Sindhuja Microcredit raises $5 million in pre-Series D funding
11 May 2026, 03:42 PMThe company raised the capital from existing investors Abler Nordic, GAWA Capital through its Huruma Fund, and Oikocredit.
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NBFC-MFI Sindhuja Microcredit has raised $5 million (Rs 47 crore) in a pre-Series D funding round from existing investors Abler Nordic, GAWA Capital through its Huruma Fund, and Oikocredit.
Abler Nordic invested more than half of the capital with Rs 28 crore, media reports said.
The Noida-based startup will use the fresh capital to strengthen its capital base, expand its lending operations, and improve access to credit for underserved communities, including women entrepreneurs and MSMEs.
Sindhuja Microcredit was founded in 2018 by Abhisheka Kumar and Malkit Singh Didyala, is a new-generation digital and rural-focused microfinance institution (MFI) registered with the Reserve Bank of India as an NBFC-MFI. The company provides financial services including joint liability group (JLG) loans and individual lending products to self-employed women entrepreneurs, traders, shopkeepers, and farmers in rural and semi-urban markets.
It claims to have served more than 5 lakh borrowers across 12 states over eight years, currently operating 366 branches with assets under management of over Rs 1,100 crore.
Sindhuja Microcredit previously raised a Series C round in 2024, led by GAWA Capital's Huruma Fund with participation from Oikocredit. Prior to that, the company had raised a pre-Series C round in 2023 led by Abler Nordic, Series B funding during Covid-19, and its Series A from Carpediem Capital.
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