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minicorn
Provider of loans for pre-owned and used vehicles
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SK Finance Key Metrics
- Founded Year
- 1994
- Location
- Jaipur, India
- Company Stage
- Series G
- Total Funding
- $370M
- Latest Funding Round
- $160M, Series G, Sep 13, 2023
- Employee Count
- 10,236 as on Nov 30, 2023 View historical trend
- Valuation
- $947M as on Jan 05, 2024
- Annual Revenue
- $846K as on Mar 31, 2022
- Competitor Rank
- 63rd out of 1170 competitors with a Tracxn Score of 54/100What is this?
- Acquisitions
- SK Finance has not made any acquisitions yet
- Investments
- SK Finance has not made any investments yet
Company profile of SK Finance
What does SK Finance do?
Provider of loans for pre-owned and used vehicles. It offers loans for cars, agriculture, finance, business, and more.
What sectors and market segments does SK Finance operate in?
SK Finance
serves in the
B2C space in the
Financial Services market segments.
The primary business model of SK Finance is:
Financial Services > ********* ** **** ** > ******
Which legal entities is SK Finance associated with?
SK Finance
is associated with
3
legal entit
ies
given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
RKUMAR PREMISES LLP | Jul 12, 2018 | - | - | 405 |
SK FINANCE LIMITED | Aug 04, 2013 | - | - | 516 |
ESS KAY FINCORP LIMITED | Nov 21, 1994 | $82.2M (as on Mar 31, 2020) | $11.1M (as on Mar 31, 2020) | 291 |
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Funding and Investors of SK Finance
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How much funding has SK Finance raised till date?
SK Finance has raised a total funding of $370M over 13 rounds. It's first funding round was on Dec 01, 2008. It's latest funding round was a Series G round on Sep 13, 2023 for $160M. 10 investors participated in it's latest round, lead by Motilal Oswal, Duro Capital, Axis Alternatives, Ananta Capital, Mirae Asset Venture Investments.
List of recent funding rounds of SK Finance
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Sep 13, 2023 | $160M | Series G | 9203634 | 4369686 | Motilal Oswal, Duro Capital, and 8 more |
Dec 23, 2021 | $52.9M | Series F | 2972923 | 1010235 | 360 One, MIT, and 1 more |
May 12, 2021 | $45.8M | Unattributed | 8416897 | 7181230 | TPG, Norwest Venture Partners, and 2 more |
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Who are the investors in SK Finance?
SK Finance has 35 institutional investors including TPG, Norwest Venture Partners and Evolvence India. Norwest Venture Partners is the largest institutional investor in SK Finance. Asha Kothari and 35 others are Angel Investors in SK Finance.
View details of
SK Finance funding rounds and investorsFounders and Board of Directors of SK Finance
Founder? Claim ProfileWho are the CEO, Founders and Directors of SK Finance?
- Rajendra Kumar Setia, Founder & CEO, is a founder of 1 company and on the board of 1 company.
- Shalini Setia, Co-Founder, is a founder of 1 company and on the board of 1 company.
- Akshay Tanna, Nominee Director, is on the board of 9 companies and an Angel investor in 3 companies.
- Amar Lal Daultani, Director, is on the board of 1 company.
- Anand Raghavan, Director, is on the board of 2 companies and the founder of 1 company. 2 email.
How many employees does SK Finance have?
SK Finance has 10,236 employees as of Nov 23. The total employee count is 29.3% more than what it was in Nov 22.
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View details of
SK Finance's Founder profiles and Board MembersCompetitors of SK Finance
Competitive landscape of SK Finance
SK Finance
has a total of
1170 competitors and it
ranks 63 rd
among them.
79 of its competitors are funded while 153 have exited.
Overall,
SK Finance
and its competitors have raised over
$6.62B
in funding across
379
funding rounds involving
1975
investors.
There are 140 public and 13 acquired companies in the entire competition set.
