India · Series D startup

Who invested in Utkarsh Micro Finance

4 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Funding summaryUpdated 26 Oct 2026

$40Mraised across 4 rounds since 2011, from 4 sources

$3.6MSeries B$3.6MVenture$12MDebt$21MSeries D
Latest round
Series D, $21MDec 2014
Step-upi
1.8×
Investors
5
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

201220132014
$3.6MSeries B$3.6MVenture$12MDebt$21MSeries D
First round
Series B, $3.6M
Sept 2011
Biggest round
$21M
Series D · Dec 2014
Usual gap between rounds
12 months
the median of 3

The rounds

  1. Dec 2014
    Series D$21M2 new1 returning

    From a historical funding record

  2. Dec 2013
    Debt$12M

    No investor was named in the report.

    From a historical funding record

  3. Apr 2013
    Venture$3.6M2 new1 returning

    From a historical funding record

  4. Sept 2011
    Series B$3.6M1 new

    From a historical funding record

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

Missing a round, or an investor who was in one? Tell us.

Quick answers about Utkarsh Micro Finance

Who invested in Utkarsh Micro Finance?

Utkarsh Micro Finance's investors include Norwegian Microfinance Initiative, International Finance Corporation, Lok Capital, Aavishkaar Venture Management services and Aavishkaar Goodwell.

How much has Utkarsh Micro Finance raised?

Utkarsh Micro Finance has raised $40M across 4 rounds since 2011.

When did Utkarsh Micro Finance last raise?

Utkarsh Micro Finance's most recent round was a Series D of $21M in Dec 2014.

What was Utkarsh Micro Finance's biggest round?

Its most recent round, $21M in Dec 2014, is also its largest on record.

Who backed Utkarsh Micro Finance first?

Utkarsh Micro Finance's first round on record, in Sept 2011, was backed by Norwegian Microfinance Initiative.

What stage is Utkarsh Micro Finance at?

Utkarsh Micro Finance's latest named round is a Series D, in Dec 2014.

Where is Utkarsh Micro Finance based?

Utkarsh Micro Finance is based in India.

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