# Light Microfinance Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/light-microfinance-private

- Industry: Financial Services
- Headquarters: New Delhi, India
- Website: www.lightfinance.com
- Total disclosed funding: $35M
- Latest round: Series B (Sep 21, 2022)
- Investors on record: 4

## About

Light Microfinance Private Limited, based in New Delhi, India, specializes in microfinance services designed to empower underserved communities through financial products, such as microloans and savings accounts, aimed at fostering economic growth.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. The company has engaged in two notable deals, with the most recent funding round being a Series B in September 2022, where they raised USD 24.5 mn led by British International Investment, along with participation from Incofin Investment Management, Nordic Microfinance Initiative AS, and Triple Jump. The total amount raised to date is USD 24.5 mn.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. The company’s holistic approach is evident in their financial education initiatives, which aim to equip clients with essential skills for effective money management.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. In 2023, the company reported a revenue of USD 35.62 mn and an EBITDA of USD 18.67 mn, reflecting its financial health and operational efficiency.Following the Series B funding round in September 2022, Light Microfinance Private Limited plans to utilize the USD 24.5 mn raised to support geographical expansion into new states and diversify its product lines. 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.

## Funding rounds

- Series B, Sep 21, 2022, $25M — British International Investment, Incofin Investment Management, Triple Jump, Nordic Microfinance Initiative AS
- Series A, Jul 20, 2021, $10M — Incofin Investment Management, Triple Jump, Nordic Microfinance Initiative AS

## Investors

- Incofin Investment Management (https://capitalatlas.ai/funds/incofin-investment-management) — Series A, Series B
- Triple Jump (https://capitalatlas.ai/funds/triple-jump) — Series A, Series B
- Nordic Microfinance Initiative AS — Series A, Series B
- British International Investment — Series B