About Svakarma Finance
Svakarma Finance is a Financial Services company based in Mumbai (India) founded in 2016 by Anuradha Nadkarni, Vivek Vig, Kalpana Iyer, and Kaushik Mazumdar. Business loans are provided to MSMEs by Svakarma Finance. Svakarma Finance has raised $20.1 million across 9 funding rounds from investors including DBS Bank, IQ-EQ and Encourage Capital. The company has 178 employees. Svakarma Finance was last valued at $12.87 million in March 2023. Its Indian entity Svakarma Finance Private Limited reported revenue of ₹82.86 Cr. Its focus areas include Consumer and SME Loans, SME Loans and Diversified. Its competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv; 1 of its 3 listed competitors has raised funding.
Company details
Svakarma Finance was founded in 2016 in Mumbai, India, as a non-banking financial company. Operations focus on delivering business loans to micro, small, and medium enterprises. Tailored loan products are offered to support capital access and business-specific needs. The company serves entrepreneurs in the financial sector, with activities centered in India to aid enterprise growth through structured financing options.
- Headquarters Mumbai, India
- Employees 178
- Founders Anuradha Nadkarni, Vivek Vig, Kalpana Iyer, Kaushik Mazumdar
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website svakarma.com
- Social LinkedIn Facebook YouTube
- Legal Name Svakarma Finance Private Limited
- Date of Incorporation 21 Nov, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹82.86 Cr
FY 2025 · +127% YoY
- Net Loss-₹1.83 Cr
FY 2025 · -2% margin
- EBITDA₹20.21 Cr
FY 2025 · 24% margin
- Total Equity Funding$20.1M (USD)
in 9 rounds
- Latest Funding Round$10.4M (USD), Series A
Dec 2024
- InvestorsDBS Bank
& 27 more
- Employee Count178
Associated legal entities of Svakarma Finance
Svakarma Finance operates through Svakarma Finance 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 |
|---|---|---|---|---|---|---|---|
| Svakarma Finance Private Limited CIN U65999MH2017PTC302033 | Active | 21 Nov 2017 | Mumbai, Maharashtra | ₹82.9 Cr | 178 | 7 | View details |
Apps and channels of Svakarma Finance
its YouTube channel Svakarma Finance has 48 subscribers and 9 videos.
Videos from Svakarma Finance
The most watched videos on Svakarma Finance's YouTube channel, Svakarma Finance (48 subscribers). Click a video to play it here.
More on Svakarma Finance.
Funding Insights of Svakarma Finance
Svakarma Finance has successfully raised a total of $20.1M across 9 strategic funding rounds. The most recent funding activity was a Series A round of $10.4 million completed in December 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 $20.1M
- Total Rounds 9
- Last Round Series A — $10.4M
- First Round $1.44M
(Jan 2019)
- Investors Count 28
All 9 funding rounds of Svakarma Finance 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 2024 | Debt – Conventional | – | – | ||
| Dec 2024 | $10.4M | Series A | – | Encourage Capital | – |
| Jul 2023 | $790,335 | Series A | – | Sabre Investment Consultants | – |
| May 2023 | Seed | – | Encourage Capital | – | |
| Mar 2023 | $5.96M | Seed | $12.87M | – | |
| Mar 2022 | $689,661 | Seed | $7.45M | DBS, DBS Bank | – |
| Jan 2021 | $576,378 | Angel Round | $••••• | Arvind Narainaswami | |
| Apr 2019 | $253,363 | Angel Round | $••••• | Tanuj Paruthi | |
| Jan 2019 | $1.44M | Seed | $••••• | Sabre Investment Consultants |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2023 | $12.87M | •••••••• |
| Mar 2022 | $7.45M | •••••••• |
| Jan 2021 | $••••• | •••••••• |
| Apr 2019 | $••••• | •••••••• |
| Jan 2019 | $••••• | •••••••• |
Full valuation and stage history of Svakarma Finance
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $12.87M (Mar 2023). 28 investors in total: 6 institutional and 22 angel.
