About Spandana Sphoorty Financial
Spandana Sphoorty Financial is a company based in Hyderabad (India) founded in 2003.. Spandana Sphoorty Financial has raised $192 million across 9 funding rounds from investors including Yes Bank, IndusInd Bank and ICICI Bank. The company has 16,450 employees as of March 31, 2024. Spandana Sphoorty Financial has completed 1 acquisition, including Criss Financial. Spandana Sphoorty Financial offers products and services including SlotJitu Platform. Spandana Sphoorty Financial operates in a competitive market with competitors including ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others.
- Headquarter Hyderabad, India
- Employees 16450 as on 31 Mar, 2024
- Stage Public
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
- Legal Name Spandana Sphoorty Financial Limited
-
Annual Revenue
$283.18 M (USD)-3.45as on Mar 31, 2024
-
Net Profit
$-120.91 M (USD)-306.75as on Mar 31, 2024
-
EBITDA
$185.86 M (USD)-12.27as on Mar 31, 2024
-
Total Equity Funding
$192 M (USD)
in 9 rounds
-
Latest Funding Round
$63 M (USD), Debt – Conventional
Jan 02, 2018
-
Investors
Yes Bank
& 11 more
-
Employee Count
16450
as on Mar 31, 2024
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Spandana Sphoorty Financial
Spandana Sphoorty Financial is a publicly listed company on the NSE with ticker symbol SPANDANA in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Spandana Sphoorty Financial
Spandana Sphoorty Financial offers a comprehensive portfolio of products and services, including SlotJitu Platform. 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.
Platform for playing various slot games with bonuses and features.
Funding Insights of Spandana Sphoorty Financial
Spandana Sphoorty Financial has successfully raised a total of $192M across 9 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $63 million completed in January 2018. 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 9
- Last Round Debt – Conventional — $63.0M
-
First Round
First Round
(01 Aug 2007)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Debt – Conventional - Spandana Sphoorty Financial | Valuation |
investors |
|
| Dec, 2017 | Amount | Private Equity Round - Spandana Sphoorty Financial | Valuation | Kedaara , Ontario Teachers' Pension Plan |
|
| Nov, 2017 | Amount | Debt – Conventional - Spandana Sphoorty Financial | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spandana Sphoorty Financial
Spandana Sphoorty Financial has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Yes Bank, IndusInd Bank and ICICI Bank. 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 |
|---|---|---|---|---|
|
Private equity firm focused on growth companies
|
Founded Year | Domain | Location | |
|
An investment platform is provided for diverse sectors and geographies.
|
Founded Year | Domain | Location | |
|
Investment firm focusing on tech-enabled enterprises in social and environmental sectors.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Spandana Sphoorty Financial
Spandana Sphoorty Financial has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Criss Financial. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Micro credit loans are provided to customers for various needs.
|
1992 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Spandana Sphoorty Financial
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spandana Sphoorty Financial Comparisons
Competitors of Spandana Sphoorty Financial
Spandana Sphoorty Financial 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 ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, 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 |
Microfinance banking services are offered in India by ESAF.
|
|
| domain | founded_year | HQ Location |
Micro loans for businesses are offered by this NBFC.
|
|
| domain | founded_year | HQ Location |
Micro-finance bank
|
|
| domain | founded_year | HQ Location |
Provider of micro-credit & insurance for low income income individuals and women
|
|
| domain | founded_year | HQ Location |
Microcredit services are provided to rural women for financial inclusion.
|
|
| domain | founded_year | HQ Location |
Micro-credit financing is provided to low-income individuals and businesses.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Spandana Sphoorty Financial
Frequently Asked Questions about Spandana Sphoorty Financial
When was Spandana Sphoorty Financial founded?
Spandana Sphoorty Financial was founded in 2003 and raised its 1st funding round 4 years after it was founded.
Where is Spandana Sphoorty Financial located?
Spandana Sphoorty Financial is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Spandana Sphoorty Financial?
Shalabh Saxena is the current CEO of Spandana Sphoorty Financial.
Is Spandana Sphoorty Financial a funded company?
Spandana Sphoorty Financial is a funded company, having raised a total of $192M across 9 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $61.8M, raised on Aug 01, 2007.
How many employees does Spandana Sphoorty Financial have?
As of Mar 31, 2024, the latest employee count at Spandana Sphoorty Financial is 16,450.
What is the annual revenue of Spandana Sphoorty Financial?
Annual revenue of Spandana Sphoorty Financial is $283.18M as on Mar 31, 2024.
What does Spandana Sphoorty Financial do?
Spandana Sphoorty Financial was established in 2003 in Hyderabad, India, within the microfinance sector. Financial services are delivered to low-income households across the country, focusing on income generation loans, short-term working capital loans, mortgage loans, micro enterprise loans, and gold loans. Operations emphasize accessible credit options to support economic activities in rural and urban areas. Leadership is provided by CEO Shalabh Saxena.
Who are the top competitors of Spandana Sphoorty Financial?
Spandana Sphoorty Financial's top competitors include ESAF, Satin Creditcare and Bharat Financial Inclusion.
What products or services does Spandana Sphoorty Financial offer?
Spandana Sphoorty Financial offers SlotJitu Platform.
Is Spandana Sphoorty Financial publicly traded?
Yes, Spandana Sphoorty Financial is publicly traded on NSE under the ticker symbol SPANDANA.
How many acquisitions has Spandana Sphoorty Financial made?
Spandana Sphoorty Financial has made 1 acquisition, including Criss Financial.
Who are Spandana Sphoorty Financial's investors?
Spandana Sphoorty Financial has 12 investors. Key investors include Yes Bank, IndusInd Bank, ICICI Bank, Standard Chartered, and Aditya Birla Capital.
What is Spandana Sphoorty Financial's ticker symbol?
The ticker symbol of Spandana Sphoorty Financial is SPANDANA on NSE.