Financial services startup Kaleidofin raises $5.3 million from IDH Farmfit Fund

Here’s a structured overview of the relevant information about Kaleidofin:

Company Overview

• Startup Name: Kaleidofin
• Founded: 2017
• Founders:
  • Sucharita Mukherjee
  • Puneet Gupta
• Headquarters: Chennai, India
• Focus: Tailored financial solutions for low-income, underbanked customers and businesses in the informal economy.

Funding Information

1. Funding Round: Recent funding (September 2024)

   • Amount Raised: $13.8 million
   • Lead Investor: Rabo Partnerships
   • Other Participating Investors:
     • Michael & Susan Dell Foundation
     • Omidyar Network India
     • Flourish Ventures
2. Previous Funding:
   • Amount Raised: $5.3 million
   • Investor: IDH Farmfit Fund

Purpose of Funds

• Scale up lending portfolio
• Expand credit scoring, middleware, and risk services
• Develop specialized financial products for underserved agricultural communities

Additional Information

• Total Equity Capital Raised: $42 million
• Impact: Claims to have enabled over $4.5 billion in debt capital for over 7 million users, primarily informal workers, women entrepreneurs, and small enterprises.

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2025-05-02 13:56:00