Annapurna Finance
PrivateLast Round
Debt
Dec 5, 2024
Est. Valuation
$364.75M
Total Funding Raised
$268.7M
Company Overview
Annapurna Finance Private Limited (AFPL) is a non-banking financial company (NBFC-MFI) in India, headquartered in Bhubaneswar, Odisha. Founded in 2009, the company originated from the microfinance activities of a non-profit NGO, People's Forum, which started in 2005. Annapurna's primary mission is to provide financial services to the economically weaker sections of society, particularly women in rural and semi-urban areas, to foster economic empowerment and financial inclusion. The company offers a diverse range of credit products, including loans for income generation, agriculture, MSMEs, housing improvement, and clean energy solutions like solar panels. It operates on a group lending model and has expanded its operations across 20 states in India with over 980 branches, serving more than 2.3 million clients. The company is registered with the Reserve Bank of India (RBI) as an NBFC-MFI.
Sector
FinTech
Verticals
Lending & Credit, Real Estate Finance, InsurTech
Business Model
B2C
Customer Profile
Payment Processing Fee
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Annapurna Finance Comps
Public and private peers based on sector, stage, and business model.
Annapurna Finance Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Debt | Dec 5, 2024 | ||||
| Secondary | May 13, 2024 | ||||
| Series A Extension | Jun 24, 2022 | ||||
| Early Funding | Dec 28, 2021 | ||||
| Early Funding | Nov 25, 2021 | ||||
Early Funding | Mar 30, 2021 |
Key People
Founding team and executive leadership
Annapurna Finance Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Piramal Alternatives | Secondary |
| Proparco | Series A Extension |
| Oman India Joint Investment Fund | Early Funding |
| Encourage Capital | Early Funding |
| KFW DEG | Early Funding |
| Accion | Early Funding |
| Nuveen Global Impact Fund | Early Funding |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 29, 2026
Partnered with Euler Motors for electric vehicle financing.
Annapurna Finance Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Annapurna Finance's valuation, stock price, and market status.
