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Janalakshmi Financial Services Ltd
http://www.janalakshmi.com/Last activity: 11.11.2021
Active - Reference to Jana Small Finance Bank
Janalakshmi Financial Services, now Jana Small Finance Bank, started its operations in 2006 as an Indian micro finance institution (MFI) to provide finance for the country’s low-income and underbanked population.
In 2017, the MFI was granted a Small Finance Bank licence, and the rebranded firm began banking operations in March 2018. The Bengaluru-headquartered bank currently has 15,000 direct employees.
It plans to convert most of its existing MFI branches into full-fledged bank branches across 18 states by the end of 2019. This includes 25 per cent of rural branches to serve the unbanked.
In 2017, the MFI was granted a Small Finance Bank licence, and the rebranded firm began banking operations in March 2018. The Bengaluru-headquartered bank currently has 15,000 direct employees.
It plans to convert most of its existing MFI branches into full-fledged bank branches across 18 states by the end of 2019. This includes 25 per cent of rural branches to serve the unbanked.
Employees: 1-10
Total raised: $435.6M
Investors 2
| Date | Name | Website |
| - | British In... | bii.co.uk |
| - | TPG | tpg.com |
Funding Rounds 4
| Date | Series | Amount | Investors |
| 11.09.2017 | - | $161M | - |
| 18.04.2016 | - | $210M | - |
| 11.01.2016 | - | $50M | CDC Group ... |
| 20.07.2012 | - | $14.6M | - |
Mentions in press and media 21
| Date | Title | Description |
| 11.11.2021 | Fly Hi Financial Services Limited announced that it has received INR 55.5 million in funding from Choice International Limited | Fly Hi Financial Services Limited announced that it has enter into Share subscription agreement for private placement of 223,600 common shares at a price of INR 248.211091 for gross proceeds of INR 55,500,000 on November 11, 2021.The transa... |
| 07.09.2021 | Marshmallow Financial Services Limited announced that it has received $85 million in funding from Passion Capital Investments LLP, Investec Bank plc, SCOR SE, and other investors | Marshmallow Financial Services Limited announced that it has raised $85 million in series B round of funding on September 7, 2021. The transaction included participation from existing investors Passion Capital Investments LLP, Investec Bank... |
| 07.09.2021 | Marshmallow Financial Services Limited announced that it has received £62 million in funding from Passion Capital Investments LLP, Investec Bank plc, SCOR SE, and other investors | Marshmallow Financial Services Limited announced that it has raised £62 million in series B round of funding on September 7, 2021. The transaction included participation from existing investors Passion Capital Investments LLP, Investec Bank... |
| 24.01.2018 | Janalakshmi raises ₹125 crore | Janalakshmi Financial Services Pvt Ltd has raised ₹125 crore through listed, non-convertible bond issue. This is the first tranche of a total of ₹250 crore that the microfinance institution intends to raise by the end of this month. The bon... |
| 20.01.2018 | MUDRA invests Rs 50 cr in a securitisation deal with Janalakshmi | The MUDRA (Micro Units Development & Refinance Agency) has invested Rs 50 crore in the A(-) rated senior tranche of securitised MSME loan portfolio of Janalakshmi Financial Services, the Bengaluru-based micro-finance company. This will ... |
| 10.01.2018 | Janalakshmi Financial Services raises Rs 1,030 cr equity capital | Microfinance company Janalakshmi Financial Services, which has received final approval to set up a small finance bank, today said it has raised equity capital of Rs 1,030 crore. The microfinancer raised the funds through its existing invest... |
| 16.09.2017 | This week in Indian Startups funding news (Sep 11-16) | This week 19 startups received funding, out of which 11 were disclosed, who in total made a sum of $242.01 million. Among them Janalakshmi Financial raised highest investment of $161 million, followed by Ecom Express, which raised about $30... |
| 11.09.2017 | Bajaj Allianz joins TPG, other existing investors to park $161 mn in Janalakshmi | Bengaluru-based microlender Janalakshmi Financial Services Pvt. Ltd, which had secured a licence for floating a small finance bank, has raised Rs 1,030 crore ($161 million) in a funding round led by existing investor TPG. The fresh capital ... |
| 11.09.2017 | India: TPG leads $161m funding round in Janalakshmi Financial | Premium Micro finance institution Janalakshmi Financial Services has raised a new round of funding of Rs 1,030 crore ($161.3 million) led by private equity major TPG. Continue reading this story with a subscription to DealStreetAsia. Subscr... |
| 17.08.2016 | Lok Capital, Proparco Invest $5M In IFMR Rural Channels & Services | Lok Capital, a venture capital firm focused on bottom-of-the-pyramid (BoP) market, and Proparco, the private sector investment arm of the French development body Agence Française de Développement (AFD), have invested $5 million (Rs 26 crore... |
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