Sidbi secures $1 billion IFC funding for MSME long-term credit. $500 million already released to support small businesses.
Amount Raised
$1 Billion
Round Type
Venture
IndiaFinancial ServicesFinanceVenture CapitalLendingBankingInvestors
Description
India's Small Industries Development Bank of India (Sidbi) has secured $1 billion in funding from the International Finance Corporation (IFC) to provide long-term credit to micro, small and medium enterprises (MSMEs). The IFC has already released $500 million from its own resources, with the remaining $500 million to be arranged through a syndicate. This facility offers long-term loans of up to seven years for machinery acquisition, modernisation, expansion and project funding. The credit has been swapped into INR using the Reserve Bank of India's special swap window.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Small Industries Development Bank of India that raised within 45 days of this round, from Fundz verified event records.
- ScribeUp raised $13M (Series A) on October 20, 2026.
- Medallion Financial raised $11M (Funding Round) on October 16, 2026.
- EFY Finance raised an undisclosed amount (Seed) on October 13, 2026.
- Cloud9 raised $500K (Pre-Seed) on October 7, 2026.
- Neurofin raised $1.6M (Seed) on October 5, 2026.
- NexBank Capital raised $150M on October 1, 2026.
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