Annapurna Microfinace

Empowering underserved women with financial and technical support to foster entrepreneurial growth and bring economic upliftment to their communities.

General Information
Company Name
Annapurna Microfinace
Founded Year
2009
Location (Offices)
+1
Founders / Decision Makers
Number of Employees
1
Industries
Finance, Financial Services, Fintech +1
Funding Stage
Debt Financing
Social Media

Annapurna Microfinace - Company Profile

Annapurna Microfinance, headquartered in Bhubaneswar, India, focuses on empowering underserved and unreached women through financial and economic support. The company's mission is to expand microfinance operations in areas untouched by the formal financial system, providing livelihood support to poor households. Since its founding in 2009, Annapurna Finance has aimed to enhance entrepreneurial skills by offering both financial and technical assistance to facilitate effective business activities. The company's objective is to integrate economically disadvantaged clients into the mainstream economy by delivering tailored financial services. In May 2024, Annapurna Microfinance received a Debt Financing investment of INR6.00 billion from Piramal Alternatives. The company operates within the Finance, Financial Services, Fintech, and Banking industries, striving to bring economic upliftment to underserved communities.

Taxonomy: Microfinance, Women empowerment, Financial inclusion, Entrepreneurship support, Economic upliftment, Underserved communities, Livelihood support, Financial services, Technical assistance, Entrepreneurial growth, Poverty alleviation, Community development, Rural finance, Financial empowerment, Financial inclusion

Funding Rounds & Investors of Annapurna Microfinace (14)

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Funding Stage Amount No. Investors Investors Date
Debt Financing INR6.00B 1 Piramal Alternatives 13 May 2024
Secondary Market Unknown - 13 May 2024
Series A $15.00M 1 24 Jun 2022
Private Equity Round INR2.60B 3 Accion 28 Dec 2021
Private Equity Round INR1.50B 1 25 Nov 2021

View All 14 Funding Rounds

Latest News of Annapurna Microfinace

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No recent news or press coverage available for Annapurna Microfinace.

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