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.
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 |
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