About Avanti Finance
Avanti Finance is a Financial Services company based in Bengaluru (India) founded in 2016. Avanti Finance is focused on providing affordable financial services. It operates on a FinTech and Platform Play model. Avanti Finance has raised $79.74 million across 6 funding rounds from investors including Rabobank, Gates Foundation and Nomura. The company has 87 employees. Avanti Finance was last valued at $115.93 million in December 2022. Its chief executive, as recorded, is Rahul Gupta. Its Indian entity Avanti Finance Private Limited reported revenue of ₹252 Cr. Avanti Finance offers products and services including Microfinance Loans and Hyperlocal Financial Products. Its focus areas include Microfinance and Rural and Semi-Urban Lending. Its competitors include L & T Finance Holdings, IIFL Finance and Kinara Capital; 1 of its 3 listed competitors has raised funding.
Company details
Avanti Finance is engaged in delivering financial inclusion through affordable credit solutions targeting underserved populations in rural and semi-urban areas of India. The company operates on a digital platform with a hyperlocal, hyperflexible approach, co-creating livelihood-centric products with over 60 partners. Operations are designed to be paperless, presenceless, and cashless, ensuring scalability and low costs. Diverse capital pools are connected to end users via an API-driven architecture, supporting priority sector lending and geographical expansion. The focus remains on enabling borrowers to expand livelihoods, thereby facilitating loan repayment and sustainable impact.
- Headquarters Bengaluru, India
- Employees 87
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website avantifinance.in
- Social LinkedIn X YouTube
- Legal Name Avanti Finance
- Date of Incorporation 01 Aug, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹252 Cr
FY 2024 · +122% YoY
- Net Loss-₹81.54 Cr
FY 2024
- EBITDA₹74.28 Cr
FY 2024 · 29% margin
- Total Equity Funding$79.74M (USD)
in 6 rounds
- Latest Funding Round$14.2M (USD), Series B
Dec 2024
- InvestorsRabobank
& 11 more
- Employee Count87
Associated legal entities of Avanti Finance
Avanti Finance is associated with 3 registered companies on The Company Check; the primary company is Avanti Finance Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Avanti Finance Private Limited CIN U64920KA2016PTC138355 | Active | 01 Aug 2016 | Bangalore, Karnataka | ₹252 Cr | 87 | 8 | View details |
| Avanti Finance CIN U65929KA2016PTC138355 | 01 Aug 2016 | Bangalore, Karnataka, India | View details | ||||
| Avanti Microfinance Private Limited CIN U65929KA2016PTC138292 | Active | 07 Oct 2016 | Bangalore, Karnataka | ₹2.0 Cr | 1 | 3 | View details |
Products & Services of Avanti Finance
Avanti Finance offers a comprehensive portfolio of products and services, including Microfinance Loans and Hyperlocal Financial Products.
Loans are provided to support livelihood and recovery.
Customized products are developed for local livelihood needs.
Apps and channels of Avanti Finance
its YouTube channel Avanti Comms has 167 subscribers and 3 videos.
Videos from Avanti Finance
The most watched videos on Avanti Finance's YouTube channel, Avanti Comms (167 subscribers). Click a video to play it here.
More on Avanti Comms.
Funding Insights of Avanti Finance
Avanti Finance has successfully raised a total of $79.74M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $14.2 million completed in December 2024. 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 $79.74M
- Total Rounds 6
- Last Round Series B — $14.2M
- Investors Count 12
All 6 funding rounds of Avanti Finance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2024 | $14.2M | Series B | – | – | |
| Dec 2022 | $24M | Series B | $115.93M | Rabobank, NRJN Trust | |
| Oct 2021 | $15M | Series A | – | KRSF, Gates Foundation | – |
| Apr 2021 | Debt – Conventional | – | – | ||
| Apr 2021 | $26.54M | Series A | $62.09M | Gates Foundation | |
| Jan 2020 | Debt – Conventional | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2022 | $115.93M | •••••••• |
| Apr 2021 | $62.09M | •••••••• |
Last known valuation $115.93M (Dec 2022). 12 investors in total: 10 institutional and 2 angel.
