Portfolio
SKS Microfinance
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Sector:
Financial services
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Founded:
1998
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Founders:
- Vikram Akula
SKS (rebranded as Bharat Financial Inclusion Ltd) is a microfinance NBFC focused on giving loans and insurance to low-income rural female entrepreneurs. The company also provides consumer durables financing across the country. It employs a group lending model, with borrowers guaranteeing each other’s loans, and conducts regular financial literacy workshops.
Disclaimer: Company was a part of the investments recommended by WestBridge Advisory Principals during their time at Sequoia Capital, India from 2006-2011.
Focus areas:
- Microfinance
- Lending
- Financial services
- NBFCs
Partnerships
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Growth Equity Investment:
2007
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Growth Equity Investment:
2010
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Public Investment:
2012 - 2013