Microfinance

Reliance ventures invests in Gradatim – A Microfinance Technology Startup

Reliance Ventures has invested between 30-40 Crore(US$ 7- 9 million approx) in Gradatim (http://gradatim.co.in) market sources have revealed.The company and the venture capital fund both refused to  disclose the exact amount invested or stake acquired.

Gradatim is a microfinance tech startup and a pioneer in the Business Process Utility (BPU) space and delivers evolutionary on demand business process utilities to customers across industries for micro finance, micro insurance,micro payments and micro pensions.

One of Gradatim’e product is MFResolve which is an on-demand, modular product for the Micro-finance industry and is based on the ‘pay as you use’ functionality.

Gradatim had previously raised US$3M from NEA-IndoUS ventures and is headquarted in Bangalore.Recently it expanded to Australia and Dubai.

GRA-DA-TIM pronounced as grey-dey-tim is a Latin word meaning “step-by-step”, “gradually” or “by degrees”. Gradatim’s objective is to reduce the cost of computing, increase reliability and flexibility by transforming the way people use technology and third party outsourcing partnerships.

Abhay N

Author : 

Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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5 Comments

5 Comments

  1. shyamal ray chowdhury

    June 17, 2010 at 9:46 pm

    Dear Sir / Madam,
    We have an NGO (Govt. Regd. In 2003) named BARASAT ANWESHAN in Kolkata, West Bengal in India & we are working mainly for poor helpless children & women in our society. For this purpose we bought land & established Schools, Orphanage ,Training centre, Medical health care centre , Old age home, SHGs (Micro Finance ), various types of Awareness Camps etc.

    We got 12AA, 80 G (5) (vi), FCRA etc. Registration from India Govt.

    We want to get grant/ fund/ donation/ loan etc from you. Please help us as soon as possible.

    Thanking you
    Yours Faithfully
    Shyamal Ray Chowdhury
    Secretary
    BARASAT ANWESHAN
    barasatanweshan@yahoo.com

  2. Pankaj rathore

    June 26, 2010 at 6:33 pm

    Dear sir
    I am branch manager in sks micro finance in dhar .and MBA in Finance to Join in your company .

    Thanking you
    Pankaj Rathore

  3. DIPAK BARMAN

    July 7, 2010 at 12:11 am

    Respected
    Sir/Madam
    I am Dipak Barman, Still now I have worked in L&T Micro Finance Ltd. as a Associate (GARIA, KOLKATA). My Educational Qualification B.COM (Honours) .
    My job responsibilities :
    File Processing
    Carry out my responsibilities related to marketing activities with care and honesty
    Ready my product knowledge as many times as possible etc.

    Yours Faithfully
    Dipak Barman

  4. DIPAK BARMAN

    July 7, 2010 at 12:41 am

    Respected
    Sir/Madam
    I am Dipak Barman, Still now I have worked in L&T Micro Finance Ltd. as a Associate (GARIA, KOLKATA). My Educational Qualification B.COM (Honours) .
    My job responsibilities :
    File Processing
    Carry out my responsibilities related to marketing activities with care and honesty
    Ready my product knowledge as many times as possible etc.

    Yours Faithfully
    Dipak Barman

  5. shyamal ray chowdhury

    July 7, 2010 at 12:46 am

    Dear Sir / Madam,
    We have an NGO (Govt. Regd. In 2003) named BARASAT ANWESHAN in Kolkata, West Bengal in India & we are working mainly for poor helpless children & women in our society. For this purpose we bought land & established Schools, Orphanage ,Training centre, Medical health care centre , Old age home, SHGs (Micro Finance ), various types of Awareness Camps etc.

    We got 12AA, 80 G (5) (vi), FCRA etc. Registration from India Govt.

    We want to get grant/ fund/ donation/ loan etc from you. Please help us as soon as possible.

    Thanking you
    Yours Faithfully
    Shyamal Ray Chowdhury
    Secretary
    BARASAT ANWESHAN
    barasatanweshan@yahoo.com

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