Sindhuja Microcredit, a digital microfinance company focused on helping self-employed women in rural areas, has raised US$5 million (around ₹47 crore) in a Pre-Series D funding round. Existing investors including Abler Nordic, GAWA Capital (through Huruma Fund), and Oikocredit also took part in the investment.
The company will use the new funds to strengthen its financial position, grow its business, and provide responsible loans to more underserved communities, especially women entrepreneurs in rural areas.
Abhisheka Kumar, Co-Founder and Managing Director/Malkit Singh Didyala, Co-Founder and Chief Executive Officer, Sindhuja Microcredit said, “We are making significant progress in our mission in touching the lives of low-income women borrowers from underserved households as well as in making financial services accessible to the financially excluded and MSME entrepreneurs through efficient, customer-friendly and technology-enabled solutions. The latest funds will drive us to the next phase of growth by further expanding our footprint and strengthening our capability to serve our customers. We are grateful for the continued confidence shown by our investors.”
Smriti Chandra, Abler Nordic’s Regional Director for Asia, said, “We are pleased with Sindhuja’s performance and are encouraged by the company’s continued progress. We remain confident in the management team’s vision and execution and believe they have navigated the recent microfinance sector challenges with resilience. Our follow on investment reflects our long term commitment to supporting Sindhuja’s growth and impact.”
Agustín Vitórica, Co-Founder of GAWA Capital, said: “At GAWA Capital, we are proud to deepen our support for Sindhuja Microcredit through this follow-on investment. Reaching smallholder farmers remains one of the biggest challenges in inclusive finance in India, given their exposure to climate shocks, income volatility, and the limited availability of financial products adapted to rural livelihoods. We have strong confidence in the team and in Sindhuja’s ability to address this challenge while scaling its impact among smallholder farmers in India, both through JLG products and through individual lending solutions tailored to farmers’ needs.”
Harsh Shah Head of Equity (Asia) at Oikocredit, added: “Sindhuja has demonstrated meaningful resilience through one of the most challenging cycles the Indian microfinance sector has seen in over a decade. Its focus on rural women entrepreneurs and commitment to responsible lending align deeply with Oikocredit’s mission. We are pleased to continue supporting Sindhuja as the sector enters a phase of recovery.”
Founded by Abhisheka Kumar and Malkit Singh Didyala, Sindhuja Microcredit provides loans and financial services to self-employed women, small traders, shopkeepers, and farmers living in rural and semi-urban areas.
The company says it has supported more than 5 lakh borrowers across 12 states in the last eight years. It currently runs 366 branches and manages assets worth over ₹1,100 crore.
Sindhuja mainly offers joint liability group (JLG) loans and individual loans to people in rural and remote areas.
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