Shivalik Small Finance Bank raises ₹100 crore ($13.5M) in equity funding led by Lightspeed and Sorin Investments, with participation from Accel and Quona.
Shivalik Small Finance Bank raises ₹100 crore ($13.5M) in equity funding led by Lightspeed and Sorin Investments, with participation from existing investors Accel and Quona. The bank plans to enhance its technology, strengthen its team, and develop products for small businesses and underserved segments. This investment will help accelerate growth, leveraging digital banking adoption and providing inclusive banking solutions.
June 18, 2024
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