Microfinance institution Sindhuja Microcredit has raised $5 million (Rs 47 crore) in a pre-Series D funding round. In another development, Flo Mobility has raised $2.5 million in a pre-Series A funding round co-led by Mela Ventures and Arali Ventures.
Sindhuja Microcredit secures $5m funding
Sindhuja Microcredit, a digital and rural-focused microfinance institution (MFI) that provides financial services to self-employed women entrepreneurs, has raised $5 million (Rs 47 crore) in a pre-Series D funding round.
Existing investors Abler Nordic, GAWA Capital through its Huruma Fund, and Oikocredit participated in the round.
The company said the funds will be used to strengthen its capital base, support business expansion, and improve access to credit for underserved communities.
Sindhuja Microcredit, over its eight years of operations, has provided microloans to more than 500,000 self-employed women and micro-entrepreneurs across 12 states in northern, eastern, southern, and western India. The company currently operates 366 branches and has assets under management (AUM) of over Rs 1,100 crore ($115.4 million).
“We are making significant progress in our mission to touch the lives of low-income women borrowers from under-served 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,” said Abhisheka Kumar and Malkit Singh Didyala, co-founders, Sindhuja Microcredit.
Flo Mobility raises $2.5m
Bengaluru-based construction robotics startup Flo Mobility has raised $2.5 million in a pre-Series A funding round co-led by Mela Ventures and Arali Ventures.
The funding proceeds will be used to scale manufacturing, advance its vertical AI and autonomy stack, accelerate deployments across India, and expand into international markets.
Founded in 2012 by Manesh Jain and Pratik Patel, Flo Mobility is building a vertically integrated robotics platform for the construction industry, combining proprietary hardware, AI models and autonomy software.
