Spandana Sphoorty Financial Limited (SSFL) operates as a Non-Banking Finance Company (NBFC) licensed by the Reserve Bank of India to provide financial services without accepting public deposits. The company, founded in 1998, specifically focuses on empowering low-income households, especially women, in rural and urban areas. It offers micro-credit programs and other financial products, including farm equipment and gold jewelry loans. SSFL recently received a significant INR3.00BPost-IPO Equity investment on 17 March 2022, led by Kedaara Capital and Valiant Communications. These investments demonstrate a strong vote of confidence in the company's mission and operations. With its commitment to inclusive finance, SSFL is well-positioned to make a meaningful impact on the socio-economic landscape of India. For more information, visit www.spandanasphoorty.com or follow them on Social Media.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Post-IPO Equity | INR2.40B | 1 | 06 May 2024 | |
Post-IPO Equity | INR3.00B | 2 | Valiant Communications | 17 Mar 2022 |
Debt Financing | INR4.00B | 2 | 02 Jan 2018 | |
Venture Round | INR1.25B | 2 | Ontario Teachers' Pension Plan | 18 Dec 2017 |
Venture Round | INR4.00B | 1 | Birla Sun Life Insurance | 06 Nov 2017 |
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