Sindhuja Microcredit has successfully raised Rs 120 crore (approximately $14.5 million) in its Series C funding round. Spearheaded by GAWA Capital (via its vehicle Huruma Fund) and Oikocredit, this investment underscores the growing confidence in microfinance as a catalyst for inclusive economic growth.
Founded with a vision to empower skilled women entrepreneurs lacking access to capital, Sindhuja Microcredit has rapidly emerged as a frontrunner in providing tailored microfinance solutions. The infusion of fresh capital will fuel the company’s expansion efforts, enabling it to reach new geographies and introduce innovative product lines to better serve its clientele.
This latest funding round follows a series of successful investments in Sindhuja Microcredit, including a Series B round of $8.7 million in May 2020 and a Series A round of $4 million in March 2019. With a track record of empowering over 400,000 self-employed women micro-entrepreneurs across nine states in India, the company is poised to further accelerate its impact and reach.
Abhisheka Kumar and Malkit Singh Didyala, the driving forces behind Sindhuja Microcredit, express their gratitude for the support and confidence shown by investors. They emphasize the company’s commitment to fostering economic resilience and empowerment among marginalized communities, particularly women entrepreneurs.
The infusion of capital will enable Sindhuja Microcredit to expand its operational footprint, currently spanning 235 branches with assets under management exceeding Rs 10 billion. By leveraging strategic partnerships and a customer-centric approach, the company aims to unlock new opportunities for entrepreneurship and economic inclusion.
Investors such as GAWA Capital and Oikocredit highlight their alignment with Sindhuja Microcredit’s mission of driving sustainable socio-economic development through inclusive finance. They view microfinance as a powerful tool for unlocking the entrepreneurial potential of underserved communities and driving positive social impact.
As Sindhuja Microcredit embarks on its next phase of growth, the company remains committed to its core values of inclusivity, empowerment, and sustainability. With the support of its investors and partners, it seeks to create a more equitable and prosperous future for all, one microloan at a time.
