What is Ujjivan?
Founded in 2005, Ujjivan operates as a Non-Banking Financial Company-Microfinance Institution (NBFC-MFI) licensed by the Reserve Bank of India. Headquartered in Bengaluru, Karnataka, Ujjivan offers a comprehensive suite of financial services to a broad customer base across India. The company's focus on providing accessible financial solutions positions it as a key player in the Indian microfinance sector.
How much funding has Ujjivan raised?
Ujjivan has raised a total of $20.3M across 1 funding round:
Debt
$20.3M
Debt (2014): $20.3M with participation from Small Industries Development Bank of India
Key Investors in Ujjivan
Small Industries Development Bank of India
The Small Industries Development Bank of India (SIDBI) is a government-backed institution focused on promoting and financing micro, small, and medium enterprises (MSMEs) in India. It plays a crucial role in providing financial and non-financial support to businesses, fostering entrepreneurship and economic development.
What's next for Ujjivan?
The substantial enterprise-level funding Ujjivan has attracted, including its recent major strategic investment, indicates a strong growth phase. This capital infusion is likely to fuel further expansion of its service offerings, technological advancements, and outreach to underserved populations. The company is poised to strengthen its market position and continue its mission of financial inclusion.
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