Below is a comparison of top competitors of SK Finance
SK Finance | Kissht | Bajaj Finserv | Muthoot Finance | |
|---|---|---|---|---|
Description | Provider of loans for pre-owned and used vehicles | App-based marketplace offering a line of credit loans to consumers and small businesses | Utility bill payment platform for individuals | Provider of consumer and SME loans |
Founded Year | 1994 | 2015 | 2007 | 1887 |
Location | Jaipur (India) | Mumbai (India) | Pune (India) | Kochi (India) |
Company Stage | Series G | Series E | Public | Public |
Unicorn Rating | Minicorn | Soonicorn | - | - |
Total Funding | $370M | $132M | - | $223M |
Funding Rounds | 13 | 9 | 10 | 6 |
Latest Round | Series G, $160M, Sep 13, 2023 | Series E, $80M, Jun 01, 2022 | Post IPO, $1.06B, Oct 05, 2023 | Conventional Debt, $141M, Sep 26, 2019 |
Investor Count | 71 | 37 | 5 | 14 |
Top Investors | TPG, Norwest Venture Partners& 69others | Vertex Ventures, Innoven Capital& 35others | HDFC, ICICI Bank& 3others | Kotak Mahindra Bank, GIC& 12others |
Tracxn ScoreWhat is this? | 54/100 | 79/100 | 77/100 | 77/100 |
Overall Rank | 63rd | 1st | 2nd | 3rd |
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SK Finance
's competitors? Click
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Latest Shareholding of SK Finance
Who are the current shareholders of SK Finance?
- As of Jan 05, 2024's latest post-round ownership report, Founders hold 33.18% at a net worth of INR 2,610Cr.
- Funds own the majority of SK Finance's shares, accounting for 58.58%, while Founder hold 33.18%, Enterprise hold 3.99%, Other People hold 0.56%, Other Investors hold 0.05% and Angel hold 0.00%.
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of
SK Finance's ShareholdingInvestments and acquisitions by SK Finance
SK Finance
has made no investments or acquisitions yet.
SK Finance Recent News
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•
Duro Capital's acquisition of a minority stake in SK FinanceLexology•Jan 24, 2024•Duro Capital,
SK Finance
•
Ipo-bound Sk Finance Garners ₹1,328 Crore In Fresh Equity From Existing InvestorsLivemint•Jan 23, 2024•SK Finance
, Norwest Venture Partners, TPG, Baring Private Equity Partners and 6 others
•
TPG & Norwest Ventures-backed SK Finance planning $250-$300 million IPO in 2024Moneycontrol•Dec 05, 2023•SK Finance
•
SK Finance Achieves Staggering Financial Results: PAT Increases by 66 per cent and AUM Grows by 50 per centAsian News International•Aug 09, 2023•SK Finance
•
India's SK Finance in talks to raise $122m in fundingNihon Keizai Shimbun•Jul 28, 2023•SK Finance
•
IIFL Wealth, others invest $53 mn in TPG Growth-backed SK FinanceVCCircle•Dec 23, 2021•SK Finance
, IIFL Wealth
•
CredAvenue’s bond platform facilitates Rs 150 cr MLD issuance for SK FinanceFinancial Express•Nov 24, 2021•CredAvenue,
SK Finance
•
Ess Kay Fincorp’s $45 Million Series E Funding RoundGlobal Legal Chronicle•May 26, 2021•SK Finance
•
CredAvenue facilitates INR 86 Crore debt funding for Ess Kay Fincorp from responsAbility managed fundsExpress Computer•Mar 03, 2020•CredAvenue,
SK Finance
, responsAbility
•
TPG Growth, others lead fresh investment in Ess Kay FincorpVCCircle•Nov 26, 2019•TPG, NVP.COM, Evolvence India,
SK Finance
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Frequently asked questions about SK Finance
When was SK Finance founded?
SK Finance
was founded in
1994
Where is SK Finance located?
SK Finance
is located in
Jaipur,
India.
Is SK Finance a public company?
SK Finance
is not a Public company. Its current company stage is
Series G
When was the latest funding round of SK Finance?
SK Finance
's latest funding round was on
Sep 13, 2023
What is the valuation of SK Finance?
SK Finance
's valuation is
$947M
What is the annual revenue of SK Finance?
Annual revenue of
SK Finance
is
$846K
as on
Mar 31, 2022
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