |
| Sanjay Chandrakant Ajgaonkar DIN 09700597 | Director | 20 Aug 2025 | 1 yr 1 mo | Ascendant Financial Strategies Private Limited |
People of SMEcorner
18 people are tracked at SMEcorner (7 in leadership, 11 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Neela Samir Bhatia | Founder & CEO | Leadership |
Samir Bhatia | Co-Founder & CEO | Leadership |
Sonal Patni | CTO | Leadership |
Sriradha Banerjee | Head Of Operations & Customer Service | Leadership |
Ujwal Borse | Vertical Head | Leadership |
Vinit Barve | Head Of Operations & Customer Service | Leadership |
Aditya Duggal | VP - Strategy And Growth | Leadership |
Bhim Sonar | Accounts Executive | Team |
Ronak Jaithliya | Area Credit Manager | Team |
Prakash Parmar | Sales Officer | Team |
Vijay Mittal | Branch Credit Manager | Team |
Naresh Paldewar | Disbursment | Team |
Deepak S. Sawant | AVP -admin & Infra At Smecorner | Team |
Jay Shah | Manager Collections Telecalling | Team |
Yugal Lohiya | Senior Sales Officer | Team |
Mahesh Tripathi | Sales Manager DSA | Team |
Shailesh Joshi | Disbursement Officer | Team |
Ujwal Tambadkar | Data Analyst | Team |
Complete people profiles for SMEcorner
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of SMEcorner
Figures of Ascendant Financial Strategies Private Limited, the primary company behind SMEcorner, for FY 2025. Revenue was ₹95.1 Lakh (-29% year on year). Net profit was ₹16.29 Cr (1712% margin). EBITDA was -₹19.5 Lakh (-21% margin). Revenue has grown at a compounded annual rate of -76% over three years and -54% over five years.
- ₹95.1 LakhRevenue · FY 2025 · -29% YoY
- ₹16.29 CrNet profit · 1712% margin
- -₹19.5 LakhEBITDA · -21% margin
- ₹12.64 CrPaid-up capital
- 1Employees (provident fund records)
- -76%Revenue CAGR, 3 years
- -54%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ascendant Financial Strategies Private Limited are on its company page.
Detailed financial statements for SMEcorner
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of SMEcorner
5 dated milestones of SMEcorner across 9 years, from founding to its latest funding, stage changes and deals.
- Founded SMEcorner is founded.
- Funding First funding round of $661K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $3.3M.
- Exit Acquired by Ambit.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| manappuram.com | 1992 | Valapad, India | $39.98M | 32,076 | Consumer and SME loans are provided by Manappuram Finance. | |
| ltfs.com | 1994 | Mumbai, India | – | 39,216 | Diversified lending services are provided as a non-banking financial institution. | |
| bajajfinserv.in | 2007 | Pune, India | – | 53,782 | Financial solutions including loans and insurance are offered. | |
| iifl.com | 1995 | Mumbai, India | – | 16,076 | Online gold, home, personal, and business loans are provided. | |
| herofincorp.com | 1991 | Delhi, India | $274.96M | 3,446 | 2-wheeler loans and consumer/business financing are provided by Hero Fincorp. | |
| mahindrafinance.com | 1991 | Mumbai, India | $84.59M | 25,004 | Consumer and SME loans are provided by Mahindra Finance. | |
| tatacapital.com | 2007 | Mumbai, India | – | 27,075 | Diversified non-banking financial services are provided by Tata Capital. | |
| kinaracapital.com | 2011 | Bengaluru, India | $116.69M | 1,580 | Collateral-free loans are provided to MSMEs for business operations. | |
| muthootfinance.com | 1887 | Ernakulam, India | $222.53M | 31,703 | Consumer and SME loans are provided, secured by gold jewellery. | |
| northernarc.com | 2006 | Chennai, India | $283.47M | 1,139 | Household and business loans are provided with risk management support. |
Detailed competitors of SMEcorner
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of SMEcorner
The website of SMEcorner (smecorner.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 46.9% vs previous month
Latest news on Smecorner
Complete news archive for SMEcorner
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to SMEcorner
10 companies that operate in the same segment as SMEcorner (Consumer and SME Loans), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Synchrony is engaged in providing credit cards and banking services. | 1993 | Salem, United States | USD 25 M | USD 19.12 B | 20,000 | |
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | – | USD 1.9 B | 36,520 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Household and business loans are provided with risk management support. | 2006 | Chennai, Tamil Nadu, India | USD 283.47 M | USD 288.73 M | 1,100 | |
Online gold, home, personal, and business loans are provided. | 1995 | Mumbai, Maharashtra, India | – | USD 1.38 B | 38,720 | |
An online lending platform for point-of-sale financing is provided. | 2013 | Bengaluru, Karnataka, India | USD 205.92 M | USD 3.93 M | 499 | |
Housing loans are extended to middle-income households in India. | 2010 | Gurugram, Haryana, India | USD 111.02 M | USD 162.86 M | 3,820 |
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
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. The company's 1st funding round was a Seed of $1.82M, raised on Jun 2015.
SMEcorner has 1 employees.
The primary company behind SMEcorner, Ascendant Financial Strategies Private Limited, reported revenue of ₹95.1 Lakh for FY 2025, down 29% year on year.
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.
SMEcorner operates through Ascendant Financial Strategies Private Limited.
Yes. SMEcorner was acquired by Ambit in January 2023.