Chaitanya Rural Intermediation Development Services (CRIDS) Acquired
Bengaluru-based NBFC-MFI (non-banking finance company) providing rural, underbanked households access to credit, primarily via joint-liability microfinance group loans issued through its wholly-owned operating subsidiary Chaitanya India Fin Credit (CIFCPL), plus two-wheeler, housing, small-business and education loans, across Karnataka, Bihar, Jharkhand, Maharashtra and Uttar Pradesh. Flipkart co-founder Sachin Bansal acquired a 94% stake for ₹739 Cr (~$104 Mn) in September 2019…
Chaitanya Rural Intermediation Development Services (CRIDS): Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 6 Aug 2016 | Series C | $7 Mn | Equator Capital Partners ShoreCap II | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 8 Aug 2023 | Svatantra Microfin | Chaitanya Rural Intermediation Development Services (CRIDS) | ₹1,479 Cr | source |
| 25 Sep 2019 | Navi Technologies | Chaitanya Rural Intermediation Development Services (CRIDS) | ₹739 Cr ($104 Mn) | source |
News on Chaitanya Rural Intermediation Development Services (CRIDS)
No coverage of Chaitanya Rural Intermediation Development Services (CRIDS) linked yet.
L Litmus · by Lapaas
Got an idea like this one? Validate it with the same 9-block framework, free.
Start Free ValidationFAQs on Chaitanya Rural Intermediation Development Services (CRIDS)
Who founded Chaitanya Rural Intermediation Development Services (CRIDS)?
Chaitanya Rural Intermediation Development Services (CRIDS) was founded by Anand Rao, Samit Shetty in 2009.
How much funding has Chaitanya Rural Intermediation Development Services (CRIDS) raised?
Chaitanya Rural Intermediation Development Services (CRIDS) has raised $7 Mn across 1 tracked funding round(s), most recently on 2016-08-06. Figures are compiled from cited public sources.
Who are the investors in Chaitanya Rural Intermediation Development Services (CRIDS)?
Investors in Chaitanya Rural Intermediation Development Services (CRIDS) include Equator Capital Partners, ShoreCap II.
What does Chaitanya Rural Intermediation Development Services (CRIDS) do?
Bengaluru-based NBFC-MFI (non-banking finance company) providing rural, underbanked households access to credit, primarily via joint-liability microfinance group loans issued through its wholly-owned operating subsidiary Chaitanya India Fin Credit (CIFCPL), plus two-wheeler, housing, small-business and education loans, across Karnataka, Bihar, Jharkhand, Maharashtra and Uttar Pradesh. Flipkart…
Where is Chaitanya Rural Intermediation Development Services (CRIDS) headquartered?
Chaitanya Rural Intermediation Development Services (CRIDS) is headquartered in Bengaluru, Karnataka, India.
What is Chaitanya Rural Intermediation Development Services (CRIDS)'s business model?
Chaitanya Rural Intermediation Development Services (CRIDS)'s core value proposition centers on Access to credit for the financially excluded, Diversified lending beyond microfinance.
How does Chaitanya Rural Intermediation Development Services (CRIDS) make money?
Chaitanya Rural Intermediation Development Services (CRIDS)'s cited revenue streams include Joint-liability group microfinance loans, Two-wheeler, housing, small business & education loans.