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§ Private Profile · Pune, Maharashtra, India
NBFC offers secured loans to MSMEs in India for machinery, property, working capital, and solar loans.
Electronica Finance Limited is a non-banking finance company based in Pune, India, that provides secured lending products to micro, small, and medium enterprises. The firm specializes in financing for machinery purchases, industrial property loans, working capital, and commercial rooftop solar panels to address the domestic credit gap. Operating with assets under management exceeding $480 million and a projected compound annual growth rate of 35 percent, the institution currently supports approximately 43,000 borrowers and has facilitated the creation of 1,878 direct jobs. The enterprise recently secured $48 million in Series B funding led by prominent institutional investors LeapFrog Investments and Aavishkaar Capital, operating under the executive leadership of CEO Shilpa Pophale alongside independent director Smita Sandhane. Electronica Finance Limited was originally founded in 1990 by S.R. Pophale and a group of first-generation technocrats.
Electronica Finance has raised $62.0M across 2 funding rounds.
Electronica Finance has raised $62.0M in total across 2 funding rounds.
Electronica Finance has raised $62.0M across 2 funding rounds. Most recently, it raised $48.0M Series B in April 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 6, 2024 | $48M Series B | Anurag Agrawal, Stewart Langdon | — | Announced |
| Dec 4, 2019 | $14M Venture Round | Encourage Capital | — | Announced |
Electronica Finance has raised $62.0M in total across 2 funding rounds.
Electronica Finance's investors include Anurag Agrawal, Stewart Langdon, Encourage Capital.