Investors in Svakarma Finance
Svakarma Finance has secured backing from 28 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include DBS Bank, IQ-EQ and Encourage Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm funding companies in the US | encouragecapital.com | New York, United States | ||
Venture capital firm focused on multiple sectors | 1896 | iqeq.com | Luxembourg, Luxembourg | |
A leading bank in Singapore, offering diverse financial services. | 1968 | dbs.com.sg | Singapore, Singapore | |
Banking services, digital solutions, and wealth management for personal and corporate clients in India. | 1968 | dbs.com | ||
SV Sumitra Vig | unknown_72b2dc345b0d49f99 | |||
KI Kalpana Iyer | Angel investor focusing on early-stage Indian startups, ex-banker. | unknown_c806c871b3814fe08 | ||
KM Kaushik Mazumdar | Angel investor and advisor, ex-Amazon, focused on tech startups | unknown_3cc91ae4cd0743958 | ||
AN Anuradha Nadkarni | Angel investor focusing on early-stage Indian startups, ex-entrepreneur. | unknown_c6e081103f3c4d69b |
Investor details for Svakarma Finance
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Board of directors of Svakarma Finance Private Limited (Svakarma Finance)
Svakarma Finance Private Limited is the primary company behind Svakarma Finance. The board of Svakarma Finance Private Limited currently have 5 directors; the longest-serving is Kaushik Mazumdar, appointed in 2017. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kaushik Mazumdar DIN 00397815 | Whole-time director | 21 Nov 2017 | 8 yrs 11 mo | Svakarma Finance Private Limited |
| Vivek Vig DIN 01117418 | Whole-time director | 21 Nov 2017 | 8 yrs 11 mo | Svakarma Finance Private Limited |
| Kalpanaiyer DIN 01874130 | Managing Director | 21 Nov 2017 | 8 yrs 11 mo | Svakarma Finance Private Limited |
| Ameya Gurunath Bijoor DIN 08905242 | Nominee Director | 27 Mar 2023 | 3 yrs 7 mo | Svakarma Finance Private Limited |
| Tarun Arora DIN 06883970 | Nominee Director | 27 Mar 2023 | 3 yrs 7 mo | Svakarma Finance Private Limited |
People of Svakarma Finance
4 people are tracked at Svakarma Finance (4 in leadership); the tracked headcount is 178.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & Managing Director | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Svakarma Finance
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Financials of Svakarma Finance
Figures of Svakarma Finance Private Limited, the primary company behind Svakarma Finance, for FY 2025. Revenue was ₹82.86 Cr (+127% year on year). Net loss was -₹1.83 Cr (-2% margin). EBITDA was ₹20.21 Cr (24% margin). Revenue has grown at a compounded annual rate of +114% over three years and +73% over five years.
- ₹82.86 CrRevenue · FY 2025 · +127% YoY
- -₹1.83 CrNet loss · -2% margin
- ₹20.21 CrEBITDA · 24% margin
- ₹63.65 CrPaid-up capital
- 178Employees (provident fund records)
- +114%Revenue CAGR, 3 years
- +73%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Svakarma Finance Private Limited are on its company page.
Detailed financial statements for Svakarma Finance
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Svakarma Finance
4 dated milestones of Svakarma Finance across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Svakarma Finance is founded.
- Funding First funding round of $1.4M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $10.4M.
Competitors of Svakarma Finance
Svakarma Finance has 3 listed competitors in our database, 1 of them funded. They include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
| 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. |
Detailed competitors of Svakarma Finance
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Web traffic of Svakarma Finance
The website of Svakarma Finance (svakarma.com) receives about 1.4K visits a month.
- Monthly visits1.4K
▲ 9.5% vs previous month
Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Svakarma Finance (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 204.93 M | 1,634 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 167 |
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Related news about Svakarma Finance
Complete news archive for Svakarma Finance
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Frequently Asked Questions about Svakarma Finance
Svakarma Finance was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Svakarma Finance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Svakarma Finance is a funded company, having raised a total of $20.1M across 9 funding rounds to date. The company's 1st funding round was a Seed of $1.44M, raised on Jan 2019.
Svakarma Finance has 178 employees.
The primary company behind Svakarma Finance, Svakarma Finance Private Limited, reported revenue of ₹82.86 Cr for FY 2025, up 127% year on year.
Svakarma Finance was founded in 2016 in Mumbai, India, as a non-banking financial company. Operations focus on delivering business loans to micro, small, and medium enterprises. Tailored loan products are offered to support capital access and business-specific needs. The company serves entrepreneurs in the financial sector, with activities centered in India to aid enterprise growth through structured financing options.
Svakarma Finance's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
Svakarma Finance has 28 investors. Key investors include DBS Bank, IQ-EQ, Encourage Capital, Esf Holdings, and Sabre Investment Consultants.
The valuation of Svakarma Finance is $12.87M as of Mar 2023.
Svakarma Finance operates through Svakarma Finance Private Limited.
The legal entities of Svakarma Finance currently have 7 directors, including Ameya Gurunath Bijoor, Ayushi Thakuriya, Kaushik Mazumdar and others.