# Jana Small Finance Bank

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jana-small-finance-bank

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.janabank.com
- Total disclosed funding: $86M
- Latest round: Series D (Aug 14, 2013)
- Investors on record: 10

## About

Jana Small Finance Bank Ltd is an Indian financial institution that provides a range of banking services tailored to meet the needs of individuals and small businesses, enhancing financial inclusion across the country.Founded in 2006 and headquartered in Bangalore, India, Jana Small Finance Bank Ltd operates as a commercial bank delivering financial services. The company has engaged in various funding rounds, with the latest being a Pre-IPO round raising INR 5.7 billion (approximately USD 68.78 mn) on February 14, 2024, with contributions from investors like 360 ONE and Citi Ventures. Shrawan Saini serves as the CEO, leading the bank in its mission to serve diverse customer segments through innovative banking solutions.Jana Small Finance Bank offers a comprehensive suite of financial services that cater to individuals and small businesses. Key offerings include personal banking, business loans, and investment solutions aimed at fostering financial growth and stability. Personal banking services help customers manage their finances, while business loans provide essential funding for small enterprises. Investment solutions allow clients to optimize their portfolios through various instruments, targeting markets in North America and select regions in Europe and Asia.In the most recent fiscal year 2024, Jana Small Finance Bank reported a revenue of INR 315,692,249.90 (approximately USD 3.80 mn) and an EBITDA of INR 88,359,531.80 (approximately USD 1.07 mn). The bank’s revenue model is primarily driven by service fees from its financial products and interest income from loans, with structured fees for business loans and account maintenance for personal banking customers.Jana Small Finance Bank is actively pursuing growth strategies that include the launch of new financial products designed for small businesses and individuals, with specific rollout dates to be announced. The recent IPO, which raised INR 5.7 billion, will support these initiatives and is expected to strengthen the bank's capital base, enabling further expansion into new geographic markets across Asia. The bank aims to enhance its service offerings and deepen its market presence by targeting more clients by the end of 2024.

## Funding rounds

- Series D, Aug 14, 2013, $54M — Morgan Stanley Private Equity Asia, Citi Venture Capital International, Tata Capital, Caspian Impact Investment Adviser, QRG Enterprises Ltd.
- Series C, Jul 17, 2012, $4M — Citi Venture Capital International, Caspian Impact Investment Adviser, TreeLine, GAWA Capital
- Series C, Jun 22, 2011, $14M — Citi Venture Capital International, Lok Capital, Michael and Susan Dell Foundation, TreeLine, Bellwether Capital Partners
- Series B, Mar 7, 2010, $10M — TreeLine, Bellwether Capital Partners
- Series A, Mar 1, 2007, $3.7M — Lok Capital, Michael and Susan Dell Foundation, Bellwether Capital Partners

## Investors

- Lok Capital (https://capitalatlas.ai/funds/lok-capital) — Series A, Series C
- Michael and Susan Dell Foundation — Series A, Series C
- Bellwether Capital Partners (https://capitalatlas.ai/funds/bellwether-capital-partners) — Series A, Series B, Series C
- TreeLine — Series B, Series C
- Citi Venture Capital International (https://capitalatlas.ai/funds/citi-venture-capital-international) — Series C, Series D
- Caspian Impact Investment Adviser (https://capitalatlas.ai/funds/caspian-impact-investment-adviser) — Series C, Series D
- GAWA Capital (https://capitalatlas.ai/funds/gawa-capital) — Series C
- Morgan Stanley Private Equity Asia (https://capitalatlas.ai/funds/morgan-stanley-private-equity-asia) — Series D
- Tata Capital (https://capitalatlas.ai/funds/tata-capital) — Series D
- QRG Enterprises Ltd. — Series D