# Shiksha Financial Services India Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shiksha-financial-services-india-private

- Industry: Financial Services
- Headquarters: Chennai, India
- Website: www.shikshafinance.com
- Total disclosed funding: $14M
- Latest round: Series B (Nov 2, 2021)
- Investors on record: 3

## About

Shiksha Financial Services India Private Limited specializes in providing innovative financial solutions for the education sector, focusing on loans for students and educational institutions, facilitating access to essential funding.Founded in 2014 in Chennai, India, Shiksha Finance focuses on delivering financial products tailored to the education sector. The company was established by Jacob Abraham, and operates independently without subsidiaries. Shiksha Finance has engaged in 7 deals, with its latest funding round being Series B in November 2021, raising INR 135.9 mn from investors including Lightrock and The Michael and Susan Dell Foundation. The company's most recent valuation stands at INR 3084.484 mn.Shiksha Finance primarily offers financial products aimed at the education sector, including loans for students and educational institutions. Their core offerings encompass loans for educational expenses, as well as financial assistance for infrastructure development and working capital needs. In response to market dynamics post-COVID-19, the company has shifted focus towards microloans and MSME (Micro, Small, and Medium Enterprises) financing, serving a wide clientele including students, educational institutions, and small businesses, primarily in India.In 2023, Shiksha Finance reported revenue of INR 3,354,337.30, alongside an EBITDA of INR -1,635,783.20. The company generates income via interest on its diverse loan products, including educational loans and MSME financing, structured around a direct lending model that facilitates streamlined transactions with clients.Shiksha Finance aims to roll out new financial products tailored for the evolving educational landscape, making its debut by the end of 2023. The company plans to expand into additional Indian states and potentially explore international markets in Southeast Asia by 2025. The recent Series B funding of INR 135.9 mn will support these initiatives, particularly in enhancing product development and expanding market presence.

## Funding rounds

- Series B, Nov 2, 2021, $1.8M — Zephyr Management, The Michael and Susan Dell Foundation, Lightrock
- Series B, Dec 31, 2019, $0.9M — Zephyr Management
- Series B, Dec 19, 2018, $7.9M — Zephyr Management, The Michael and Susan Dell Foundation, Lightrock
- Series B, Jun 23, 2017, $2.2M — The Michael and Susan Dell Foundation, Lightrock
- Series B, Dec 1, 2016, $1M — The Michael and Susan Dell Foundation, Lightrock

## Investors

- The Michael and Susan Dell Foundation — Series B
- Lightrock (https://capitalatlas.ai/funds/lightrock) — Series B
- Zephyr Management (https://capitalatlas.ai/funds/zephyr-management) — Series B