About Svakarma Finance
Svakarma Finance is a company based in Mumbai (India) founded in 2016 by Anuradha Nadkarni, Vivek Vig, Kalpana Iyer, and Kaushik Mazumdar. 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 as of May 17, 2024. Svakarma 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 Mumbai, India
- Employees 178 as on 17 May, 2024
- Founders Anuradha Nadkarni, Vivek Vig, Kalpana Iyer, Kaushik Mazumdar
- 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 Svakarma Finance Private Limited
- Date of Incorporation 21 Nov, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.49 M (USD)46.9as on Mar 31, 2023
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Net Profit
-$1.32 M (USD)-31.28as on Mar 31, 2023
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EBITDA
-$635.63 K (USD)-28.83as on Mar 31, 2023
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Total Equity Funding
$20.1 M (USD)
in 9 rounds
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Latest Funding Round
$10.4 M (USD), Series A
Dec 13, 2024
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Investors
DBS Bank
& 27 more
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Employee Count
178
as on May 17, 2024
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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.
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.
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Investor details for Svakarma Finance
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Investments & Acquisitions by Svakarma Finance
Investment portfolio details for Svakarma Finance
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Financial Statements - Svakarma Finance
Detailed financials for Svakarma Finance
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Svakarma Finance Comparisons
Peer comparison for Svakarma Finance
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Competitors of Svakarma Finance
Svakarma 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.
| 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 Svakarma Finance
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Latest news on 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.
As of May 17, 2024, the latest employee count at Svakarma Finance is 178.
Annual revenue of Svakarma Finance is $1.49M as on Mar 31, 2023.
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.