Reports Nearly 30% Q-o-Q Growth
National, July 30th, 2024: The first quarter of the financial year 2025 (Q1FY25) financial results for supply chain finance platform SaralSCF were released. The results showed strong growth across key performance measures. During this time, the company paid out nearly ₹270 crore on 30K invoices. In comparison to Q4FY24, this signifies a noteworthy rise in disbursements from quarter to quarter (QoQ) of around 30%. SaralSCF experienced a 30% YoY growth in its assets under management (AUM).
Key highlights:
- Disbursements: Over ₹270Cr, up nearly 30% from Q4FY24
- Invoices processed: 30K
- AUM: 30%+ YoY growth
- New borrowers: 437
SaralSCF announced significant gains in the risk distribution and performance of its portfolio, which it attributed to the acquisition of highly regarded and openly traded anchor partners. In Q1FY25, the company brought on new anchor partners from a variety of industries, including FMCG, automotive (with an emphasis on electric vehicles), and defense, greatly broadening its clientele and market reach. It also introduced 437 new borrowers into its network. The Company’s geographic reach expanded significantly, and it currently encompasses almost 500 locations nationwide.
A BlackSoil Group endeavor, SaralSCF is a B2B supply chain finance platform for micro-enterprises, financial institutions, and SMEs. Saral Pay Later, Saral Vendor Finance, and Saral Supply Chain Credit are its three primary product offerings. The platform serves the whole supply chain, from manufacturers to retailers, by offering tech-enabled solutions for payable and receivable management. In addition to providing in-house services to BlackSoil Capital, SaralSCF intends to onboard more financial institutions and supply working capital to a wide range of borrowers and industries.
“The Q1FY25 results demonstrate our commitment to empowering SMEs and micro-entrepreneurs across India,” said SaralSCF President Gaurav Bagrodia. As we broaden our network and impact, we are committed to closing the funding gap and promoting equitable growth made possible by tech-enabled customized solutions.
In India’s supply chain finance market, SaralSCF wants to maintain its current growth trajectory and establish itself as a major partner for banks, SMEs, and micro-entrepreneurs.
About SaralSCF: SaralSCF (Saraloan Technologies Pvt. Ltd.), a fully owned subsidiary of Blacksoil Capital, was established in 2021. It is a B2B platform that offers specialized technology solutions to meet supply chain finance needs to SMEs, FIs, and micro-entrepreneurs. It has paid out approximately ₹2,350 crore and onboarded 125 anchor partners thus far.
