Tech Company Financing Transactions
Annapurna Finance Funding Round
Piramal Alternatives joined a $75 million funding round for Annapurna Finance. This venture round was announced on 5/13/2024.
Transaction Overview
Company Name
Announced On
5/13/2024
Transaction Type
Venture Equity
Amount
$75,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The strategic investment will drive the company's AUM growth, support market expansion and reinforce its position as a player in the microfinance segment management.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
1215/1401, Khandagiri Bari, Opposite Jayadev Vatika, Khandag
Bhubaneswar, 751030
India
Bhubaneswar, 751030
India
Phone
Website
Email Address
Overview
Annapurna Finance Pvt. Ltd (AFPL) was established in 2009 and is now among the top ten NBFC-MFIs in the country. It has its roots as a part of a non-profit entity, People's Forum, an NGO dedicated to the development and welfare of unserved sections of society. Microfinance activities began with the inception of Mission Annapurna under People's Forum in 2005. The initiative aimed to reach the interior unserved areas of Odisha, addressing the economic necessities of poor women through door-to-door visits.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Financial Officer
Satyajit Das
Chief Operating Officer
Sanjay Pattanaik
Founder
Dibyajyoti Pattanaik
Founder
Gobinda Pattanaik
VP - Bus. Development
Sanjay Singh
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