About Hero Fincorp
Hero Fincorp is a company based in Delhi (India) founded in 1991.. Hero Fincorp has raised $274.96 million across 3 funding rounds from investors including Hero MotoCorp, Credit Suisse and Apollo Global Management. The company has 3,302 employees as of December 04, 2024. Hero Fincorp offers products and services including Personal Loan, Business Loan, Two Wheeler Loan, Used Car Loan, and Loan Against Property. Hero Fincorp operates in a competitive market with competitors including Manappuram Finance, L & T Finance Holdings, IIFL Finance, Bajaj Finserv and Northern Arc Capital, among others.
- Headquarter Delhi, India
- Employees 3302 as on 04 Dec, 2024
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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
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- Legal Name Hero Fincorp Limited
- Date of Incorporation 16 Dec, 1991
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$260.99 M (USD)36.37as on Mar 31, 2018
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Net Profit
$23.33 M (USD)24.56as on Mar 31, 2018
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EBITDA
$140.71 M (USD)75.42as on Mar 31, 2018
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Total Equity Funding
$274.96 M (USD)
in 3 rounds
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Latest Funding Round
$125.61 M (USD), Private Equity Round
Feb 04, 2022
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Investors
Hero MotoCorp
& 4 more
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Employee Count
3302
as on Dec 04, 2024
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Products & Services of Hero Fincorp
Hero Fincorp offers a comprehensive portfolio of products and services, including Personal Loan, Business Loan, Two Wheeler Loan, Used Car Loan, and Loan Against Property. 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.
Provides instant cash for personal needs like emergencies.
Offers unsecured funding for business expansion and operations.
Finances purchase of two-wheelers with quick approvals.
Supports buying pre-owned cars through loan facilities.
Secures loans using property as collateral for various needs.
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Funding Insights of Hero Fincorp
Hero Fincorp has successfully raised a total of $274.96M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $125.61 million completed in February 2022. 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 3
- Last Round Private Equity Round — $125.6M
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First Round
First Round
(15 Sep 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Private Equity Round - Hero Fincorp | Valuation | Apollo Global Management |
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| May, 2020 | Amount | Private Equity Round - Hero Fincorp | Valuation | Apis Partners |
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| Sep, 2016 | Amount | Private Equity Round - Hero Fincorp | Valuation | ChrysCapital , Credit Suisse |
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| 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 Hero Fincorp
Hero Fincorp has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Hero MotoCorp, Credit Suisse and Apollo Global Management. 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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Buyouts are targeted through private equity investments by the firm.
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Founded Year | Domain | Location | |
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Private equity and venture capital asset management firm
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Founded Year | Domain | Location | |
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Investment firm focusing on private equity in sectors like financial services and healthcare.
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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 Hero Fincorp
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - Hero Fincorp
| 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 |
Hero Fincorp Comparisons
Competitors of Hero Fincorp
Hero Fincorp operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Manappuram Finance, L & T Finance Holdings, IIFL Finance, Bajaj Finserv and Northern Arc Capital, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer and SME loans are provided by Manappuram Finance.
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| domain | founded_year | HQ Location |
Diversified lending services are provided as a non-banking financial institution.
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| domain | founded_year | HQ Location |
Online gold, home, personal, and business loans are provided.
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| domain | founded_year | HQ Location |
Financial solutions including loans and insurance are offered.
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| domain | founded_year | HQ Location |
Household and business loans are provided with risk management support.
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| 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 Hero Fincorp
Frequently Asked Questions about Hero Fincorp
When was Hero Fincorp founded?
Hero Fincorp was founded in 1991 and raised its 1st funding round 25 years after it was founded.
Where is Hero Fincorp located?
Hero Fincorp is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is Hero Fincorp a funded company?
Hero Fincorp is a funded company, having raised a total of $274.96M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $149.34M, raised on Sep 15, 2016.
How many employees does Hero Fincorp have?
As of Dec 04, 2024, the latest employee count at Hero Fincorp is 3,302.
What is the annual revenue of Hero Fincorp?
Annual revenue of Hero Fincorp is $260.99M as on Mar 31, 2018.
What does Hero Fincorp do?
Hero Fincorp is a systematically important NBFC offering both consumer and business loan products. The flagship product is 2-wheeler financing. Other products include LAP, medical equipment financing, used car loans, and SMECommercial loans. Hero FinCorp has grown from an asset size of INR 300 crores in 2013 to INR 8000 crore in YTD 2016. By 2020, Hero FinCorp plans to reach an asset size of INR 35,000 crore. The company has 2000 touch points across 950 locations in India, and plans to grow the touchpoints to 4000 by 2020. The company has also provided financing to over 2000 small and medium-sized enterprises (SME), with no or limited credit histories.
Who are the top competitors of Hero Fincorp?
Hero Fincorp's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
What products or services does Hero Fincorp offer?
Hero Fincorp offers Personal Loan, Business Loan, Two Wheeler Loan, Used Car Loan, and Loan Against Property.
Who are Hero Fincorp's investors?
Hero Fincorp has 5 investors. Key investors include Hero MotoCorp, Credit Suisse, Apollo Global Management, Apis Partners, and ChrysCapital.
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