Shivalik Small Finance Bank raises Rs 100 Cr in equity investment co-led by Lightspeed and Sorin Investments
Amount Raised
₹1 Billion
Round Type
Seed
NoidaFinancial ServicesFinanceFintechLendingBankingInvestors
Description
Noida-based Shivalik Small Finance Bank has raised Rs 100 crore in equity co-led by global venture capital firm Lightspeed and Sanjay Nayar-founded Sorin Investments, with participation from existing investors Accel and Quona. The bank plans to use the funding to enhance its tech stack, strengthen its team, and further develop its product proposition to build a digital-first bank for small businesses and underserved segments.
Quick answer
Shivalik Small Finance Bank raised ₹1 Billion in a Seed round, dated June 18, 2024. Investors: Quona, Accel, Sorin Investments and Lightspeed. Shivalik Small Finance Bank is based in Noida, Uttar Pradesh, India.
- How much did Shivalik Small Finance Bank raise?
- Shivalik Small Finance Bank raised ₹1 Billion in a Seed round on June 18, 2024.
- Who invested in Shivalik Small Finance Bank?
- Quona, Accel, Sorin Investments and Lightspeed are named as investors in this round.
- What does Shivalik Small Finance Bank do?
- Shivalik Small Finance Bank is the first Small Finance Bank in India to have transitioned from an Urban Cooperative Bank with 25 years of experience in offering retail banking products and services.
- Where is Shivalik Small Finance Bank based and how big is it?
- Shivalik Small Finance Bank is based in Noida, Uttar Pradesh, India.
- Who are the decision-makers at Shivalik Small Finance Bank?
- Fundz holds 1 contact at Shivalik Small Finance Bank. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Shivalik Small Finance Bank that raised within 45 days of this round, from Fundz verified event records.
- Clix Capital raised $20M on August 1, 2024.
- Seeds Fincap Pvt. Ltd raised $8.5M (Series A) on July 17, 2024.
- GBank Financial Holdings raised $3.3M on June 25, 2024.
- CBi Group raised $15M (Series A) on May 23, 2024.
- NG.CASH raised $13M (Series A) on May 15, 2024.
- Sumitomo Mitsui Financial Group raised $494K on July 25, 2024.
Who to call at Shivalik Small Finance Bank, and when
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- An alert the day Shivalik Small Finance Bank raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Shivalik Small Finance Bank, from your own LinkedIn network
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