CredRight, a Hyderabad-based NBFC (Non-Banking Financial Company), has just raised $10 million in Series B funding to support India’s smallest business owners — the ones who power local economies but often get overlooked by traditional banks.
This funding round was led by Abler Nordic, a global impact investor making its first move from its new Fund V. Existing backers Michael & Susan Dell…
Saswat Finance, a Mumbai-based fintech startup, has raised $2.6 million in a funding round led by Ankur Capital, with participation from existing investor Incubate Fund Asia. The company aims to enhance financial inclusion in rural India by providing accessible and affordable financial services to underserved communities.
Company Overview
Mission and Vision
Founded in 2021 by Arun Tiwari…
In a significant move towards empowering underserved communities in India, Annapurna Finance Private Limited (AFPL), a leading Micro & SME Finance institution, has secured a whopping $109.5 million through a multilateral syndicated social loan. This financing, arranged by Standard Chartered Bank (SCB), will fuel the company’s efforts to expand financial inclusion, particularly for rural women…
In a major move to strengthen its rural lending platform, SarvaGram, a startup focused on providing financial services to underserved rural communities, has raised Rs 565 crore (approximately $67 million) in its Series D funding round. Led by Peak XV Partners, the funding round also saw participation from existing investors, including Elevar Equity, Elevation Capital, Temasek, and TVS Capital.
Google.org, the philanthropic arm of Google, has awarded a significant $1 million grant to Karya, a non-profit AI startup that is revolutionizing job opportunities in rural India. This funding will support Karya’s mission to provide data annotation work to thousands of people in rural areas, helping to improve local AI models and build a brighter future for underserved communities.
Karya’s…
Shopsy, Flipkart’s hyper-value e-commerce platform, is intensifying its efforts to tap into the burgeoning rural market of India. With over 821 million internet users in the country, more than half—approximately 442 million—reside in rural areas. Shopsy’s strategy, spearheaded by newly appointed Business Head Prathyusha Agarwal, is focused on becoming the premier destination for…
