Annapurna Finance
NBFC-MFI headquartered in Bhubaneswar, Odisha, offering microcredit (group and individual), MSME, housing/home-improvement and green-energy finance loans, with a focus on rural women borrowers.
Annapurna Finance: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 18 Feb 2026 | Debt | $100 Mn | Standard Chartered Bank | source |
| 5 Dec 2024 | Debt | $109.5 Mn | Standard Chartered Bank | source |
| 13 May 2024 | Growth Equity | $75 Mn | Piramal Alternatives | source |
| 24 Jun 2022 | Series A2 | $15 Mn | Proparco | source |
| 24 Dec 2021 | Undisclosed | $35 Mn | Accion Encourage Capital Oikocredit | source |
| Nov 2021 ~ | Undisclosed | $20 Mn | DEG | source |
| Mar 2021 ~ | Undisclosed | $30 Mn | Nuveen Global Impact Fund | source |
| Feb 2019 ~ | Equity | ₹137 Cr | Asian Development Bank | source |
| 6 Jun 2018 | Equity | ₹155 Cr | Oman India Joint Investment Fund | source |
| 20 Jul 2017 | Equity | ₹61 Cr | Bamboo Capital Partners BIO Oikocredit | source |
| 3 Mar 2016 | Equity | ₹9.99 Cr | DCB Bank | source |
| 2014 ~ | Equity | €3.46 Mn | BIO | source |
Recent Signals
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23 Apr 2026 · financial
CareEdge reaffirms Annapurna Finance's CARE A-/Stable rating but flags weakened asset quality and a covenant breach source -
6 Jun 2025 · regulatory
RBI rejects Annapurna Finance's application to set up a universal bank source -
7 Feb 2019 · ma-strategic
Incofin and SIDBI Venture Capital's Samriddhi fund exit Annapurna Microfinance via secondary sale to existing investors source
News on Annapurna Finance
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Who founded Annapurna Finance?
Annapurna Finance was founded by Gobinda Chandra Pattanaik, Dibyajyoti Pattanaik in 2009.
How much funding has Annapurna Finance raised?
Annapurna Finance has raised $442.3 Mn across 12 tracked funding round(s), most recently on 2026-02-18. Figures are compiled from cited public sources.
Who are the investors in Annapurna Finance?
Investors in Annapurna Finance include Standard Chartered Bank, Piramal Alternatives.
What does Annapurna Finance do?
NBFC-MFI headquartered in Bhubaneswar, Odisha, offering microcredit (group and individual), MSME, housing/home-improvement and green-energy finance loans, with a focus on rural women borrowers.
Where is Annapurna Finance headquartered?
Annapurna Finance is headquartered in Bhubaneswar, Odisha, India.
What is Annapurna Finance's business model?
Annapurna Finance's core value proposition centers on Need-based financial services at the doorstep, Financial inclusion at scale.
How does Annapurna Finance make money?
Annapurna Finance's cited revenue streams include Microcredit, MSME, housing and agricultural loan products, Green / clean-energy financing.