About UBFC
UBFC is a Financial Services company based in Delhi (India) founded in 2019 by Avneesh Trivedi, and was acquired by Ayekart in May 2023. Provider of micro and nano financial services. UBFC has raised $493.09 thousand across 1 funding round from investors including Ayekart, Jay Prakash Singhania and Gudia Singhania. The company has 39 employees. UBFC was last valued at $766.37 thousand in March 2022. Its Indian entity Unnayan Bharat Finance Corporation Private Limited reported revenue of ₹2.86 Cr. Its focus areas include Microfinance, Microcredit, Sustainability Tech and Consumer and SME Loans. Its competitors include Manappuram Finance, IIFL Finance and L & T Finance Holdings; 1 of its 3 listed competitors has raised funding.
Company details
UBFC was founded in 2019 in Delhi, India, as a provider of micro and nano financial services within the fintech sector. Rural loans are extended using a combination of digital platforms and physical outreach. Insurance products and pension funding options are also offered to support underserved communities in rural areas. Operations focus on accessible financial solutions tailored to low-income segments.
- Headquarters Delhi, India
- Employees 39
- Founders Avneesh Trivedi
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website ubfc.in
- Social LinkedIn Facebook
- Acquired by Ayekart (May 2023)
- Legal Name Unnayan Bharat Finance Corporation Private Limited
- Date of Incorporation 23 Dec, 1993
- Jurisdiction New Delhi, Delhi, India
Associated legal entities of UBFC
UBFC operates through Unnayan Bharat Finance Corporation Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Unnayan Bharat Finance Corporation Private Limited CIN U66000DL1993PTC302037 | Active | 23 Dec 1993 | New Delhi, Delhi | ₹2.9 Cr | 39 | 4 | View details |
Funding Insights of UBFC
UBFC has successfully raised a total of $493.09K through 1 strategic funding round. The most recent funding activity was a Angel Round of $493.09 thousand completed in March 2022. 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 $493,091
- Total Rounds 1
- Last Round Angel Round — $493,091
- First Round $493,091
(Mar 2022)
- Investors Count 9
All 1 funding rounds of UBFC 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 |
|---|---|---|---|---|---|
| Mar 2022 | $493,091 | Angel Round | $766,372 | Jay Prakash Singhania, Gudia Singhania |
Last known valuation $766,372 (Mar 2022). 10 investors in total: 1 institutional and 9 angel.
Investors in UBFC
UBFC has secured backing from 10 investors, including angel and institutional investors. Prominent investors backing the company include Ayekart, Jay Prakash Singhania and Gudia Singhania.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Agricultural producers and distributors are connected through a service network. | 2020 | ayekart.com | Mumbai, India | |
JP Jay Prakash Singhania | unknown_af5c67fe00f24428b | |||
GS Gudia Singhania | unknown_9f65ad2bcfc8482ca | |||
AT Avneesh Trivedi | unknown_ff41c4c099cd4181a | |||
PA Puja Agarwal | Angel investor and entrepreneur, focusing on tech startups in India. | unknown_ac0dcde4988d4584a | ||
RP Reena Paliwal | unknown_ea4090ce556744879 | |||
RG Rinki Goyal | unknown_9393502c9c2c469ea | |||
HA Heeral Amit Shah | unknown_d5a9ac0b544844549 | |||
PA Prashant Agarwal | Angel investor, co-founder of Groyyo, focused on manufacturing tech | unknown_84f085ce997540a28 | ||
PA Puja Agarwal | unknown_8c7ea9a2801241efb |
Investor details for UBFC
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Board of directors of Unnayan Bharat Finance Corporation Private Limited (UBFC)
Unnayan Bharat Finance Corporation Private Limited is the primary company behind UBFC. The board of Unnayan Bharat Finance Corporation Private Limited currently have 3 directors; the longest-serving is Ashok Kumar Sarangi, appointed in 2021. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashok Kumar Sarangi DIN 09041162 | Director | 29 Jul 2021 | 5 yrs 3 mo | Unnayan Bharat Finance Corporation Private Limited |
| Avneesh Trivedi DIN 09326252 | Director | 20 Sep 2021 | 5 yrs 1 mo | Unnayan Bharat Finance Corporation Private Limited |
| Debarshi Dutta DIN 08537925 | Director | 11 May 2024 | 2 yrs 6 mo | Unnayan Bharat Finance Corporation Private Limited |
People of UBFC
1 people are tracked at UBFC (1 in leadership); the tracked headcount is 39.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for UBFC
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Financials of UBFC
Figures of Unnayan Bharat Finance Corporation Private Limited, the primary company behind UBFC, for FY 2024. Revenue was ₹2.86 Cr (+138% year on year). Net loss was -₹1.18 Cr (-41% margin). EBITDA was -₹7.1 Lakh (-2% margin). Revenue has grown at a compounded annual rate of +229% over three years and -27% over five years.
- ₹2.86 CrRevenue · FY 2024 · +138% YoY
- -₹1.18 CrNet loss · -41% margin
- -₹7.1 LakhEBITDA · -2% margin
- ₹16.23 CrPaid-up capital
- 39Employees (provident fund records)
- +229%Revenue CAGR, 3 years
- -27%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Unnayan Bharat Finance Corporation Private Limited are on its company page.
Detailed financial statements for UBFC
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of UBFC
3 dated milestones of UBFC across 4 years, from founding to its latest funding, stage changes and deals.
- Founded UBFC is founded.
- Funding First funding round of $493K.
- Exit Acquired by Ayekart.
Competitors of UBFC
UBFC has 3 listed competitors in our database, 1 of them funded. They include Manappuram Finance, IIFL Finance and L & T Finance Holdings.
| 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. | |
| iifl.com | 1995 | Mumbai, India | 16,076 | Online gold, home, personal, and business loans are provided. | ||
| ltfs.com | 1994 | Mumbai, India | 39,216 | Diversified lending services are provided as a non-banking financial institution. |
Detailed competitors of UBFC
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Top companies in Consumer and SME Loans
3 companies that operate in the same segment as UBFC (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 Ubfc
Complete news archive for UBFC
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Frequently Asked Questions about UBFC
UBFC was founded in 2019 and raised its 1st funding round 3 years after it was founded.
UBFC is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
UBFC is a funded company, having raised a total of $493.09K across 1 funding round to date. The company's 1st funding round was a Angel Round of $493.09K, raised on Mar 2022.
UBFC has 39 employees.
The primary company behind UBFC, Unnayan Bharat Finance Corporation Private Limited, reported revenue of ₹2.86 Cr for FY 2024, up 138% year on year.
UBFC was founded in 2019 in Delhi, India, as a provider of micro and nano financial services within the fintech sector. Rural loans are extended using a combination of digital platforms and physical outreach. Insurance products and pension funding options are also offered to support underserved communities in rural areas. Operations focus on accessible financial solutions tailored to low-income segments.
UBFC's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
UBFC has 10 investors. Key investors include Ayekart, Jay Prakash Singhania, Gudia Singhania, Avneesh Trivedi, and Puja Agarwal.
The valuation of UBFC is $766.37K as of Mar 2022.
UBFC operates through Unnayan Bharat Finance Corporation Private Limited.
Yes. UBFC was acquired by Ayekart in May 2023.
The legal entities of UBFC currently have 4 directors, including Ashok Kumar Sarangi, Debarshi Dutta, Avneesh Trivedi and others.