# Frontier Markets

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/frontier-markets

- Industry: Retail
- Headquarters: Jaipur, India
- Website: www.frontiermkts.com
- Latest round: Series B (Oct 14, 2022)
- Investors on record: 3

## About

Based in India, Frontier Markets is a rural social enterprise dedicated to enhancing the livelihoods of rural women entrepreneurs through a diverse array of products and services, including financial solutions and clean energy.Frontier Markets, founded in 2011, operates as a rural social enterprise focused on empowering women entrepreneurs in India. The company is headquartered in Jaipur, India, and has successfully completed five deals. In October 2022, Frontier Markets raised USD 2.25 mn in a Series B funding round, with investors including Artha Impact, Beyond Capital Fund, ENGIE New Ventures, TPG, and Teja Ventures. The CEO and founder, Ajaita S, has a history of advocating for rural development and women’s empowerment.Frontier Markets primarily offers a comprehensive suite of products and services aimed at enhancing the livelihoods of rural women entrepreneurs in India. Their core offerings include Financial Products & Services, Clean Energy Solutions, Climate & Agricultural Solutions, Healthcare & Home Appliances, and Beauty & Tailoring. These products are delivered through their innovative 'Meri Saheli Platform,' which facilitates end-to-end marketplace operations, enabling rural women to access essential goods and services directly. The company's operations focus on deep rural markets across seven states in India, targeting to empower over 100,000 rural women businesses within the next three years.Frontier Markets generates revenue through its diverse range of products and services, primarily by establishing partnerships with local and global brands aimed at reaching rural consumers. The company reported a revenue of USD 869,023.30 for the most recent year, 2023, with an EBITDA amount of USD -1,864,364.10. Revenue is generated as rural entrepreneurs facilitate product sales while receiving commissions on transactions made through the platform, reflecting the significant volume of transactions facilitated through its network.Frontier Markets plans to develop and launch new products aimed at further supporting rural women entrepreneurs. The company is targeting expansion into additional rural markets across India by 2025. The recent funding raised in October 2022 will support these initiatives, allowing Frontier Markets to enhance its offerings and reach more women entrepreneurs, thereby creating sustainable income-generating opportunities.

## Funding rounds

- Series B, Oct 14, 2022 — Beyond Capital Fund, Unreasonable Group, Lesing Mauritius Limited

## Investors

- Beyond Capital Fund (https://capitalatlas.ai/funds/beyond-capital-fund) — Series B
- Unreasonable Group — Series B
- Lesing Mauritius Limited — Series B