About UBFC
UBFC is a company based in Delhi (India) founded in 2019 by Avneesh Trivedi was acquired by Ayekart in May 2023.. 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 as of March 28, 2024. UBFC operates in a competitive market with competitors including Manappuram Finance, IIFL Finance, L & T Finance Holdings, Bajaj Finserv and ESAF, among others.
- Headquarter Delhi, India
- Employees 39 as on 28 Mar, 2024
- Founders Avneesh Trivedi
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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
*********
- Legal Name Unnayan Bharat Finance Corporation Private Limited
- Date of Incorporation 23 Dec, 1993
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$19.93 K (USD)105.74as on Mar 31, 2022
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Net Profit
$-139.15 K (USD)-11538.25as on Mar 31, 2022
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EBITDA
$-135.75 K (USD)-7308.21as on Mar 31, 2022
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Total Equity Funding
$493.09 K (USD)
in 1 rounds
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Latest Funding Round
$493.09 K (USD), Angel Round
Mar 31, 2022
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Investors
Ayekart
& 9 more
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Employee Count
39
as on Mar 28, 2024
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Acquired by
Ayekart
(May 25, 2023)
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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 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 Total Funding
- Total Rounds 1
- Last Round Angel Round — $493,091
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First Round
First Round
(31 Mar 2022)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Angel Round - UBFC | Valuation | Jay Prakash Singhania , Gudia Singhania |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Agricultural producers and distributors are connected through a service network.
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Founded Year | Domain | Location | |
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JP
Jay Prakash Singhania |
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|
Founded Year | Domain | Location |
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GS
Gudia Singhania |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by UBFC
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - UBFC
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ubfc Comparisons
Competitors of UBFC
UBFC 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, IIFL Finance, L & T Finance Holdings, Bajaj Finserv and ESAF, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer and SME loans are provided by Manappuram Finance.
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| domain | founded_year | HQ Location |
Online gold, home, personal, and business loans are provided.
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| domain | founded_year | HQ Location |
Diversified lending services are provided as a non-banking financial institution.
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| domain | founded_year | HQ Location |
Financial solutions including loans and insurance are offered.
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| domain | founded_year | HQ Location |
Microfinance banking services are offered in India by ESAF.
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| domain | founded_year | HQ Location |
Household and business loans are provided with risk management support.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ubfc
Frequently Asked Questions about UBFC
When was UBFC founded?
UBFC was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is UBFC located?
UBFC is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is UBFC a funded company?
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 31, 2022.
How many employees does UBFC have?
As of Mar 28, 2024, the latest employee count at UBFC is 39.
What is the annual revenue of UBFC?
Annual revenue of UBFC is $19.93K as on Mar 31, 2022.
What does UBFC do?
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.
Who are the top competitors of UBFC?
UBFC's top competitors include ESAF, Manappuram Finance and L & T Finance Holdings.
Who are UBFC's investors?
UBFC has 10 investors. Key investors include Ayekart, Jay Prakash Singhania, Gudia Singhania, Avneesh Trivedi, and Puja Agarwal.
What is UBFC's valuation?
The valuation of UBFC is $766.37K as of Mar 2022.