# Annapurna Finance (P)

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/annapurna-finance-p

- Industry: Financial Services
- Headquarters: Bhubaneswar, India
- Website: www.annapurnafinance.in
- Total disclosed funding: $26M
- Latest round: Series A (Jun 24, 2022)
- Investors on record: 4

## About

Annapurna Finance (P) Ltd, based in India, specializes in providing comprehensive financial services aimed at empowering underserved populations, particularly in rural and semi-urban areas.Annapurna Finance (P) Ltd operates in the financial services sector, focusing on providing micro-loans and other financial products to economically weaker sections of society. Founded in 2009 and headquartered in Bhubaneswar, India, the company has undergone strategic refinements to enhance its service offerings. The current CEO is Sanjay Sunadham. The company has completed 19 deals to date, demonstrating its active engagement in the financial market.Annapurna Finance Pvt. Ltd specializes in offering a wide array of financial products, including micro-loans, housing loans, income generation loans, and business loans tailored for micro, small, and medium enterprises (MSMEs). These offerings aim to address critical financial needs, facilitating access to resources for underserved populations, including women and micro-entrepreneurs, primarily in Odisha, Madhya Pradesh, and Chhattisgarh, where traditional financial services are limited.In the fiscal year 2024, Annapurna Finance reported a revenue of INR 248,799,484.90, with an EBITDA of INR 61,388,393.90. The company generates income mainly through interest on its loan products, structured for client affordability while ensuring operational sustainability. This revenue model, supported by client repayments, enables Annapurna Finance to maintain its growth trajectory and expand its service reach.

## Funding rounds

- Series A, Jun 24, 2022, $15M — Proparco
- Series C, Apr 8, 2015, $4M — SIDBI Venture Capital
- Series B, Mar 26, 2014, $5M — Incofin Investment Management, BIO Invest
- Series A, Jun 29, 2012, $2.4M — Incofin Investment Management

## Investors

- Incofin Investment Management (https://capitalatlas.ai/funds/incofin-investment-management) — Series A, Series B
- BIO Invest — Series B
- SIDBI Venture Capital (https://capitalatlas.ai/funds/sidbi-venture-capital) — Series C
- Proparco (https://capitalatlas.ai/funds/proparco) — Series A