India’s Five Star Business Finance bags $234m in a round led by Sequoia; raises valuation to $1.4b

Five Star is an Indian lending firm for small businesses


Faith Baltazar

28 Mar, 2021

India’s Five Star Business Finance bags $234m in a round led by Sequoia; raises valuation to $1.4b | BEAMSTART News

Indian non-banking finance company and lending firm Five Star Business Finance has secured an amount of $234 million in a financing round led by Sequoia Capital.

After the recent funding, Five Star’s valuation has increased to $1.4 billion; the funds raised in the recent round will be used for the firm’s expansion.

According to Five Star, they will be working on strengthening their lending business in order to further provide finances for small businesses across India.

It is also worth noting that the lending firm’s assets rose to $555.3 million in December last year, with a 1.29% gross non-performing assets.

Existing investors of Five Star participated in the round

Along with venture capital firm Sequoia Capital, other existing investors of Five Star including Northwest Venture Partners, KKR, and TVS Capital, participated in the recent funding

Five Star’s investment will be done through a ‘combination of primary infusion and secondary shares’ sold by Morgan Stanley Private Equity, an established investor of the firm.

Morgan Stanley Private Equity Firm 

Five Star funds businesses via collateralized loans

After assessing the borrower’s business loan amount and total household cash flow, the firm provides collateralized loans.

According to the D Lakshmipathy, Chairman and Managing Director of Fivestar, their company fund small-scale startups through “grassroot efforts without compromising on the pillars of asset quality and profitability that are needed to build a sustainable institution of scale,” said D Lakshmipathy, the company’s chairman and managing director.

Latest Jobs

Chief Executive Officer

Healthuno Healthcare India

Chennai, India (इंडिया)

Full Time

Salary Undisclosed

React Native Developer

SegWitz Sdn. Bhd.

Bandar Puteri Puchong, Malaysia

Full Time

MYR 4000 monthly

Affiliate Marketing Manager

Binance

Singapore

Full Time

SGD 2000 — SGD 2500 monthly

Senior Analyst, Product

Carsome

Petaling Jaya, Singapore

Full Time

Salary Undisclosed

Strategy and Growth Lead

Pluang

Jakarta, Indonesia

Full Time

Salary Undisclosed

3D Creative Designer

Nervape

Singapore , Singapore

Full Time

USD 4000 — USD 7000 monthly

Business Development Manager

Tourplus

Kuala Lumpur, Malaysia

Full Time

MYR 10000 — MYR 30000 monthly

Business Development Intern

BEAMSTART

Damansara Uptown, Malaysia

Internship

MYR 400 — MYR 500 monthly

HR Consultant/Recruiter

Fortune Cookie Wisdom Pte Ltd

Remote, Singapore

Contract / Freelance

Salary Undisclosed

Business Development Manager

Lumirous

Kuala Lumpur, Malaysia

Full Time

Salary Undisclosed

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).