Annapurna Finance funding, investors and company details

Annapurna Finance is an emerging Banking and Finance startup from Bhubaneswar, working in the space of NBFC-MFI providing microfinance loans to underserved rural and low-income households. Founded by Gobinda Chandra Pattanaik..

Company: Annapurna Finance Private Limited
Sector: Banking and Finance
Location: Bhubaneswar
Founders: Gobinda Chandra Pattanaik.
Total funding raised: ₹1,655.2 Cr

Company overview

Annapurna Finance is a leading NBFC-MFI providing microfinance loans to underserved rural and low-income households, primarily women, across India. It offers products like group loans for income generation, MSME business loans, housing loans, emergency JIT loans, and specialized financing for sanitation, solar, and disabled entrepreneurs. With over 1,000 branches serving millions of clients, the company drives financial inclusion, poverty alleviation, and economic empowerment through doorstep services and skill-building programs.

Funding rounds

Latest round: $ 109.50 Mn (₹936.77 Cr.), 2024-12-05. Investors: Standard Chartered Bank (SCB)
Past round: ₹600.00 Cr. ($ 71.93 Mn), 2024-05-14. Investors: Piramal Alternatives
Past round: $ 15.00 Mn (₹118.43 Cr.), 2022-06-24. Investors: Proparco