Investors in Avanti Finance
Avanti Finance has secured backing from 12 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Rabobank, Gates Foundation and Nomura.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on multiple sectors | Bengaluru, India | |||
Private equity firm investing in multiple sectors | oikocredit.coop | Amersfoort, Netherlands | ||
Private equity firm focused on multiple sectors | ||||
Microcredit is provided to low-income individuals and businesses. | 2008 | dia-vikas.org | Gurugram, India | |
Sustainable trade is advanced via stakeholder partnerships in global markets. | 2008 | idhsustainabletrade.com | Utrecht, Netherlands | |
Commercial banking services are provided by Rabobank from Utrecht, Netherlands. | 1972 | rabobank.com | Utrecht, Netherlands | |
Rural development is focused on through education, advocacy, livelihood, climate change, and healthcare efforts in India. | 2011 | krsf.in | Ahmedabad, India | |
Charitable foundation investments on poverty reduction and healthcare | 2000 | gatesfoundation.org | Seattle, United States | |
Diversified asset management services are offered globally by the firm. | 1925 | nomura.com | Chuo City, Japan | |
| dell.org |
Investor details for Avanti Finance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Avanti Finance Private Limited (Avanti Finance)
Avanti Finance Private Limited is the primary company behind Avanti Finance. The boards of the 2 registered companies of Avanti Finance currently have 9 directors; the longest-serving is Vijay Laxman Kelkar, appointed in 2016. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vijay Laxman Kelkar DIN 00011991 | Director | 01 Aug 2016 | 10 yrs 3 mo | Avanti Finance Private Limited |
| Nandan Mohan Nilekani DIN 00041245 | Director | 01 Aug 2016 | 10 yrs 3 mo | Avanti Finance Private Limited |
| Bindu Ananth DIN 02456029 | Nominee Director | 30 Sep 2021 | 5 yrs 1 mo | Avanti Finance Private Limited |
| Sukanya Kripalu Anand DIN 06994202 | Director | 13 Jul 2022 | 4 yrs 3 mo | Avanti Finance Private Limited |
| Rahul Gupta DIN 09247626 | Director | 13 Jul 2022 | 4 yrs 3 mo | Avanti Finance Private Limited, Avanti Microfinance Private Limited |
| Subramaniam Somasundaram DIN 01494407 | Director | 13 Jul 2022 | 4 yrs 3 mo | Avanti Finance Private Limited |
| Manish Purshottam Thakkar DIN 03233206 | Director | 29 Mar 2024 | 2 yrs 7 mo | Avanti Microfinance Private Limited |
| Jeroen Bart Nicolaas Meerburg DIN 10684231 | Nominee Director | 24 Aug 2024 | 2 yrs 2 mo | Avanti Finance Private Limited |
| Roopa Satish DIN 07943586 | Nominee Director | 30 Apr 2025 | 1 yr 6 mo | Avanti Finance Private Limited |
People of Avanti Finance
33 people are tracked at Avanti Finance (7 in leadership, 4 in board & advisors, 22 in team); the tracked headcount is 87.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Nihal Bl | Associate Vice President - Legal | Leadership |
Kunguma Sharmila | Chief Audit Officer | Leadership |
Subbu Subramaniam | Independent Director | Leadership |
Swapnil Dixit | VP of Products | Leadership |
Nagaraj Subrahmanya | Chief Risk Officer | Leadership |
Ankit Hurkat | Head Of Corporate Finance | Leadership |
| Director | Board & advisors | |
Ratan Naval Tata | Director | Board & advisors |
| Director | Board & advisors | |
| Director | Board & advisors | |
Saurabh Kumar | Lead - Operations and Customer Service | Team |
Aman Gautam | Product Management | Team |
Manu Prashanth | Manager L2 | Team |
Vrinda Rateria | Senior Operational Risk Manager | Team |
Nirakar Behera | Operations Associate | Team |
Hemavathi Narayan | Management Trainee | Team |
Shamik Patel | Assistant Manager | Team |
Raksha Kumar | Legal Associate | Team |
Santosh Sasanpuri | Operations Management Trainee | Team |
13 more people are available in the full profile.
