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§ Private Profile · Bhubaneswar, Orissa, India
NBFC-MFI providing microfinance and allied financial services for underserved low-income women and small businesses in rural India.
Annapurna Finance is a non-banking financial company based in Bhubaneswar, Odisha, India, that provides microcredit, MSME financing, and housing loans to underserved rural populations and joint liability groups. Operating across twenty Indian states, the institution manages approximately $1.1 billion in assets under management and serves more than 2.5 million active clients through a network of over 1,300 branches. The microfinance institution generates revenue through interest and processing fees on its loan products, employing a workforce of up to 12,431 personnel to deliver financial services directly to low-income women and small business owners. The company has raised up to $209 million in total funding from institutional investors including the Asian Development Bank, Nuveen, Proparco, Women's World Banking, and Piramal Alternatives. Annapurna Finance was originally founded in 2009 by Gobinda Chandra Pattanaik and Dibyajyoti Pattanaik.
Annapurna Finance has raised $174.6M across 5 funding rounds.
Annapurna Finance has raised $174.6M in total across 5 funding rounds.
Annapurna Finance has raised $174.6M across 5 funding rounds. Most recently, it raised $71.8M Other Equity in May 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 13, 2024 | $71.8M Venture Round | Kalpesh Kikani | — | Announced |
| Jun 24, 2022 | $15M Series A | Diane Jegam | — | Announced |
| Dec 28, 2021 | $34.7M Venture Round | — | Accion, Encourage Capital, Oikocredit | Announced |
| Mar 31, 2021 | $30M Venture Round | Radhika Shroff | — | Announced |
| Jun 7, 2018 | $23.1M Venture Round | Oman India Joint Investment Fund | — | Announced |
Annapurna Finance has raised $174.6M in total across 5 funding rounds.
Annapurna Finance's investors include Kalpesh Kikani, Diane Jegam, Accion, Encourage Capital, Oikocredit, Radhika Shroff, Oman India Joint Investment Fund.