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
***********
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Phone
*********
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Website
*********
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Social
*********
- 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
Unlock access to complete
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 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Angel Round — $6.4M
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First Round
First Round
(24 Oct 2011)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2012 | Amount | Angel Round - ANDROMEDA LOANS | Valuation |
investors |
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| Oct, 2011 | Amount | Angel Round - ANDROMEDA LOANS | Valuation | Ketan Gogri , Yograj Bhandari |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of diversified financial services
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Founded Year | Domain | Location | |
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Metdist is a company with limited information available.
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Founded Year | Domain | Location | |
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MM
Murzash Manekshana |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ANDROMEDA LOANS
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ANDROMEDA LOANS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Andromeda Loans Comparisons
Competitors of ANDROMEDA LOANS
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Andromeda Loans
Frequently Asked Questions about ANDROMEDA LOANS
When was ANDROMEDA LOANS founded?
ANDROMEDA LOANS was founded in 1991 and raised its 1st funding round 20 years after it was founded.
Where is ANDROMEDA LOANS located?
ANDROMEDA LOANS is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of ANDROMEDA LOANS?
V Swaminathan is the current CEO of ANDROMEDA LOANS. They have also founded this company.
Is ANDROMEDA LOANS a funded company?
ANDROMEDA LOANS is a funded company, having raised a total of $6.62M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $255.3K, raised on Oct 24, 2011.
How many employees does ANDROMEDA LOANS have?
As of Apr 05, 2024, the latest employee count at ANDROMEDA LOANS is 3,831.
What is the annual revenue of ANDROMEDA LOANS?
Annual revenue of ANDROMEDA LOANS is $48.26M as on Mar 31, 2020.
What does ANDROMEDA LOANS do?
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.
What products or services does ANDROMEDA LOANS offer?
ANDROMEDA LOANS offers Loan Distribution and Financial Tools.
Who are ANDROMEDA LOANS's investors?
ANDROMEDA LOANS has 9 investors. Key investors include Deewan Housing Finance Corporation, Murzash Manekshana, Sonali Joshi, Sunil Pophale, and Sunita Ramnathkar.
What is ANDROMEDA LOANS's valuation?
The valuation of ANDROMEDA LOANS is $8.08M as of Jun 2012.
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