Light Microfinance Private
Latest round
- Series B
Last raised
- Sep 2022
Total raised
- $35M
Investors
- 4
About Light Microfinance Private
Founded in 2008 in New Delhi, India, Light Microfinance Private Limited focuses on providing financial solutions to the underserved population. The founders include Aviral Saini and Indresh Tripathi, with Rakesh Kumar serving as the CEO.Light Microfinance Private Limited primarily offers financial products tailored to empower underserved populations, particularly in rural areas of India. Their core offerings include microloans, savings accounts, and financial literacy programs designed to support low-income individuals and small businesses. The microloans serve as vital resources for clients wishing to invest in income-generating activities, such as agriculture or small enterprises. The company’s services are strategically aimed at enhancing economic stability and fostering entrepreneurial spirit among its clients, which consist of women and marginalized groups across various states, including Rajasthan, Haryana, and Uttar Pradesh.Light Microfinance's revenue model is primarily focused on interest income generated from microloans. Transactions typically occur when clients approach the company for financial assistance, leading to the evaluation of their creditworthiness and the subsequent disbursement of loan amounts tailored to their needs. The repayment structure is designed to provide flexibility, allowing clients to repay loans in manageable installments over a specified period. Additionally, the company generates revenue through associated services, such as financial literacy workshops, which further enhance client engagement and retention. The company aims to enhance its offerings and reach new markets by leveraging technology and digital initiatives, which are critical for its growth strategy. The specific regions targeted for expansion will be identified as part of their strategic planning in the upcoming fiscal periods.
Who invested in Light Microfinance Private
4 investors across 2 rounds
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Questions about Light Microfinance Private
Who invested in Light Microfinance Private?
Light Microfinance Private has 4 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Light Microfinance Private raised?
Light Microfinance Private has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Light Microfinance Private last raise money?
Light Microfinance Private's most recent round on record is a Series B, in Sep 2022.
What does Light Microfinance Private do?
Founded in 2008 in New Delhi, India, Light Microfinance Private Limited focuses on providing financial solutions to the underserved population.
Where is Light Microfinance Private headquartered?
Light Microfinance Private is headquartered in New Delhi, India.
Which VCs invest in companies like Light Microfinance Private?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and ABQH Shenzhen Investment Fund Management back financial services companies at Light Microfinance Private's stage. Their profiles are linked below.
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