Noida-based NBFC-MFI Sindhuja Microcredit raises $5 M Pre-series D funding
In a pre-Series D funding round, Noida-based NBFC-MFI Sindhuja Microcredit has raised $5 million (roughly Rs 47 crore) from current investors Abler Nordic, GAWA Capital through Huruma Fund, and Oikocredit.
Its capital base will be strengthened, lending operations will be expanded, and underprivileged communities—including women entrepreneurs and MSMEs—will have better access to credit thanks to the proceeds.
Sindhuja Microcredit was established by Abhisheka Kumar and Malkit Singh Didyala to offer financial services to independent women business owners, traders, retailers, and farmers in rural and semi-urban areas.
Over the past eight years, the company says it has assisted over 5 lakh borrowers in 12 states. It currently oversees assets valued at more than Rs 1,100 crore and runs 366 branches.
Through joint liability group (JLG) loans and individual lending products, Sindhuja mainly targets borrowers in rural and isolated areas.
Carpediem Capital had previously raised Series A funding for Sindhuja. Later, during the COVID-19 pandemic, it obtained Series B funding, and in 2023, Abler Nordic led a pre-Series C round in which Carpediem Capital participated. Huruma Fund, managed by GAWA Capital, led the company’s 2024 Series C round, with Oikocredit also participating.
