# BASIX Krishi Samruddhi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/basix-krishi-samruddhi

- Industry: Business Support Services
- Headquarters: New Delhi, India
- Website: www.basixindia.com
- Total disclosed funding: $10M
- Latest round: Series B (Apr 29, 2009)
- Investors on record: 3

## About

BASIX Krishi Samruddhi Ltd is a pioneering organization focused on enhancing rural livelihoods through financial inclusion and agricultural development, empowering communities in India to achieve sustainable economic growth.BASIX Krishi Samruddhi Ltd operates in the sector of rural development and financial services, primarily targeting underserved agricultural households. The company is headquartered in New Delhi, India. BASIX was founded by Ashutosh Kumar, who has extensive experience in social entrepreneurship and has previously contributed to the establishment of other initiatives in the sector. The company raised INR 90 million from Acumen Fund in May 2012, marking a significant investment in its strategies to support rural financial services and agricultural development. Since its inception, BASIX has engaged in three notable investment deals, focusing on its goal of fostering sustainable livelihoods in rural India.BASIX India offers a comprehensive suite of services aimed at promoting sustainable livelihoods among rural poor households. Their core offerings include Inclusive Financial Services (IFS), Agricultural and Business Development Services (Ag/BDS), and Institutional Development Services (IDS). These services facilitate access to financial resources, enhance agricultural productivity, and build institutional capacities within rural communities. By integrating financial services with skill-building initiatives, BASIX addresses critical challenges such as poverty alleviation, women's empowerment, and economic exclusion. The company primarily serves rural households across India, engaging with diverse client segments that include smallholder farmers, women entrepreneurs, and marginalized communities.In the fiscal year 2023, BASIX generated revenue amounting to INR 1,764,468.80, with an EBITDA of INR 53,203.70. The company's revenue model includes service fees for financial inclusion initiatives, consultation fees for agricultural and business development support, and partnerships with governmental and non-governmental organizations. BASIX also engages in direct lending to clients, where interest rates are tailored to individual borrower profiles. Additional revenue streams include B2B partnerships, microcredit products, insurance services, and capacity-building programs.BASIX Krishi Samruddhi Ltd plans to enhance its service offerings by introducing new products designed to further support rural entrepreneurship and economic resilience. The company is targeting expansion into additional states within India that exhibit high poverty levels and limited access to financial services. Recent funding from the INR 90 million raised in May 2012 will be instrumental in developing these new financial products and expanding outreach to underserved markets. This strategic growth initiative aims to elevate BASIX’s impact in rural development and aid in the comprehensive upliftment of rural communities.

## Funding rounds

- Series B, Apr 29, 2009, $10M — SIDBI Venture Capital, Aavishkaar Capital, Lok Capital

## Investors

- SIDBI Venture Capital (https://capitalatlas.ai/funds/sidbi-venture-capital) — Series B
- Aavishkaar Capital (https://capitalatlas.ai/funds/aavishkaar-capital) — Series B
- Lok Capital (https://capitalatlas.ai/funds/lok-capital) — Series B