SIDBI funding, investors and company details

SIDBI is an emerging Financial Services - Fintech - Lending startup from Lucknow, working in the space of Financial services and MSME financing. Founded by Government of India.

Company: Small Industries Development Bank of India (SIDBI)
Sector: Financial Services - Fintech - Lending
Location: Lucknow
Founders: Government of India
Total funding raised: ₹204.21 Cr

Company overview

Small Industries Development Bank of India (SIDBI) is India’s principal financial institution dedicated to the promotion, financing, and development of the Micro, Small and Medium Enterprises (MSME) sector. Established under the Small Industries Development Bank of India Act, 1989, its core mandate is to strengthen and support small-scale industries while coordinating the functions of other institutions engaged in MSME financing and development. SIDBI provides direct finance such as term loans, working capital, and project finance to MSMEs, and indirect finance by refinancing banks, NBFCs, and other financial institutions that lend to small businesses. It also promotes entrepreneurship through credit guarantee schemes, venture capital assistance, cluster development programs, and startup funding initiatives. The bank plays a developmental role by supporting innovation, sustainability, digital transformation, and financial inclusion in the MSME ecosystem. Additionally, SIDBI partners with state governments, multilateral agencies, and private institutions to implement policy-driven growth programs. Overall, its business model combines development banking with financial intermediation to strengthen India’s MSME backbone and drive inclusive economic growth.

Funding rounds

Latest round: $ 24.50 Mn (₹204.21 Cr.), 2024-03-13. Investors: Green Climate Fund (GCF), Avaana Sustainability Fund (ASF)