Shivalik

India's first urban co-op bank to become a Small Finance Bank

Saharanpur, India · Founded 1998 · $24.6M raised

Employees
501–1000
Founded
1998
Business Model
B2C
Total Funding
$24.6M
Last Round
$11.3M Venture RoundJan 2025
Rounds
2

About

Shivalik Small Finance Bank commenced SFB operations April 26, 2021, having roots to 1998 as Shivalik Mercantile Co-operative Bank in Saharanpur. Brings 25+ years retail banking experience serving individuals and small businesses. Offers savings accounts, current accounts, loans, digital banking for underserved segments.

Summary

Shivalik is a Banking company based in Saharanpur, India, founded in 1998. It has raised $24.6M in total across 2 rounds, most recently a $11.3M Venture Round round in Jan 2025. Investors include SMBC Asia Rising Fund, Accel and Quona Capital.

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Funding History

Venture RoundVenture RoundJan 2025
$11.3M

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Full funding history, per-round amounts, and investor participation.

Investors

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