About ANDROMEDA LOANS
ANDROMEDA LOANS is a company based in Mumbai (India) founded in 1991 by V Swaminathan was acquired by Metdist in August 2019. ANDROMEDA LOANS has raised $6.62 million across 2 funding rounds from investors including Deewan Housing Finance Corporation, Murzash Manekshana and Sonali Joshi. The company has 3,831 employees as of April 05, 2024. ANDROMEDA LOANS offers products and services including Loan Distribution and Financial Tools.
- Headquarter Mumbai, India
- Employees 3831 as on 05 Apr, 2024
- Founders V Swaminathan
- Stage Minicorn
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Andromeda Sales & Distribution Private Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$48.26 M (USD)14.13as on Mar 31, 2020
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Net Profit
$1.61 M (USD)353.93as on Mar 31, 2020
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EBITDA
$3.29 M (USD)391.87as on Mar 31, 2020
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Total Equity Funding
$6.62 M (USD)
in 2 rounds
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Latest Funding Round
$6.37 M (USD), Angel Round
Jun 20, 2012
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Investors
Deewan Housing Finance Corporation
& 9 more
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Employee Count
3831
as on Apr 05, 2024
- Acquired by
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Products & Services of ANDROMEDA LOANS
ANDROMEDA LOANS offers a comprehensive portfolio of products and services, including Loan Distribution and Financial Tools.
Loans are distributed through partnerships with banks and NBFCs to facilitate financial access for customers
Tools such as EMI calculators and balance transfer calculators are provided to assist in loan planning and management
People of ANDROMEDA LOANS
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Funding Insights of ANDROMEDA LOANS
ANDROMEDA LOANS has successfully raised a total of $6.62M across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $6.37 million completed in June 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in ANDROMEDA LOANS
ANDROMEDA LOANS has secured backing from 9 investors, including angel and institutional investors. Prominent investors backing the company include Deewan Housing Finance Corporation, Murzash Manekshana and Sonali Joshi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of diversified financial services
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Locked | Locked | Locked | |
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Metdist is a company with limited information available.
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Locked | Locked | Locked | |
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MM
Murzash Manekshana |
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Locked | Locked | Locked |
Investor details for ANDROMEDA LOANS
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Investments & Acquisitions by ANDROMEDA LOANS
Investment portfolio details for ANDROMEDA LOANS
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Financial Statements - ANDROMEDA LOANS
Detailed financials for ANDROMEDA LOANS
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Andromeda Loans Comparisons
Peer comparison for ANDROMEDA LOANS
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Competitors of ANDROMEDA LOANS
Detailed competitors of ANDROMEDA LOANS
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Latest news on Andromeda Loans
Complete news archive for ANDROMEDA LOANS
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Frequently Asked Questions about ANDROMEDA LOANS
ANDROMEDA LOANS was founded in 1991 and raised its 1st funding round 20 years after it was founded.
ANDROMEDA LOANS is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
V Swaminathan is the current CEO of ANDROMEDA LOANS. They have also founded this company.
ANDROMEDA LOANS is a funded company, having raised a total of $6.62M across 2 funding rounds to date.
As of Apr 05, 2024, the latest employee count at ANDROMEDA LOANS is 3,831.
Annual revenue of ANDROMEDA LOANS is $48.26M as on Mar 31, 2020.
Andromeda Loans was founded in 1991 in Mumbai, India, and operates as a credit broker in the financial services sector. Financial products tailored to customer needs are identified and matched. Loan deals are arranged via partnerships with banks. The focus remains on brokerage services within the Indian market, supporting access to suitable credit options.
ANDROMEDA LOANS offers Loan Distribution and Financial Tools.
ANDROMEDA LOANS has 9 investors. Key investors include Deewan Housing Finance Corporation, Murzash Manekshana, Sonali Joshi, Sunil Pophale, and Sunita Ramnathkar.
The valuation of ANDROMEDA LOANS is $8.08M as of Jun 2012.