Complete people profiles for Avanti Finance
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Financials of Avanti Finance
Figures of Avanti Finance Private Limited, the primary company behind Avanti Finance, for FY 2024. Revenue was ₹252 Cr (+122% year on year). Net loss was -₹81.54 Cr. EBITDA was ₹74.28 Cr (29% margin). Revenue has grown at a compounded annual rate of +198% over three years and +165% over five years.
- ₹252 CrRevenue · FY 2024 · +122% YoY
- -₹81.54 CrNet loss
- ₹74.28 CrEBITDA · 29% margin
- ₹547 CrPaid-up capital
- 87Employees (provident fund records)
- +198%Revenue CAGR, 3 years
- +165%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Avanti Finance Private Limited are on its company page.
Detailed financial statements for Avanti Finance
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Avanti Finance
4 dated milestones of Avanti Finance across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Avanti Finance is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $14.2M.
Competitors of Avanti Finance
Avanti Finance has 3 listed competitors in our database, 1 of them funded. They include L & T Finance Holdings, IIFL Finance and Kinara Capital.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ltfs.com | 1994 | Mumbai, India | 39,216 | Diversified lending services are provided as a non-banking financial institution. | ||
| iifl.com | 1995 | Mumbai, India | 16,076 | Online gold, home, personal, and business loans are provided. | ||
| kinaracapital.com | 2011 | Bengaluru, India | $116.69M | 1,580 | Collateral-free loans are provided to MSMEs for business operations. |
Detailed competitors of Avanti Finance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Avanti Finance
The website of Avanti Finance (avantifinance.in) receives about 9.5K visits a month.
- Monthly visits9.5K
▲ 259.2% vs previous month
Websites whose visitors overlap most with Avanti Finance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ratnaafin.com | 100% | #2,130,330 | View details |
Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Avanti Finance (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 204.93 M | 1,634 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 167 |
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Related news about Avanti Finance
Complete news archive for Avanti Finance
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Frequently Asked Questions about Avanti Finance
Avanti Finance was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Avanti Finance is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rahul Gupta is the CEO of Avanti Finance, as recorded in our data.
Avanti Finance is a funded company, having raised a total of $79.74M across 6 funding rounds to date.
Avanti Finance has 87 employees.
The primary company behind Avanti Finance, Avanti Finance Private Limited, reported revenue of ₹252 Cr for FY 2024, up 122% year on year.
Avanti Finance is engaged in delivering financial inclusion through affordable credit solutions targeting underserved populations in rural and semi-urban areas of India. The company operates on a digital platform with a hyperlocal, hyperflexible approach, co-creating livelihood-centric products with over 60 partners. Operations are designed to be paperless, presenceless, and cashless, ensuring scalability and low costs. Diverse capital pools are connected to end users via an API-driven architecture, supporting priority sector lending and geographical expansion. The focus remains on enabling borrowers to expand livelihoods, thereby facilitating loan repayment and sustainable impact.
Avanti Finance's top competitors include L & T Finance Holdings, IIFL Finance and Kinara Capital.
Avanti Finance offers Microfinance Loans and Hyperlocal Financial Products.
Avanti Finance has 12 investors. Key investors include Rabobank, Gates Foundation, Nomura, Idh Farmfit, and Dia Vikas.
The valuation of Avanti Finance is $115.93M as of Dec 2022.
Avanti Finance is associated with 2 legal entities: Avanti Finance Private Limited, Avanti Microfinance Private Limited.